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Print - 2012-09-12
European wheat edges up on supply concerns

European wheat edges up on supply concerns

European wheat prices edged higher on Monday on renewed concerns about tight supplies following reports of drought damage to the Australian wheat crop, but a strong euro was keeping a lid on prices, traders said. By 1459 GMT, front month November in Paris
Published 12 Sep, 2012 12:00am
Oil cake market rates

Oil cake market rates

Both the contracts were higher on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The December vaida closed at Rs 446.50 and ended with a gain of 20 paisa at Rs 446.70, they said. The January contract ended at Rs 896
Published 12 Sep, 2012 12:00am
Modest activity on cotton market

Modest activity on cotton market

A slow trading activity was witnessed on the cotton market on Tuesday as mills preferred to keep on the sidelines due to quality factor, dealers said. Official spot rate was unchanged at Rs 5650, they said. Prices of seedcotton in Sindh and the Punjab wer
Published 12 Sep, 2012 12:00am
Small business on grain market

Small business on grain market

A slow business activity was seen on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Barley Sindh and Mardan, Makai low type was unchanged at Rs 2600 while the best quality shed Rs 25 to Rs 2625,
Published 12 Sep, 2012 12:00am
Ukraine's wheat exports likely to fall from November

Ukraine's wheat exports likely to fall from November

Ukraine's monthly wheat exports will fall sharply starting from November or December as traders deplete the agreed quota aimed at ensuring stable local bread prices after a fall in 2012 wheat output, the Agriculture Ministry said on Tuesday. "The contract
Published 12 Sep, 2012 12:00am
Pain prescribed as Deutsche duo slice jobs, bonuses

Pain prescribed as Deutsche duo slice jobs, bonuses

Deutsche Bank is to axe more jobs, cut bonuses and sell assets to meet tougher capital rules, its new chief executives said on Tuesday as they pledged to end a risk-taking culture driven by short-term gain.
Published 12 Sep, 2012 12:00am
Pain prescribed as Deutsche duo slice jobs, bonuses

Pain prescribed as Deutsche duo slice jobs, bonuses

Deutsche Bank is to axe more jobs, cut bonuses and sell assets to meet tougher capital rules, its new chief executives said on Tuesday as they pledged to end a risk-taking culture driven by short-term gain.
Published 12 Sep, 2012 12:00am
Pound rallies versus dollar

Pound rallies versus dollar

Sterling rose to a four-month high against a broadly weaker dollar on Tuesday on prospects of more US monetary easing and after a warning on US debt by Moody's Investors Service. Moody's said the United States could lose its triple-A debt rating if next y
Published 12 Sep, 2012 12:00am
Euro little changed in Asia

Euro little changed in Asia

The euro hovered below a near-four-month peak against the dollar on Tuesday as traders grew wary after the currency's sharp gains late last week and ahead of key events in Europe and the United States. The euro traded at $1.2761, little changed from late
Published 12 Sep, 2012 12:00am
Euro rises in London

Euro rises in London

The euro hit a near four-month highs against the dollar on Tuesday on expectations a German court will back the euro zone bailout fund and speculation the US Federal Reserve will ease monetary policy further. Gains were seen likely to be capped by the out
Published 12 Sep, 2012 12:00am
Early trade in New York: Dollar falls versus majors as Fed

Early trade in New York: Dollar falls versus majors as Fed

The US dollar fell against most major currencies on Tuesday on expectations the Federal Reserve will soon unveil new economic stimulus measures and losses accelerated after Moody's Investors Service raised fears about a credit rating downgrade of the Unit
Published 12 Sep, 2012 12:00am
Euro falls first time in four days

Euro falls first time in four days

The euro dropped against the dollar for the first time in four days on Monday, a direction that could prove to be transitory given elevated expectations that the US Federal Reserve will unveil new stimulus measures to bolster the economy this week. The eu
Published 12 Sep, 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. 81.84-81.85 (previous 81.79-81.85). Call Money Rates: 10.00-10.00 percent (previous 05.00-11.25 percent).
Published 12 Sep, 2012 12:00am
Australian, New Zealand dollar ease

