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Print - 2012-08-27
The Weather

The Weather

The weather report on Sunday (August 26, 2011) and the forecast for Monday (August 27, 2011).

Published 27 Aug, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 23 to August 24, 2012).

Published 27 Aug, 2012 12:00am
Secretary inspects drive against dengue

Secretary inspects drive against dengue

Women Development Department (WDD) Secretary Eram Bukhari has said that keeping the surroundings clean is essential to control the spread of dengue. She said this during her visit to Women Development Department, Career Develop-ment Centres (CDCs) and Wor
Published 27 Aug, 2012 12:00am
'Metro bus project to revolutionise Lahore's transport system'

'Metro bus project to revolutionise Lahore's transport system'

Punjab Chief Minister Shahbaz Sharif has said that Metro Bus Service is a unique and splendid project in the history of the country which will bring a revolutionary change in the provincial metropolis transport system.
Published 27 Aug, 2012 12:00am
Anti-dengue campaign being launched in Punjab

Anti-dengue campaign being launched in Punjab

Anti-dengue campaign has been launched in the province. Offices remained open as usual on Sunday in the provincial metropolis. The work regarding elimination of dengue continued in Punjab Civil Secretariat and subordinate offices. All administrative secre
Published 27 Aug, 2012 12:00am
Wheat prices stable on sufficient reserves

Wheat prices stable on sufficient reserves

The commodity market is back in business after Eid holidays. In the week ending August 24, the wholesale prices of wheat have been quoted below the Rs2,900 per 100 kg threshold - at around Rs2,870 per 100 kg. Sufficient availability of wheat reserves is s
Published 27 Aug, 2012 12:00am
Any answers?

Any answers?

In 1962, President Ayub Khan's government gave a constitution to Pakistan. This was probably a disputed document, but that is not my point here. While he left power in 1969, he himself disregarded his own constitution and did not hand over power according
Published 27 Aug, 2012 12:00am
Manhattan shootout reignites US gun issues

Manhattan shootout reignites US gun issues

A disgruntled worker killed a former colleague outside the landmark Empire State Building, triggering a wild shootout with New York City police and raising anew the issue of gun control in the United States. Nine people were wounded Friday as police chase
Published 27 Aug, 2012 12:00am
Fighting inflation

Fighting inflation

"A nickel ain't worth a dime anymore"- Yogi Berra. For those slow on the uptake, substitute Rs 100 for a nickel and Rs 10 for a dime. Inflation is mysterious. Even those who claim to understand inflation have a tendency to overlook inflations mischief in
Published 27 Aug, 2012 12:00am
Corruption - I

Corruption - I

This is the first of a three-part series of articles detailing how corruption is measured. Part II would focus on the global banking meltdown due to corruption/violation of laws by some of the world's biggest banks and some comparisons to the defunct Mehr
Published 27 Aug, 2012 12:00am
The squabble over new provinces panel

The squabble over new provinces panel

The PML-N is displeased over the constitution of a parliamentary commission by the National Assembly Speaker on the division of Punjab to form two new provinces. It has been accusing the PPP of having adopted a selective approach. Adding his voice on Frid
Published 27 Aug, 2012 12:00am
Vision without resources is hallucination

Vision without resources is hallucination

There is no denying the fact that strong economic vision of a political party is incriminating evidence of its concrete plans aimed at addressing the economic challenges and socio-economic concerns of general population. A weak economic programme and disc
Published 27 Aug, 2012 12:00am
Dead Japanese reporter had nine bullet wounds

Dead Japanese reporter had nine bullet wounds

A veteran Japanese war reporter killed while covering the anti-regime movement in Syria suffered nine bullet wounds with the fatal injury sustained in the neck, police said Sunday after an autopsy. Mika Yamamoto is believed to have come under fire on Mond
Published 27 Aug, 2012 12:00am
Inter-Korean 'postman' reconnects split families

