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Print - 2012-08-29
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 28, 2012).

Published 29 Aug, 2012 12:00am
IP gas line: Gazprom seeks major concessions

IP gas line: Gazprom seeks major concessions

Leading Russian gas exploration Company Gazprom has informed Pakistan that it is ready to build and develop Iran-Pakistan Gas Pipeline (IP) project if Pakistan government exempts it from bidding process and Public Procurement Regulatory Authority (PPRA) r
Published 29 Aug, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 28, 2012).
Published 29 Aug, 2012 12:00am
IP gas line: Gazprom seeks major concessions

IP gas line: Gazprom seeks major concessions

Leading Russian gas exploration Company Gazprom has informed Pakistan that it is ready to build and develop Iran-Pakistan Gas Pipeline (IP) project if Pakistan government exempts it from bidding process and Public Procurement Regulatory Authority (PPRA) r
Published 29 Aug, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (August 28, 2012).

Published 29 Aug, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (August 28, 2012).

Published 29 Aug, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (August 28, 2012).

Published 29 Aug, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 28, 2012).

Published 29 Aug, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 29 Aug, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 29 Aug, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 29 Aug, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 29 Aug, 2012 12:00am
Three magic words

Three magic words

I have always wondered how some communities achieve so much in transforming their raw emotions into fine manifestation of humanity. Yet many cannot even dream of determining moral codes in day to day life. Even when people think of alteration in prevalent
Published 29 Aug, 2012 12:00am
Facilitating persons with disabilities in disastrous conditions

Facilitating persons with disabilities in disastrous conditions

Facilitating Persons with Disabilities (PWDs) in Disaster Conditions is consider a very weak issue regarding Disaster Management Policies in Pakistan by the stake-holders due to lack of proper training & awareness in handling Persons with Disabilities (PW
Published 29 Aug, 2012 12:00am
Message from Chief Executive, Sindh Social Development Network

Message from Chief Executive, Sindh Social Development Network

The recent rise of disasters in Pakistan and the consequent damages to life and property have shaken the nation. These unprecedented catastrophic incidents remind us to work tirelessly to meet successfully for the future environmental challenges.
Published 29 Aug, 2012 12:00am
Message from President, Sindh Social Development Network

Message from President, Sindh Social Development Network

In fact this 1st. International Emergency Response Conference 2012, being held at Karachi, is an assessment of the level of preparedness we are at, within the context of unfortunate occurrences of manmade or natural disasters in South East Asia region, in
Published 29 Aug, 2012 12:00am
Captured Turkish journalist appears on Syrian TV

Captured Turkish journalist appears on Syrian TV

A Turkish cameraman who went missing while reporting from Syria appeared on Monday in an interview with a pro-government Syrian television channel and said he had been seized by Syrian soldiers in the northern city of Aleppo. In the video from al-Ikhbariy
Published 29 Aug, 2012 12:00am
Former Thai Prime Minister grilled over protest crackdown

Former Thai Prime Minister grilled over protest crackdown

Former Thai prime minister Abhisit Vejjajiva on Monday faced fresh questioning by investigators over a deadly military crackdown on mass opposition protests in Bangkok in 2010. Abhisit, now opposition leader, was summoned to the Justice Ministry's Departm
Published 29 Aug, 2012 12:00am
Isaac menaces US Gulf Coast seven years after Katrina

Isaac menaces US Gulf Coast seven years after Katrina

Tropical Storm Isaac closed in on the US Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting US offshore oil production as it threatened to make landfall between Florida and Louisiana as a full-blown hurricane.
Published 29 Aug, 2012 12:00am
Tanks ablaze at top Venezuela refinery; fuel prices jump

Tanks ablaze at top Venezuela refinery; fuel prices jump

A huge fire burned for a third day in two fuel storage tanks at Venezuela's biggest refinery on Monday, putting in doubt plans to quickly restart the facility after one of the worst accidents to hit the global oil industry in decades. The fire and the thr
Published 29 Aug, 2012 12:00am
Libyans protest destruction of shrines