Australian, New Zealand dollar ease

The Australian dollar eased a fraction on Tuesday as the market held its breath ahead of a ruling on the euro zone's bailout fund and a US Federal Reserve policy decision that could set the path for global markets for weeks to come. The Aussie marked time
Published 12 Sep, 2012 12:00am
Singapore dollar leads gains

Singapore dollar leads gains

Most emerging Asian currencies rose on Tuesday, tracking the euro's rise following a German court decision that it will rule on euro zone's bailout funds this week as scheduled, despite a legal challenge by a lawmaker. The Singapore dollar hit a one-year
Published 12 Sep, 2012 12:00am
Yuan ends flat

Yuan ends flat

The Chinese yuan closed flat in range-bound trade on Tuesday near the official midpoint after the dollar recovered some ground following falls on expectations of further monetary easing steps by the US Federal Reserve. The Chinese central bank fixed the y
Published 12 Sep, 2012 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Tuesday on hopes the government would kick-start long-awaited fiscal reforms by hiking fuel prices, but further gains were prevented by dollar demand from oil firms and a week full of key events. "The outlook for the rest
Published 12 Sep, 2012 12:00am
UEFA withholds prize money from 23 clubs

UEFA withholds prize money from 23 clubs

Europa League winners Atletico Madrid were among 23 clubs to have prize money withheld as European soccer's governing body UEFA revealed the first sanctions under its financial fair play rules on Tuesday. The measures were announced as members of the Euro
Published 12 Sep, 2012 12:00am
PFF to hold 'D' Certificate course for Punjab

PFF to hold 'D' Certificate course for Punjab

Pakistan Football Federation (PFF), in line with its emphasis on Youth Development Programme is hosting PFF 'D' Certificate Football Coaching Course for Punjab province at Government Boys College, Fareed Town, Sahiwal.
Published 12 Sep, 2012 12:00am
New Zealand beat India

New Zealand beat India

New Zealand defeated India by one run in the second Twenty20 international at the Chidambaram stadium in Chennai on Tuesday. India, chasing New Zealand's 167-5, were restricted to 166-4 despite Virat Kohli's 70 off 41 balls. Indian all-rounder Yuvraj Sing
Published 12 Sep, 2012 12:00am
Miandad to assist Pakistan batsmen before World Twenty20

Miandad to assist Pakistan batsmen before World Twenty20

Pakistan's former test captain and prolific batsman Javed Miandad will join the national team in Sri Lanka to give batting tips ahead of the World Twenty20 this month. "He has been given a special assignment for a short period before the start of the Worl
Published 12 Sep, 2012 12:00am
Chasing still a concern, says Hafeez

Chasing still a concern, says Hafeez

Pakistan captain Mohammad Hafeez Tuesday urged his team to improve while chasing ahead of next week's World Twenty20, saying it was a concern despite winning against Australia. "There is a concern in chasing a target but I am confident that we will improv
Published 12 Sep, 2012 12:00am
Australia post thumping win, Pakistan take series

Australia post thumping win, Pakistan take series

Australia brought Pakistan down to earth with a thumping 94-run defeat in the third and final Twenty20 international at Dubai Stadium here on Monday. Chasing a daunting 169-run target, Pakistan were all out for 74 - the joint lowest by a Test playing coun
Published 12 Sep, 2012 12:00am
Lebanon stun Iran

Lebanon stun Iran

Lebanon recorded one of their greatest soccer victories when they stunned three-times Asian champions Iran 1-0 in Beirut on Tuesday to throw open World Cup qualifying Group A. Roda Antar was the match winner, with the creative midfielder's 28th-minute str
Published 12 Sep, 2012 12:00am
Mendis pledges to bowl all five variations in Twenty20