Inter-Korean 'postman' reconnects split families

In a cramped and tiny office in the South Korean capital, an 80-year-old man displays letters postmarked "Democratic People's Republic of Korea" in pale red ink. The imprints with North Korea's official name testify to Kim Kyung-Jae's success in reconnect
Published 27 Aug, 2012 12:00am
EU demands 'immediate halt' to executions in Gambia

EU demands 'immediate halt' to executions in Gambia

The European Union called Sunday for an "immediate halt" to executions in Gambia after reports that President Yahya Jammeh had begun carrying out a threat to clear death row by mid-September. "I strongly condemn the executions which have reportedly taken
Published 27 Aug, 2012 12:00am
Britons back naked prince

Britons back naked prince

More than two-thirds of adults in Britain thought Prince Harry cavorting naked with women at a Las Vegas party was acceptable behaviour, according to a poll out Sunday. The YouGov survey in The Sunday Times newspaper found that 68 percent thought the thir
Published 27 Aug, 2012 12:00am
French astronauts, Prime Minister praise 'legend' Neil Armstrong

French astronauts, Prime Minister praise 'legend' Neil Armstrong

Two French astronauts paid tribute to Neil Armstrong on Sunday, calling the first man on the moon a legend a day after he died aged 82. "He was a living legend ... a great man, someone full of self-restraint, extremely discreet," Jean-Loup Chretien, the f
Published 27 Aug, 2012 12:00am
Obama, Aldrin praise 'American hero' Neil Armstrong

Obama, Aldrin praise 'American hero' Neil Armstrong

President Barack Obama and astronaut Buzz Aldrin led tributes Saturday to the famed Apollo 11 commander Neil Armstrong, the first man on the moon, lauding him as a reluctant but true American hero. Armstrong, who died from complications following cardiac
Published 27 Aug, 2012 12:00am
Libya's under-fire interior minister quits

Libya's under-fire interior minister quits

Interior Minister Fawzi Abdelali resigned on Sunday after coming under fire for the performance of security forces during a surge of violence that has rocked Libya, an official from his office told AFP.
Published 27 Aug, 2012 12:00am
Tropical storm Isaac delays US Republican convention

Tropical storm Isaac delays US Republican convention

A strengthening Tropical Storm Isaac barrelled toward Florida and was predicted to become a hurricane on Sunday, forcing a one-day delay to the main events of the Republican convention, after leaving four people dead in Haiti.
Published 27 Aug, 2012 12:00am
Israeli former soldiers say troops abused Palestinian kids

Israeli former soldiers say troops abused Palestinian kids

Former Israeli soldiers who served in the occupied territories say that mistreatment of Palestinian children by troops is "routine" and occurs even at times of relative calm. A collection of over 30 testimonies published on Sunday by Breaking the Silence,
Published 27 Aug, 2012 12:00am
Top cricketers 'fail' to file income, wealth tax returns

Top cricketers 'fail' to file income, wealth tax returns

Tax profiles of leading 25 cricketers finalised by the Federal Board of Revenue (FBR) showed that first class players have failed to file their wealth statements and income tax returns for Tax Years 2010 and 2011, having foreign source of income from inte
Published 27 Aug, 2012 12:00am
Family history foretells early heart disease

Family history foretells early heart disease

If you have a relative who died of heart disease before age 60, your own risk of early heart trouble is higher as well, a study involving millions of people in Denmark over three decades has determined.
Published 27 Aug, 2012 12:00am
Fortified foods carry risks

Fortified foods carry risks

A healthy person with a balanced diet does not need fortified foods, according to the Hamburg Consumer Advice Centre. It said that frequently eating food enriched with vitamins or minerals was generally more expensive and potentially harmful to one's heal
Published 27 Aug, 2012 12:00am
The medicinal benefits of garlic

The medicinal benefits of garlic

Garlic can ward off vampires, according to an old superstition. Modern science also ascribes protective powers to the pungent bulb against health problems. "Garlic was cited as a remedy in ancient Egyptian writings as far back as 1550 BC, and it's regarde
Published 27 Aug, 2012 12:00am
Giving babies antibiotics could lead to obesity