Libyans protest destruction of shrines

Libyan activists and civil society groups on Monday urged the newly-elected parliament to intervene to protect the national heritage after Islamist hard-liners destroyed shrines across the country. In a letter addressed to the General National Congress an
Published 29 Aug, 2012 12:00am
Labour strife returns in South Africa's platinum belt

Labour strife returns in South Africa's platinum belt

Labour strife returned to South Africa's platinum sector on Monday, derailing London-based Lonmin's efforts to restart mining and fanning fears of a resurgence of the violence that has killed 44 people this month. Workers blocked colleagues from going dow
Published 29 Aug, 2012 12:00am
Court orders payout for slain Korean War activists

Court orders payout for slain Korean War activists

South Korea's top court has ordered the state to compensate families of hundreds of activists killed during the Korean War after being labelled as North Korean sympathisers, a court official said Monday. The Supreme Court ordered the state to pay up to 40
Published 29 Aug, 2012 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dipped on Monday, tumbling from an earlier five-week high, on spillover pressure from soybeans and light profit-taking, traders said. Rain from Isaac to help US wheat, but not corn, soy. November canola lost $5.00 to $628.60 pe
Published 29 Aug, 2012 12:00am
Indian sugar futures up three percent

Indian sugar futures up three percent

Indian sugar futures jumped nearly 3 percent on Tuesday on hopes festivals will boost demand for the sweetener in the coming weeks and as the market was worried over production due to poor rainfall in key cane growing areas. Additional supply of non-levy
Published 29 Aug, 2012 12:00am
US Midwest bids for soya weak, corn mixed

US Midwest bids for soya weak, corn mixed

Spot cash basis bids for soyabeans in the interior US Midwest remained soft on Monday, with values easing in a few locations following a pick-up in farmer sales last week, dealers said. Basis bids at soya crushing locations in Iowa and Indiana were down 3
Published 29 Aug, 2012 12:00am
Bangladesh tea prices up on strong demand

Bangladesh tea prices up on strong demand

Tea prices in Bangladesh rose at a weekly auction on Tuesday as strong demand from buyers outweighed higher supplies, brokers said. The average price of Bangladeshi tea was 211.09 taka ($2.50) a kg against 209.45 taka per kg at the previous sale a week ag
Published 29 Aug, 2012 12:00am
China to cut soyabean imports: Oil World

China to cut soyabean imports: Oil World

China will have to cut its giant soyabean imports in coming months because of tighter supplies after drought reduced crops in the United States and South America, Hamburg-based oilseeds analysts Oil World said on Tuesday. "For September 2012/February 2013
Published 29 Aug, 2012 12:00am
European wheat futures edge higher in thin trade

European wheat futures edge higher in thin trade

European milling wheat prices edged higher on Tuesday, pulled by a rise on US grains markets, but volumes remained thin on a lack of new fundamental news, traders said. By 1050 GMT benchmark November on Paris-based milling wheat futures was 0.4 percent hi
Published 29 Aug, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,579 tonnes of cargo comprising 91,510 tonnes of import cargo and 12,069 tonnes of export cargo including 2,363 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 91,510 ton
Published 29 Aug, 2012 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The December vaida that had closed at Rs 448.20 opened with 20 paisa loss at Rs 448.00 in process of trading, they said. The January contract
Published 29 Aug, 2012 12:00am
Spot rate lowered by Rs 50 on increased phutti arrivals

Spot rate lowered by Rs 50 on increased phutti arrivals

Bearish sentiment was seen on the cotton market on Tuesday as phutti arrivals maintained the pace but after late evening drizzling in cotton belt of Sindh may disrupt phuttiy arrivals in the near future, dealers said. Official spot rate was lowered by Rs
Published 29 Aug, 2012 12:00am
Prices higher on grain market

Prices higher on grain market

Prices maintained the rising tempo on the wholesale grain market, wheat prices having the big increaseo f Rs 300 on Tuesday in process of trading, dealers said. On the cereal side, wheat old and new gained Rs 300 to Rs 2950-2990, gur low type gained Rs 10
Published 29 Aug, 2012 12:00am
AstraZeneca names Frenchman as chief executive