Mendis pledges to bowl all five variations in Twenty20

Sri Lanka spinner Ajantha Mendis has promised to deliver all five of his bowling variations in the Twenty20 World Cup tournament which begins next Tuesday. Mendis, who holds the best bowling figures in the T20 format with 6-16 from four overs against Aust
Published 12 Sep, 2012 12:00am
West Indies expect Narine to play big role in World Twenty20

West Indies expect Narine to play big role in World Twenty20

West Indies are banking on off-spinner Sunil Narine playing an important role in the World Twenty20 on the dusty pitches of Sri Lanka this month. West Indies last got their hands on ICC silverware when they won the Champions Trophy in 2004. "We have the b
Published 12 Sep, 2012 12:00am
Murray wins US Open epic, ends 76-year UK agony

Murray wins US Open epic, ends 76-year UK agony

History-making Andy Murray ended Britain's 76-year wait for a men's Grand Slam champion when he beat 2011 winner Novak Djokovic 7-6 (12/10), 7-5, 2-6, 3-6, 6-2 in an epic US Open final on Monday. Murray became Britain's first major champion since Fred Per
Published 12 Sep, 2012 12:00am
Australian shares drop

Australian shares drop

Australian stocks slipped 0.2 percent in subdued trade as investors waited a verdict on Europe's bailout mechanism and this week's US Federal Reserve meeting. Germany's Constitutional Court will rule on Wednesday whether the European Stability Mechanism (
Published 12 Sep, 2012 12:00am
Nikkei average sags

Nikkei average sags

Japan's Nikkei average sagged on Tuesday as investors cut their exposure to exporters and riskier stocks, awaiting a ruling from German's constitutional court on the legality of the European bailout fund and the US Federal Reserve policy meeting this week
Published 12 Sep, 2012 12:00am
Wall Street drops

Wall Street drops

Wall Street stocks fell on Monday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. The benchmark S&P 500 index closed at highs la
Published 12 Sep, 2012 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most Southeast Asian stock markets edged down for a second day on Tuesday with Malaysia falling to a more than two-month closing low as investors waited for cues from a US Federal Reserve meeting and a German ruling on the euro zone's new bailout fund. Ma
Published 12 Sep, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasuries prices rose on Monday as a sell-off on Wall Street stocks overshadowed inflation worries about the Federal Reserve possibly buying more bonds and jitters that a wave of corporate bond deals might cut demand for government debt.
Published 12 Sep, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasuries prices rose on Monday as a sell-off on Wall Street stocks overshadowed inflation worries about the Federal Reserve possibly buying more bonds and jitters that a wave of corporate bond deals might cut demand for government debt.
Published 12 Sep, 2012 12:00am
Indian shares rise

Indian shares rise

Indian shares rose for a fifth consecutive session to a three-week closing high on rising hopes for fiscal reforms after Oil Minister S. Jaipal Reddy said India will have to hike the price of heavily subsidised fuels such as diesel in the near term. State
Published 12 Sep, 2012 12:00am
Banks lead European shares up; Deutsche Bank rallies

Banks lead European shares up; Deutsche Bank rallies

European shares edged higher on Tuesday, with Deutsche Bank leading a rally among euro zone lenders after saying it would not ask shareholders for more cash to strengthen its capital base. Shares in Germany's top bank rose 4.1 percent in heavy trading as
Published 12 Sep, 2012 12:00am
Seoul shares extend falls

Seoul shares extend falls

Seoul shares fell for a second day in a row on Tuesday as investors took profit after a sharp rally late last week, and before a key German ruling on the euro zone's bailout funds and a US Federal Reserve meeting this week. The Korea Composite Stock Price
Published 12 Sep, 2012 12:00am
Hong Kong shares up; China snaps three-day stimulus rally