Giving babies antibiotics could lead to obesity

Giving babies antibiotics before the age of six months could cause them to be chubby children, according to a study published on August 21. "We typically consider obesity an epidemic grounded in unhealthy diet and exercise, yet increasingly studies sugges
Published 27 Aug, 2012 12:00am
Dental health linked to dementia risk

Dental health linked to dementia risk

People who keep their teeth and gums healthy with regular brushing may have a lower risk of developing dementia later in life, according to a US study. Researchers at the University of California who followed nearly 5,500 elderly people over an 18-year-pe
Published 27 Aug, 2012 12:00am
Arctic cap on course for record melt: scientists

Arctic cap on course for record melt: scientists

The Arctic ice cap is melting at a startlingly rapid rate and may shrink to its smallest-ever level within weeks as the planet's temperatures rise, US scientists said. Researchers at the University of Colorado at Boulder said that the summer ice in the Ar
Published 27 Aug, 2012 12:00am
Yap.TV tunes Internet Age viewing for the world

Yap.TV tunes Internet Age viewing for the world

San Francisco start-up Yap.TV on August 20 went international with a hit service that helps people mine gems from junk in the growing mountain of shows, films and videos. Versions of Yap.TV software released in the United States early last year for Apple
Published 27 Aug, 2012 12:00am
Global tablet sales to top 100 million in 2012: survey

Global tablet sales to top 100 million in 2012: survey

The global market for tablet computers is extending its sizzling growth and will likely top 100 million in 2012, a research firm said on August 23. The April-June quarter set a new record for tablet shipments of nearly 25 million units - up 36 percent fro
Published 27 Aug, 2012 12:00am
Amazon launches Kindle store in India

Amazon launches Kindle store in India

US e-commerce giant Amazon on August 22 launched its Kindle Store in India, claiming to have the largest selection of any e-bookstore in the country. The India Kindle Store offers over one million e-books, priced in Indian rupees, including 70 of the top
Published 27 Aug, 2012 12:00am
US launches test of Wi-Fi to prevent car accidents

US launches test of Wi-Fi to prevent car accidents

A US government-funded programme on August 21 launched a test of Wi-Fi technology to help reduce road accidents. The Transportation Department said the programme in Ann Arbor, Michigan, will enable vehicles and infrastructure to "talk" to each other in re
Published 27 Aug, 2012 12:00am
In US, 19 million can't get high-speed Internet: study

In US, 19 million can't get high-speed Internet: study

Around six percent of the US population, or 19 million people, lack access to high-speed Internet even though deployment has improved in recent years, a government study said on August 21. Around 14.5 million of those without access to broadband are in ru
Published 27 Aug, 2012 12:00am
Google online maps embark on Arctic adventure

Google online maps embark on Arctic adventure

Google set out August 22 to take users of its free online mapping service on an Arctic adventure with help from an Inuit community in the Canadian tundra. Prime Minister Stephen Harper joined the effort as the Internet titan's Street View team arrived in
Published 27 Aug, 2012 12:00am
Britain to get superfast 4G Internet by year-end: regulator

Britain to get superfast 4G Internet by year-end: regulator

Britain will have access to superfast 4G mobile Internet services by the end of the year, communications watchdog Ofcom said August 21 after approving its launch by telecoms providers Orange and T-Mobile. Regulator Ofcom said Everything Everywhere - forme
Published 27 Aug, 2012 12:00am
Smartphone users exceed 30 million in South Korea

Smartphone users exceed 30 million in South Korea

More than 60 percent of South Koreans now have smartphones despite their belated debut in the country, according to the latest industry figures. Data from three mobile providers quoted by Yonhap news agency showed the number reached 30.03 million on Augus
Published 27 Aug, 2012 12:00am
Facebook unveils new search ad plan

Facebook unveils new search ad plan

Facebook has unveiled a new feature which delivers ads to users based on their search queries, taking a page from a strategy used effectively by Google and others. "We have launched a feature that surfaces sponsored results along with the organic results
Published 27 Aug, 2012 12:00am
Facebook unveils speedier app for iPhone, iPad