AstraZeneca names Frenchman as chief executive

Anglo-Swedish drugs giant AstraZeneca on Tuesday named Frenchman Pascal Soriot, the current boss of Roche's pharmaceuticals division, as its new chief executive. "AstraZeneca today announced that Pascal Soriot has been appointed as the company's chief exe
Published 29 Aug, 2012 12:00am
Samsonite posts record first-half sales

Samsonite posts record first-half sales

US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America. The firm said net profit for the six months to June 30 leapt 400 percent to $82.3 million compared wi
Published 29 Aug, 2012 12:00am
Samsonite posts record first-half sales

Samsonite posts record first-half sales

US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America. The firm said net profit for the six months to June 30 leapt 400 percent to $82.3 million compared wi
Published 29 Aug, 2012 12:00am
Draghi skips Jackson Hole ahead of pivotal ECB meeting

Draghi skips Jackson Hole ahead of pivotal ECB meeting

European Central Bank President Mario Draghi will not attend the annual Jackson Hole meeting of central bankers at the end of this week due to a heavy workload as he gears up for a critical policymaking meeting on September 6.
Published 29 Aug, 2012 12:00am
Credit Agricole posts plunging quarterly profit

Credit Agricole posts plunging quarterly profit

Credit Agricole SA, the listed arm of the French banking group Credit Agricole, posted Tuesday a two-thirds cut in its second-quarter net profit owing to problems in Greece and Italy. Credit Agricole said profit fell by 67.4 percent to 111 million euros (
Published 29 Aug, 2012 12:00am
Credit Agricole posts plunging quarterly profit

Credit Agricole posts plunging quarterly profit

Credit Agricole SA, the listed arm of the French banking group Credit Agricole, posted Tuesday a two-thirds cut in its second-quarter net profit owing to problems in Greece and Italy. Credit Agricole said profit fell by 67.4 percent to 111 million euros (
Published 29 Aug, 2012 12:00am
Spanish recession darkens as country mulls bailout

Spanish recession darkens as country mulls bailout

The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, while the country's most economically important region, Catalonia, said it needed a major rescue from Madrid
Published 29 Aug, 2012 12:00am
Eurozone loans to private sector pick up: ECB

Eurozone loans to private sector pick up: ECB

Eurozone bank loans to the private sector, which had practically dried up in recent months, rose in July, and growth in eurozone money supply also accelerated, new data showed on Tuesday. The European Central Bank, in its regular monthly money supply data
Published 29 Aug, 2012 12:00am
Airbus wins $7 billion Philippine Air order

Airbus wins $7 billion Philippine Air order

Airbus won a $7 billion order on Tuesday from Philippine Airlines, beating Boeing to a deal marked by diplomatic lobbying as the European planemaker appeared close to another major Asian deal in China. The flag carrier plans to buy up to 100 new jets in t
Published 29 Aug, 2012 12:00am
Lexmark to dump inkjet business, shares jump

Lexmark to dump inkjet business, shares jump

Printer maker Lexmark International Inc said it will stop making inkjet printers and focus on its more profitable imaging and software businesses, sending its shares up as much as 20 percent. Lexmark, never a big player in inkjet printers, said it would c
Published 29 Aug, 2012 12:00am
Lexmark to dump inkjet business, shares jump

Lexmark to dump inkjet business, shares jump

Printer maker Lexmark International Inc said it will stop making inkjet printers and focus on its more profitable imaging and software businesses, sending its shares up as much as 20 percent. Lexmark, never a big player in inkjet printers, said it would c
Published 29 Aug, 2012 12:00am
Japan buys stake in India's infrastructure firm

Japan buys stake in India's infrastructure firm

Japan said Tuesday it would buy a major stake in an Indian company at the centre of a huge infrastructure building project, marking Tokyo's latest investment in the South Asian giant. The government-linked Japan Bank for International Co-operation would p
Published 29 Aug, 2012 12:00am
Russia ups GDP forecast