Hong Kong shares up; China snaps three-day stimulus rally

Hong Kong shares closed higher on Tuesday to advance for a fourth straight day, tracking gains in European markets after a German court said it would rule on the legality of the European bailout fund as scheduled on Wednesday. The Hang Seng Index reversed
Published 12 Sep, 2012 12:00am
UK's top share index flat

UK's top share index flat

Britain's top share index pared early losses to end flat on Tuesday, with uncertainty regarding the outcome of a German court ruling on the euro zone's bailout fund and the US Fed's likely stimulus plans prompting investors to avoid strong bets. However,
Published 12 Sep, 2012 12:00am
Unemployment rate in rich countries edges up: OECD

Unemployment rate in rich countries edges up: OECD

The unemployment rate in advanced countries edged up to 8.0 percent in July from 7.9 percent in June, with young people in the front line of the jobless queues, the OECD said on Tuesday. This meant that in the OECD area, 47.9 million people were ranked as
Published 12 Sep, 2012 12:00am
Gas giant Turkmenistan scouts Latvia for EU trade

Gas giant Turkmenistan scouts Latvia for EU trade

The president of gas-rich Turkmenistan on Tuesday said his ex-Soviet state was eying the ports of European Union member Latvia as part of a new export corridor for its huge natural energy resources. As he kicked off a two-day state visit to Latvia, Presid
Published 12 Sep, 2012 12:00am
Palestinian Prime Minister slashes fuel prices, VAT after protests

Palestinian Prime Minister slashes fuel prices, VAT after protests

Palestinian prime minister Salam Fayyad on Tuesday announced cuts to fuel prices and VAT after more than a week of protests across the West Bank over the spiralling cost of living. But the head of the government workers' union rejected the measures as "di
Published 12 Sep, 2012 12:00am
Greek 'human chain' protest delays talks with lenders

Greek 'human chain' protest delays talks with lenders

Greek trade unionists protesting against austerity measures formed a human chain to block the entrance to the Labour Ministry on Tuesday, delaying talks with Greece's foreign lenders. Dozens from the Communist-affiliated PAME group unfurled banners readin
Published 12 Sep, 2012 12:00am
EU, IMF give Portugal more time to meet deficit goals

EU, IMF give Portugal more time to meet deficit goals

The European Union and IMF agreed on Tuesday to ease budget goals imposed on Portugal under a 78-billion-euro bailout deal, giving Lisbon more time to meet the targets as its economy slides deeper into recession. A "troika" of inspectors from the European
Published 12 Sep, 2012 12:00am
Tata Motors enters Indonesia

Tata Motors enters Indonesia

India's leading vehicle maker Tata Motors announced Tuesday it had set up a wholly owned Jakarta-based subsidiary, PT Tata Motors Indonesia, to start selling vehicles next year. "Our research is showing that there is a large opportunity for Tata vehicles
Published 12 Sep, 2012 12:00am
Lufthansa passenger numbers flying high in August

Lufthansa passenger numbers flying high in August

Lufthansa, Germany's number one airline, said Tuesday it carried 9.628 million passengers in August, 3.1 percent more than during the same month last year. Lufthansa - which also owns Austrian Airlines and SWISS - said that the number of passengers on Luf
Published 12 Sep, 2012 12:00am
IMF says benefits of financial reform outweigh costs

IMF says benefits of financial reform outweigh costs

Tough new global financial rules will nudge up credit costs, but the slight drag they will place on major economies is worth it to achieve a more stable financial system, the International Monetary Fund said on Tuesday. In a study examining the impact of
Published 12 Sep, 2012 12:00am
Canada's trade deficit hits record in July; exports slide

Canada's trade deficit hits record in July; exports slide

Canada had its biggest trade deficit on record in July as both exports and imports fell in an unexpectedly dismal performance that raised doubts about the economy's resilience in the face of persistent weakness in the United States and Europe. The deficit
Published 12 Sep, 2012 12:00am
German top court rejects delay to euro ruling