Facebook unveils speedier app for iPhone, iPad

Facebook unveiled a new mobile app on August 23 for its users on Apple iPhone and iPad, saying it would speed up the performance of people accessing the world's biggest social network. The new app is "a major update to the Facebook for iOS rebuilt from th
Published 27 Aug, 2012 12:00am
Dell's PC business hurt by tablet, smartphone competition

Dell's PC business hurt by tablet, smartphone competition

The increasing popularity of tablet computers and smartphones combined with the weak economy are making life difficult for PC maker Dell. The company said on August 21 that its profit in the second quarter shrank 18 per cent to 732 million dollars, on rev
Published 27 Aug, 2012 12:00am
Dell's outlook disappoints as PC market falters

Dell's outlook disappoints as PC market falters

Dell Inc warned of a challenging second half and slashed its full-year earnings outlook as customers cut back on computer purchases ahead of the launch of Microsoft's Windows 8 software, sending its shares down more than 4 percent.
Published 27 Aug, 2012 12:00am
Sony to cut 15 percent of mobile phone workforce

Sony to cut 15 percent of mobile phone workforce

Sony said on August 23 it would chop 15 percent of the workforce at its struggling mobile phone unit and move its headquarters to Tokyo from Sweden as the Japanese consumer electronics giant slashes costs. The move to cut 1,000 jobs at Sony Mobile Communi
Published 27 Aug, 2012 12:00am
Rio Tinto upbeat on copper amid end of boom fears

Rio Tinto upbeat on copper amid end of boom fears

The positive long-term outlook for copper remains intact, the head of Rio Tinto's copper division said on August 24, adding his voice to a chorus of mining executives reluctant to call time on the resources boom.
Published 27 Aug, 2012 12:00am
PetroChina sets sights overseas, second quarter profit slides

PetroChina sets sights overseas, second quarter profit slides

PetroChina, the country's dominant oil and gas producer which also owns refineries, has earmarked close to $16 billion for overseas investment this year as it aims to have half its production outside China within 8 years.
Published 27 Aug, 2012 12:00am
PetroChina sets sights overseas, second quarter profit slides

PetroChina sets sights overseas, second quarter profit slides

PetroChina, the country's dominant oil and gas producer which also owns refineries, has earmarked close to $16 billion for overseas investment this year as it aims to have half its production outside China within 8 years.
Published 27 Aug, 2012 12:00am
UK banks face scandal over toxic insurance products

UK banks face scandal over toxic insurance products

When businessman Colin Jones approached his local bank for a loan in 2007, he had little idea what an "interest rate swap" was, let alone a "structured collar". Jones wanted 400,000 pounds ($630,000) to buy a small hotel in North Wales and Royal Bank of S
Published 27 Aug, 2012 12:00am
Pakistan, Australia seek revival in UAE

Pakistan, Australia seek revival in UAE

Pakistan and Australia will seek to reverse their recent poor fortunes amidst oppressive heat and unusual timings in their limited over series which starts here on Tuesday. Pakistan, who have not beaten Australia in a one-day series since 2002, have lost
Published 27 Aug, 2012 12:00am
Chand drives India U-19 World champion

Chand drives India U-19 World champion

India chased down the target of 226 runs that the defending champions set up after being called in to bat, with six wickets remaining and 14 balls to spare. Skipper Unmukt Chand slammed an unbeaten century guiding India to their third U-19 World Cup title
Published 27 Aug, 2012 12:00am
Australia's Starc relishes Pakistan challenge

Australia's Starc relishes Pakistan challenge

Lanky Australian paceman Mitchell Starc said Sunday he believes fast bowlers will play a big role on the dry pitches in the limited over series against Pakistan starting this week.
Published 27 Aug, 2012 12:00am
'Cricket bringing peace in Afghanistan'

'Cricket bringing peace in Afghanistan'