Russia ups GDP forecast

Russian's economy will grow by 3.5 percent, slightly higher than an earlier 3.4 percent forecast, Deputy Economy Minister Andrei Klepach said on Tuesday, as the average rouble exchange rate will fall below earlier expectations. "(Economic) growth should s
Published 29 Aug, 2012 12:00am
Samsung vows 'all measures' to keep products in US

Samsung vows 'all measures' to keep products in US

South Korea's Samsung Electronics vowed on Tuesday to take "all necessary measures" to keep its products on US store shelves, in response to Apple's request for a ban on sales of some smartphones. After winning a $1.05 billion US court judgement in a pate
Published 29 Aug, 2012 12:00am
US home prices gain, consumer mood cools

US home prices gain, consumer mood cools

US home prices rose for the fifth consecutive month in June, a fresh sign of improvement as the recovery in the housing market picks up steam. But in a reminder of how fragile the broader economy remains, another measure of consumers' economic views relea
Published 29 Aug, 2012 12:00am
Cairn Energy posts tumbling net profits

Cairn Energy posts tumbling net profits

Cairn Energy said Tuesday that net profits slumped in the first half of 2012, compared with the same part of last year when it was boosted by the sale of most of its Indian division to Vedanta. Edinburgh-based Cairn said in a results statement that its ea
Published 29 Aug, 2012 12:00am
Cairn Energy posts tumbling net profits

Cairn Energy posts tumbling net profits

Cairn Energy said Tuesday that net profits slumped in the first half of 2012, compared with the same part of last year when it was boosted by the sale of most of its Indian division to Vedanta. Edinburgh-based Cairn said in a results statement that its ea
Published 29 Aug, 2012 12:00am
Indian shares remain down

Indian shares remain down

Indian shares fell on Tuesday for a third straight session, as banks were again hit by continued talk that quarterly growth data would come below expectations, while metal stocks such as Jindal Steel extended a slump on concerns about slowing demand. Shar
Published 29 Aug, 2012 12:00am
Nikkei average hits two-week low

Nikkei average hits two-week low

The Nikkei average fell to a two-week closing low on Tuesday as some investors made bearish bets after a recent strong run and as concerns over China's economic growth outweighed expectations the US Federal Reserve will soon launch more stimulus. The Nikk
Published 29 Aug, 2012 12:00am
Tuesday early afternoon trade: stocks little changed

Tuesday early afternoon trade: stocks little changed

US stocks were little changed in light trading on Tuesday as mixed data gave investors little indication whether Federal Reserve Chairman Ben Bernanke might signal more economic stimulus from the Fed when he speaks on Friday. The Dow Jones industrial aver
Published 29 Aug, 2012 12:00am
Wall Street flat; Apple reaches another high

Wall Street flat; Apple reaches another high

Shares of Apple climbed to another record on Monday, keeping the Nasdaq index afloat in the lowest trading volume of the year, with investors looking ahead to a key speech by Federal Reserve Chairman Ben Bernanke on Friday. Apple Inc hit an all-time high
Published 29 Aug, 2012 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 1.42 percent on Tuesday, with Apple supplier Hon Hai Precision shedding 3.8 percent after an affiliate posted its worst ever first-half loss. The main TAIEX index ended down 106.28 points at 7,361.94, with panel makers and other electri
Published 29 Aug, 2012 12:00am
Treasury yields decline

Treasury yields decline

US Treasury debt yields fell on Monday as investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third debt purchase programme when he speaks at the end of the week. Investors are awaiting Bernanke's highly anticipated speech on
Published 29 Aug, 2012 12:00am
Treasury yields decline

Treasury yields decline

US Treasury debt yields fell on Monday as investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third debt purchase programme when he speaks at the end of the week. Investors are awaiting Bernanke's highly anticipated speech on
Published 29 Aug, 2012 12:00am
Southeast Asia stocks most down

Southeast Asia stocks most down

Most Southeast Asian stock markets fell slightly in a lacklustre session on Tuesday as investors trimmed positions in risky assets amid worries about global growth, with Vietnam coming off the day's low as beaten-down bank stocks rebounded after recent se
Published 29 Aug, 2012 12:00am
Hong Kong shares steady, China bounces off 3-1/2 years low