German top court rejects delay to euro ruling

Germany's Constitutional Court will go ahead with a long-awaited ruling on Wednesday on the legality of the euro zone's new permanent bailout fund and budget rules, despite a last-minute legal challenge by a member of parliament.
Published 12 Sep, 2012 12:00am
McDonald's sales rebound

McDonald's sales rebound

McDonald's Corp's monthly sales rebounded in August after the world's biggest hamburger chain used its low-cost menus to wrestle market share back from resurgent rivals like Burger King World-wide Inc and Wendy's Co McDonald's said on Tuesday that global
Published 12 Sep, 2012 12:00am
McDonald's sales rebound

McDonald's sales rebound

McDonald's Corp's monthly sales rebounded in August after the world's biggest hamburger chain used its low-cost menus to wrestle market share back from resurgent rivals like Burger King World-wide Inc and Wendy's Co McDonald's said on Tuesday that global
Published 12 Sep, 2012 12:00am
Moody's warns could lower US triple-A rating

Moody's warns could lower US triple-A rating

Moody's warned Tuesday it could strip the United States of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden. "Budget negotiations during the 2013 Congressional legislative session will l
Published 12 Sep, 2012 12:00am
US trade gap widens as exports to Europe slump

US trade gap widens as exports to Europe slump

The US trade gap grew slightly in July as Europe's economic travails hit exports. But a drop in oil prices cut the import bill, and helped bring the trade deficit in below economists' expectations. The shortfall in trade edged up to $42 billion from $41.9
Published 12 Sep, 2012 12:00am
Indian police crack down on nuclear plant protesters

Indian police crack down on nuclear plant protesters

Police in southern India on Tuesday arrested dozens of activists accused of leading violent protests against the loading of uranium at a new nuclear power plant. One fisherman was shot dead by police on Monday as hundreds of protesters clashed with armed
Published 12 Sep, 2012 12:00am
Yemen minister survives car bomb, 12 killed

Yemen minister survives car bomb, 12 killed

Yemeni Defence Minister Mohammed Nasser Ahmed survived a car bomb that hit his convoy on Tuesday killing 12 people, a day after the army announced killing al Qaeda's branch number two. More than 200,000 Yemenis, meanwhile, rallied in the capital demanding
Published 12 Sep, 2012 12:00am
Doha forum urges mechanism to recover frozen Arab assets

Doha forum urges mechanism to recover frozen Arab assets

A forum on recovering frozen assets of fallen Arab autocrats held in Qatar Tuesday called for a mechanism to deliver the wealth to the new post-Arab Spring governments. The Qatari head of the inaugural meeting of the Forum on Asset Recovery said that new
Published 12 Sep, 2012 12:00am
Jailed Indian cartoonist granted bail

Jailed Indian cartoonist granted bail

A court in Mumbai granted bail on Tuesday to an Indian cartoonist whose arrest on sedition charges over his work lampooning the government has triggered outrage, media reports said. The Press Trust of India reported that Aseem Trivedi, a freelance cartoon
Published 12 Sep, 2012 12:00am
Actress Jolie urges international help for Syrians refugees

Actress Jolie urges international help for Syrians refugees

Hollywood star and UN special envoy Angelina Jolie urged the world on Tuesday to help Syrians fleeing the conflict in their country as she visited a refugee camp in Jordan. UN High Commissioner for Refugees Antonio Guterres and Jordanian Foreign Minister
Published 12 Sep, 2012 12:00am
War crimes by both sides increasing in Syria: EU

War crimes by both sides increasing in Syria: EU

As the fighting in Syria gets worse, forces loyal to Syrian President Bashar al-Assad and rebels determined to oust him are committing an increasing number of violations of international humanitarian law, the EU humanitarian chief said on Tuesday.
Published 12 Sep, 2012 12:00am
Navy SEAL's book endangers US forces: Panetta