Cricket is bringing peace to war-ravaged Afghanistan and can further stabilise the country if foreign teams tour, an official said Sunday. Afghanistan took a big step at international level by playing former world champions Australia on Saturday, their se
Published 27 Aug, 2012 12:00am
Australia win but Afghanistan impress

Australia win but Afghanistan impress

Australia won the match but Afghanistan won plenty of admirers before going down by 66 runs in their one-day international in Sharjah. Playing only their second ODI against an established side, Afghanistan restricted Michael Clarke's team to 272-8 before
Published 27 Aug, 2012 12:00am
Federer targets record sixth US Open

Federer targets record sixth US Open

Roger Federer aims to cap his dramatic renaissance by becoming the first man in 87 years to win six US Open titles when the season's last Grand Slam event takes place from Monday. World number one Federer currently has five New York wins, a mark he shares
Published 27 Aug, 2012 12:00am
Serena favourite in wide Open field

Serena favourite in wide Open field

Serena Williams earns the nod as a favourite heading into the US Open by virtue of her Olympic and Wimbledon titles, but the field of contenders is otherwise wide open entering the year's last Grand Slam. The Flushing Meadows fortnight begins on Monday wi
Published 27 Aug, 2012 12:00am
Ashwin fires India to innings win in Kiwi Test

Ashwin fires India to innings win in Kiwi Test

Ravichandran Ashwin exposed New Zealand's batting limitations against spin with a second successive six-wicket haul as India won the opening Test by an innings and 115 runs on Sunday.
Published 27 Aug, 2012 12:00am
CCB quarterly earnings beat forecasts

CCB quarterly earnings beat forecasts

China Construction Bank, the country's No 2 lender, said first-half earnings rose 14.5 percent, beating market expectations, helped by steady growth in net interest income as the bank started charging more for loans.
Published 27 Aug, 2012 12:00am
CCB quarterly earnings beat forecasts

CCB quarterly earnings beat forecasts

China Construction Bank, the country's No 2 lender, said first-half earnings rose 14.5 percent, beating market expectations, helped by steady growth in net interest income as the bank started charging more for loans.
Published 27 Aug, 2012 12:00am
Iraq pipeline delays threaten Shell's Majnoon

Iraq pipeline delays threaten Shell's Majnoon

Delays in Iraq's pipeline construction threaten to stall production at Royal Dutch Shell's Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day, oil ministry documents showed.
Published 27 Aug, 2012 12:00am
IMF loan, reforms both vital for Egypt: analysts

IMF loan, reforms both vital for Egypt: analysts

IMF approval of Egypt's request for nearly $5 billion in aid would come as a vital boon to its reeling economy but President Mohamed Morsi must at the same time enact tough reforms, analysts say. An economic slump following the February 2011 ouster of Hos
Published 27 Aug, 2012 12:00am
Police quell protest over Indian coal scandal

Police quell protest over Indian coal scandal

Hundreds of Indian protesters angry at a controversial allocation of coal fields were baton charged by police and sprayed with tear gas during a demonstration in the capital New Delhi Sunday. Police also fired water cannons to disperse the protesters as t
Published 27 Aug, 2012 12:00am
Saudi Aramco repairing damage from computer attack

Saudi Aramco repairing damage from computer attack

State oil producer Saudi Aramco is still repairing damage from a virus which infected thousands of employee computers in mid-August but the control systems and oilfield data are unaffected, sources familiar with the matter said.
Published 27 Aug, 2012 12:00am
Austria says Greece could get 2-3 extra years

Austria says Greece could get 2-3 extra years

Greece should get more time to repay its debts provided that it sticks to reforms and savings targets agreed with the European Union, Austrian Chancellor Werner Faymann said, taking a softer line than neighbour Germany, which has so far opposed any delay.
Published 27 Aug, 2012 12:00am
Bundesbank chief says ECB bond buying 'like a drug'

Bundesbank chief says ECB bond buying 'like a drug'