Hong Kong shares steady, China bounces off 3-1/2 years low

Hong Kong shares eked out their first gain in three days on Tuesday, lifted by defensive stocks, as turnover fell to near 2012 lows ahead of a meeting of central bankers late this week. Mainland Chinese markets, which touched 3-1/2 year lows in the mornin
Published 29 Aug, 2012 12:00am
European shares fall on growth, debt concerns

European shares fall on growth, debt concerns

European shares had their worst one-day fall in five sessions on Tuesday as concerns over the global economy and euro zone debt crisis, highlighted by bleak figures from Spain, weighed on equity markets. The FTSEurofirst 300 index closed down 0.7 percent
Published 29 Aug, 2012 12:00am
Australian shares steady

Australian shares steady

Australian shares rose 0.4 percent on Tuesday, shored up by banks and safe-haven healthcare stocks, while miners were under pressure on uncertainty over global growth. Coming out of the reporting season, investors have been picking up banks, utilities and
Published 29 Aug, 2012 12:00am
Seoul stocks slip; Samsung group shares rebound

Seoul stocks slip; Samsung group shares rebound

Seoul shares inched down Tuesday as investors largely stayed on the sidelines to await a global gathering of central bankers late this week for clues about further stimulus plans. The Korea Composite Stock Price Index (KOSPI) fell 0.08 percent to close at
Published 29 Aug, 2012 12:00am
UK's top share index marginally down; volume thin

UK's top share index marginally down; volume thin

Britain's top share index ended flat on Tuesday, with the market stagnating as expectations for economic stimulus measures were countered by concerns over global growth, which was reinforced by gloomy forecasts from Japan. The government in Tokyo cut its
Published 29 Aug, 2012 12:00am
Sterling falls to three-week low against euro

Sterling falls to three-week low against euro

Sterling fell to a three-week low against the euro on Tuesday as investors bought the single currency to meet month-end commitments, while the soft UK economic outlook meant the pound also struggled against the dollar. A quarterly poll by the Confederatio
Published 29 Aug, 2012 12:00am
Euro slips, yen gains broadly in Asia

Euro slips, yen gains broadly in Asia

The euro sagged against the dollar while the yen gained broadly as market players trimmed their long positions in risk currencies ahead of a central bankers' meeting later in the week. The Australian dollar hit a one-month low against the dollar and the y
Published 29 Aug, 2012 12:00am
Euro rises in London

Euro rises in London

The euro rose on Tuesday on bets the European Central Bank would take decisive action to tackle the debt crisis in coming weeks, although gains were seen limited in the absence of concrete details. Market players also trimmed long dollar positions after a
Published 29 Aug, 2012 12:00am
Early trade in New York: Euro climbs versus dollar

Early trade in New York: Euro climbs versus dollar

The euro rose against the dollar for the first time in three days on Tuesday, buoyed by hopes of bond-buying by the European Central Bank to contain the debt crisis and expectations of further easing by the Federal Reserve. Investors awaited key events in
Published 29 Aug, 2012 12:00am
Euro falls in New York

Euro falls in New York

The euro fell against the dollar on Monday in thin trading after a bigger-than-expected drop in German business sentiment even as it raised hopes in some that the euro zone's largest economy will do more to revive the bloc's growth. Sentiment toward the e
Published 29 Aug, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.70-81.72 (previous 81.60-81.72). Call Money Rates: 08.00-10.75 percent (previous 12.00-12.00 percent).
Published 29 Aug, 2012 12:00am
Australian and New Zealand dollars tumble

Australian and New Zealand dollars tumble

The Australian and New Zealand dollars ground to multi-week lows on Tuesday, weighed by persistent global growth concerns with investors waiting for concrete action from policymakers in the United States and Europe. The Aussie dollar plumbed one-month low
Published 29 Aug, 2012 12:00am
Ringgit, peso lead slides

Ringgit, peso lead slides

Emerging Asian currencies slid on Tuesday as investors scaled back expectations that a meeting of central bankers in the United States this week would provide a firm clue about stimulus measures, and cut exposure to assets seen as risky. Concerns about sl
Published 29 Aug, 2012 12:00am
Spot yuan rises