Navy SEAL's book endangers US forces: Panetta

Pentagon chief Leon Panetta on Tuesday denounced a book by a US Navy SEAL about the raid that killed Osama bin Laden, saying it was an unacceptable breach of secrecy that could jeopardise future operations and the safety of American troops. Panetta, in hi
Published 12 Sep, 2012 12:00am
If Iran builds bomb, US has a year to act: Panetta

If Iran builds bomb, US has a year to act: Panetta

The United States would have about a year to take action if Iran decided to build nuclear weapons and the American military is well-prepared if the moment comes, Defence Secretary Leon Panetta said in a television interview Tuesday. The Pentagon chief tol
Published 12 Sep, 2012 12:00am
Japan buys disputed islands; China sends patrol ships

Japan buys disputed islands; China sends patrol ships

Japan brushed off stern warnings by China and bought a group of islands on Tuesday that both claim, in a growing dispute that threatens to deepen strains between Asia's two biggest economies. Chinese official media said Beijing had sent two patrol ships t
Published 12 Sep, 2012 12:00am
Yemen sacks ousted president's security chiefs

Yemen sacks ousted president's security chiefs

Yemeni President Abdrabuh Mansur Hadi sacked top security chiefs considered loyal to ousted leader Ali Abdullah Saleh in a reshuffle announced on state television on Tuesday. Among those removed from their posts was the head of the country's National Secu
Published 12 Sep, 2012 12:00am
Egypt protesters tear down US embassy flag on 9/11

Egypt protesters tear down US embassy flag on 9/11

Thousands of Egyptian demonstrators tore down the Stars and Stripes at the US embassy in Cairo on Tuesday and replaced it with an Islamic flag on the anniversary of the September 11, 2001 attacks in the United States, an AFP photographer reported.
Published 12 Sep, 2012 12:00am
US earns $15 billion on AIG bailout: Treasury

US earns $15 billion on AIG bailout: Treasury

The US government has raked in $15.1 billion in profits on its massive rescue of insurer AIG, the Treasury said Tuesday in a rebuff to critics of the 2008-2009 bailout of the finance industry. The massive AIG rescue deal, using $182 billion of taxpayer fu
Published 12 Sep, 2012 12:00am
Britain's top policeman quizzed over Harry nude pics

Britain's top policeman quizzed over Harry nude pics

Prince Harry's protection officers cannot intrude into his social life, Britain's top policeman said Tuesday as he was quizzed over the nude photos of the third-in-line to the throne. Metropolitan Police commissioner Bernard Hogan-Howe told lawmakers that
Published 12 Sep, 2012 12:00am
White House denies report

White House denies report

The White House on Tuesday denied President Barack Obama had refused a request to meet Israeli Prime Minister Benjamin Netanyahu in New York this month, saying their schedules do not coincide. Both Obama and Netanyahu, who have had an uneasy relationship,
Published 12 Sep, 2012 12:00am
US rejects Netanyahu meeting request

US rejects Netanyahu meeting request

The White House has rejected a request by Prime Minister Benjamin Netanyahu to meet President Barack Obama in the United States this month, an Israeli official said on Tuesday, after a row erupted between the allies over Iran's nuclear programme.
Published 12 Sep, 2012 12:00am
New York cotton futures fall

New York cotton futures fall

US cotton futures fell on Tuesday for the second day, in thin and cautious dealing ahead of government crop data and a Federal Reserve policy decision, traders said. The US Department of Agriculture is due to release on Wednesday its September crop produc
Published 12 Sep, 2012 12:00am
Shanghai copper rallies

Shanghai copper rallies

The most-traded December copper contract on the Shanghai Futures Exchange rallied 0.41 percent to end at 58,360 yuan ($9,200) a tonne on Tuesday, having earlier hit 58,370, the highest since April 10.
Published 12 Sep, 2012 12:00am
Copper moves up