The head of Germany's Bundesbank stepped up his opposition to the European Central Bank's latest moves to battle the euro zone's debt crisis on Sunday, saying that plans to buy bonds risked becoming a drug on which governments would get hooked.
Published 27 Aug, 2012 12:00am
Bundesbank chief says ECB bond buying 'like a drug'

Bundesbank chief says ECB bond buying 'like a drug'

The head of Germany's Bundesbank stepped up his opposition to the European Central Bank's latest moves to battle the euro zone's debt crisis on Sunday, saying that plans to buy bonds risked becoming a drug on which governments would get hooked.
Published 27 Aug, 2012 12:00am
Arab Bank board appoints new chairman

Arab Bank board appoints new chairman

The board of Arab Bank, Jordan's largest lender, has elected Sabih al-Masri to take over at the helm of the bank after the resignation of Abdel Hamid Shoman this month in a dispute over the chairman's power.
Published 27 Aug, 2012 12:00am
Zain confirms talks on Vodafone Middle East roaming deal

Zain confirms talks on Vodafone Middle East roaming deal

Kuwait-based telecoms operator Zain confirmed on Sunday it was close to sealing a deal with Vodafone that would allow the global telecoms group access to its Middle East networks. "Zain Group is at an advanced stage in negotiations towards reaching a stra
Published 27 Aug, 2012 12:00am
UniCredit unit HVB probed over Iran sanctions

UniCredit unit HVB probed over Iran sanctions

US authorities are investigating UniCredit's German unit HVB as part of a global crackdown on possible violations of sanctions on Iran that has already cost Standard Chartered a hefty settlement.
Published 27 Aug, 2012 12:00am
Astro offers 1.52 billion shares in Malaysia's third largest IPO

Astro offers 1.52 billion shares in Malaysia's third largest IPO

Astro Malaysia Holdings Bhd, a pay-TV firm, is offering up to 1.52 billion shares in an initial public offering, an updated draft prospectus showed on Wednesday, which could be worth about $1.75 billion in the country's third largest listing this year.
Published 27 Aug, 2012 12:00am
Astro offers 1.52 billion shares in Malaysia's third largest IPO

Astro offers 1.52 billion shares in Malaysia's third largest IPO

Astro Malaysia Holdings Bhd, a pay-TV firm, is offering up to 1.52 billion shares in an initial public offering, an updated draft prospectus showed on Wednesday, which could be worth about $1.75 billion in the country's third largest listing this year.
Published 27 Aug, 2012 12:00am
ECB won't set caps on Italy, Spain yields

ECB won't set caps on Italy, Spain yields

European Central Bank President Mario Draghi's promise to do "whatever it takes" to save the euro zone probably won't include setting caps on Italian and Spanish government bond yields, a Reuters poll suggested on Thursday.
Published 27 Aug, 2012 12:00am
Wall Street week ahead: S&P to rise after wild ride to Jackson Hole

Wall Street week ahead: S&P to rise after wild ride to Jackson Hole

The streak is over, but is the trend intact? A six-week string of gains in the S&P 500 ended on Friday amid shifting expectations for central bank stimulus. Next week could bring clarity on that issue, and that could determine whether the recent rally tha
Published 27 Aug, 2012 12:00am
India's Just Dial files for IPO

India's Just Dial files for IPO

Indian directory services provider Just Dial Ltd said on Wednesday it has filed fresh regulatory papers for an initial public offer (IPO), after earlier shelving a public offer. Just Dial plans to sell 9.55 million shares in the IPO, it said in a statemen
Published 27 Aug, 2012 12:00am
Uphill battle for additional US money fund regulation

Uphill battle for additional US money fund regulation

US authorities face a tough battle to further regulate the $2.4 trillion money market fund industry after an intense lobbying campaign and internal dissension defeated a proposal at the Securities and Exchange Commission.
Published 27 Aug, 2012 12:00am
Uphill battle for additional US money fund regulation