Spot yuan rises

Spot yuan closed firmer on Tuesday as the dollar index dropped in intraday trade, but investors offshore and onshore anticipate the Chinese currency will weaken further in the next 12 months. Before trade began, the People's Bank of China (PBOC) set the y
Published 29 Aug, 2012 12:00am
Indian rupee unchanged

Indian rupee unchanged

The Indian rupee ended almost unchanged on Tuesday, snapping a two-day losing streak as gains in the euro provided support, although worries about a slowing domestic economy continued to weigh on the currency. India is expected to post April-June growth o
Published 29 Aug, 2012 12:00am
Federer rolls on, Murray struggles at US Open

Federer rolls on, Murray struggles at US Open

World No 1 Roger Federer launched his quest for an 18th career Grand Slam title by defeating American Donald Young 6-3, 6-2, 6-4 on Monday to reach the second round of the US Open. The 31-year-old Swiss star, seeking a record sixth title on the Flushing M
Published 29 Aug, 2012 12:00am
Pakistan women cricket team for World T20 announced

Pakistan women cricket team for World T20 announced

Pakistan Cricket Board (PCB) women's wing Tuesday announced a 14-member squad of women cricketers for the ICC World Twenty20, 2012 scheduled to be played in Sri Lanka from September 26. Sana Mir, Syeda Nain Fatima Abidi have been named as captain and vice
Published 29 Aug, 2012 12:00am
Radwanska, Ivanovic cruise

Radwanska, Ivanovic cruise

Wimbledon runner-up Agnieszka Radwnaska and former world number one Ana Ivanovic breezed into the US Open second round on Tuesday as both women look to bury their woeful Flushing Meadows records. Polish second seed Radwanska and Ivanovic, the 12th-seeded
Published 29 Aug, 2012 12:00am
Djokovic favourite, not me, says Federer

Djokovic favourite, not me, says Federer

Roger Federer began his campaign for a record sixth US Open with an easy 6-3, 6-2, 6-4 win over America's Donald Young, but insisted Novak Djokovic remains hot favourite to deny him an 18th major. Top seed Federer, playing in his 52nd consecutive Grand Sl
Published 29 Aug, 2012 12:00am
IPL loses its title sponsor

IPL loses its title sponsor

The Indian Premier League has lost its title sponsor after real estate giant DLF declined to renew its five-year deal, a company spokesman said on Tuesday. "We have just stepped off the IPL," DLF group executive director Rajeev Talwar told the Press Trust
Published 29 Aug, 2012 12:00am
Falcao mauls Bilbao, Valladolid sink Levante

Falcao mauls Bilbao, Valladolid sink Levante

Radamel Falcao inflicted another mauling on Athletic Bilbao when he netted a fine hat-trick for Atletico Madrid in a crushing 4-0 home win in La Liga on Monday. The Colombia striker known as the tiger took his tally against the Basque club to seven in thr
Published 29 Aug, 2012 12:00am
New Zealand bowling coach to step down

New Zealand bowling coach to step down

New Zealand faced a fresh upheaval Tuesday with bowling coach Damien Wright announcing he will quit after the World Twenty20 tournament in Sri Lanka next month. Wright has resigned four months after former head coach John Wright rejected an offer to exten
Published 29 Aug, 2012 12:00am
World snooker champ hit with suspended fine

World snooker champ hit with suspended fine

Four-time world champion Ronnie O'Sullivan was given a suspended fine and a warning by snooker's governing body on Tuesday after being found guilty of failing to attend tournaments. O'Sullivan, who won the world title in 2001, 2004, 2008 and 2012, was cha
Published 29 Aug, 2012 12:00am
Pirates hijack tanker off Togo

Pirates hijack tanker off Togo

Pirates hijacked a Greek-owned oil tanker off Togo on Tuesday in the second attack in less than two weeks in the Gulf of Guinea, the International Maritime Bureau said. The Isle of Man-flagged vessel, which had 24 crew on board and was carrying gas oil, w
Published 29 Aug, 2012 12:00am
Three killed in Mombasa riots

Three killed in Mombasa riots

Two Kenyan police officers and a civilian were killed when rioters hurled a grenade at officers in the port city of Mombasa on Tuesday after two days of violence over the killing of a radical Muslim cleric. Mobs of youths had fired at police with machineg
Published 29 Aug, 2012 12:00am
Iraq announces 21 executions in single day

Iraq announces 21 executions in single day

Iraq has executed 21 people convicted of terror-related charges, including three women, on the same day, a spokesman said on Tuesday, bringing to 91 the number of people executed so far this year. The executions come despite a call from the UN's human rig
Published 29 Aug, 2012 12:00am
Sonia Gandhi slams opposition MPs over deadlock

Sonia Gandhi slams opposition MPs over deadlock

Sonia Gandhi, the president of India's ruling Congress party, on Tuesday upped the stakes in a six-day parliamentary stand-off that has paralysed government plans to revive the slowing economy. Gandhi, the grand matriarch of Indian politics, attacked the
Published 29 Aug, 2012 12:00am
Syria refugee exodus raises pressure for buffer zone

Syria refugee exodus raises pressure for buffer zone

Syria's refugee exodus is accelerating and up to 200,000 people could settle in Turkey alone if the conflict worsens, the United Nations warned on Tuesday, increasing pressure for creation of a buffer zone inside Syria. Turkey has floated the idea of a "s
Published 29 Aug, 2012 12:00am
Nato names Norwegian 'ambassador for women'

Nato names Norwegian 'ambassador for women'

Nato named a female Norwegian diplomat on Tuesday in a new role created at the nuclear-armed military alliance to promote the role of women in ending conflict. Mari Skare, already an envoy to Nato, was named Special Representative for Women, Peace and Sec
Published 29 Aug, 2012 12:00am
Nato transition in Afghanistan 'irreversible': top commander

Nato transition in Afghanistan 'irreversible': top commander

The transfer of security control from a US-led international mission to Afghan troops has reached an irreversible phase, a top Nato commander said Tuesday, as he outlined moves to stem insider attacks on Nato forces. "We have now reached a phase where the
Published 29 Aug, 2012 12:00am
Female suicide bomber kills six in Russia's Dagestan

Female suicide bomber kills six in Russia's Dagestan

A female suicide bomber posing as a pilgrim killed a top Islamic scholar and at least five others in Russia's restive Muslim region of Dagestan. President Vladimir Putin immediately reacted saying such attacks would fail to undermine Russia's spirit of re
Published 29 Aug, 2012 12:00am
Shell shuts, cuts rates at some US Gulf operations

Shell shuts, cuts rates at some US Gulf operations

Shell Oil, one of the largest oil and gas operators along the US Gulf of Mexico, said on Tuesday it shut in several key crude pipelines and terminals ahead of Hurricane Isaac and was in the process of an orderly shutdown at two other plants. Shell also sa
Published 29 Aug, 2012 12:00am
Isaac revs up to hurricane force near New Orleans

Isaac revs up to hurricane force near New Orleans

Tropical Storm Isaac strengthened into a hurricane just off the US Gulf Coast on Tuesday as it churned toward landfall in the New Orleans area seven years after the city was devastated by Hurricane Katrina. Isaac's winds, rain and storm surge could pose a
Published 29 Aug, 2012 12:00am
Clinton to visit China, Pacific islands on Asia tour

Clinton to visit China, Pacific islands on Asia tour

US Secretary of State Hillary Clinton will hold talks in China and become the first top US diplomat to visit East Timor and a Pacific island summit on an 11-day Asia trip, officials said Tuesday. Clinton's latest trip comes as the United States puts a gre
Published 29 Aug, 2012 12:00am
Court clears Israeli army over death of US activist

Court clears Israeli army over death of US activist

An Israeli court on Tuesday cleared Israel's military of any blame for the death of American activist Rachel Corrie, who was crushed by an army bulldozer during a pro-Palestinian demonstration in Gaza. Corrie's family had accused Israel of intentionally a
Published 29 Aug, 2012 12:00am