Uphill battle for additional US money fund regulation

US authorities face a tough battle to further regulate the $2.4 trillion money market fund industry after an intense lobbying campaign and internal dissension defeated a proposal at the Securities and Exchange Commission.
Published 27 Aug, 2012 12:00am
London investors look to company earnings

London investors look to company earnings

The British stock market focuses next week on a smattering of company results in holiday-shortened trade, and will also track the latest twist and turns in the eurozone crisis saga. London's benchmark FTSE 100 index of leading share prices finished at 5,7
Published 27 Aug, 2012 12:00am
CEE forex seen retreating, leu and crown to gain later

CEE forex seen retreating, leu and crown to gain later

Analysts expect Romania's leu to outperform its Central European peers in the next 12 months according to a Reuters poll published on Thursday as political tensions which have knocked the currency down are seen easing towards the end of 2012.
Published 27 Aug, 2012 12:00am
Japan hints at South Korean bond buying freeze

Japan hints at South Korean bond buying freeze

Japan hinted Friday it could freeze its plan to buy South Korean government bonds as a deepening diplomatic rift over disputed islands threatened to spill over into economic ties. The threat came as Japan's lower house of parliament passed its first resol
Published 27 Aug, 2012 12:00am
Japan hints at South Korean bond buying freeze

Japan hints at South Korean bond buying freeze

Japan hinted Friday it could freeze its plan to buy South Korean government bonds as a deepening diplomatic rift over disputed islands threatened to spill over into economic ties. The threat came as Japan's lower house of parliament passed its first resol
Published 27 Aug, 2012 12:00am
Tokyo investors seen on sidelines

Tokyo investors seen on sidelines

Investors in the Japanese market are likely to limit trade next week ahead of US Federal Reserve chief Ben Bernanke's speech and other possible market leads. In the week to August 24, the benchmark Nikkei at the Tokyo Stock Exchange lost 1.00 percent, or
Published 27 Aug, 2012 12:00am
Nigeria eyes new Eurobond worth up to $1 billion

Nigeria eyes new Eurobond worth up to $1 billion

Nigeria is looking at issuing a Eurobond worth up to $1 billion next year to fund its power and gas sector reforms, taking advantage of the country's likely inclusion in a J. P Morgan emerging market index, the finance minister said on Friday.
Published 27 Aug, 2012 12:00am
Nigeria eyes new Eurobond worth up to $1 billion

Nigeria eyes new Eurobond worth up to $1 billion

Nigeria is looking at issuing a Eurobond worth up to $1 billion next year to fund its power and gas sector reforms, taking advantage of the country's likely inclusion in a J. P Morgan emerging market index, the finance minister said on Friday.
Published 27 Aug, 2012 12:00am
Global markets week ahead: waiting for Bernanke, Draghi - or Godot

Global markets week ahead: waiting for Bernanke, Draghi - or Godot

"We're saved!" cry Vladimir and Estragon in Samuel Beckett's allegorical play Waiting for Godot, whenever they think Godot may be approaching. Sound familiar? For Godot, just substitute the Fed and QE3 and there you have markets' joyous reaction to the sl
Published 27 Aug, 2012 12:00am
Taiwan seeks voice through renowned author

Taiwan seeks voice through renowned author

Acclaimed author Lung Yingtai felt the force of China's soft power when she spoke in New York this week on her first trip as Taiwan's culture minister aiming to win friends for the isolated island.
Published 27 Aug, 2012 12:00am
Iraq attacks kill 10 people

Iraq attacks kill 10 people

A series of attacks in and around Baghdad and in north Iraq on Sunday killed 10 people, including three soldiers and two policemen, security and medical officials said. The gun and bomb attacks took to 256 the number of people killed nation-wide so far th
Published 27 Aug, 2012 12:00am
Britain's recovering Prince Philip appears in public

Britain's recovering Prince Philip appears in public

Queen Elizabeth II's 91-year-old husband Prince Philip made his first public appearance on Sunday since he was discharged from hospital last week. Philip, who was treated for a recurrence of a bladder infection, accompanied the queen to Crathie church in
Published 27 Aug, 2012 12:00am