Copper moves up

Copper rose on Tuesday, touching a four-month high, as the dollar fell but trading is likely to remain cautious ahead of a German ruling on the euro zone's bailout fund and a Fed meeting which could reveal more stimulus measures. Three-month copper on the
Published 12 Sep, 2012 12:00am
Oil prices surge

Oil prices surge

Oil prices rose on Tuesday in choppy trading as expectations that the US Federal Reserve will act to bolster the economy and that a German court will approve a euro zone rescue plan put pressure on the dollar and boosted crude futures. Fed policy makers c
Published 12 Sep, 2012 12:00am
Tokyo rubber futures climb

Tokyo rubber futures climb

Tokyo rubber futures rose to their highest in more than a month on Tuesday on lingering hopes that China and the United States would take further steps to stimulate their economies. The benchmark rubber contract on the Tokyo Commodity Exchange for Februar
Published 12 Sep, 2012 12:00am
Corn sinks to six-week low

Corn sinks to six-week low

US corn futures sank to a six-week low on Monday as traders moved out of bullish bets ahead of US government reports that will give updates on crop damage from the worst US drought in half a century. The US Department of Agriculture's monthly supply-deman
Published 12 Sep, 2012 12:00am
Palm oil falls

Palm oil falls

Malaysian crude palm oil futures slipped on Tuesday to their lowest in nearly a month, as traders turned cautious about high stocks and ahead of key reports by the US Department of Agriculture (USDA) due this week. The Malaysian Palm Oil Board (MPOB) repo
Published 12 Sep, 2012 12:00am
Coffee surges

Coffee surges

Arabica coffee futures bolted to six-week highs on Tuesday, rising for a third straight session and staging their most dramatic rally in over two years, as speculative investors continued to cover their largest short position on record. Raw sugar rose as
Published 12 Sep, 2012 12:00am
Gold down in New York

Gold down in New York

Gold eased on Monday as investors took profits, but the metal stayed near a six-month high after last week's disappointing US payrolls data boosted hopes that the Federal Reserve could unveil new stimulus as early as Thursday. Palladium rose nearly 3 perc
Published 12 Sep, 2012 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged higher on Tuesday, paring losses from the previous session, with investors awaiting a key German ruling on the euro zone's bailout fund and a US Federal Reserve decision on possible measures to stimulate the economy. Spot gold had gained 0.2 pe
Published 12 Sep, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold rose towards six-month highs on Tuesday, helped by the weakness in the dollar after a warning from a ratings agency on US creditworthiness and after holdings of the metal in exchange-traded products reached a record high.
Published 12 Sep, 2012 12:00am
US MIDDAY: soya slips

US MIDDAY: soya slips

US soyabean futures slipped to a two-week low early on Tuesday, falling for a fifth consecutive session on quicker-than-expected harvest progress and selling before closely watched crop reports. Corn rose slightly but remained close to the six-week low to
Published 12 Sep, 2012 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

Copper ended higher for the third straight session on Tuesday as the dollar fell and investors remained hopeful that the US Federal Reserve and the European Central Bank would launch new stimulus measures soon. In New York, COMEX copper for December deliv
Published 12 Sep, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose toward a six-month high on Tuesday, lifted by a weak dollar following Moody's warning on US creditworthiness and strong investment buying in gold exchange-traded products. The metal received a boost after credit rating agency Moody's said the Un
Published 12 Sep, 2012 12:00am
SPSC announces names of 43 successful candidates

SPSC announces names of 43 successful candidates

The Sindh Public Service Commission Hyderabad has announced the names of 43 successful candidates, who interviewed for the post of Assistant District Public Prosecutor BPS-17 in Law Department, Government of Sindh in the months of August and September, 20
Published 12 Sep, 2012 12:00am
HBL signs accord with UnionPay

HBL signs accord with UnionPay

Habib Bank Limited (HBL) has signed an agreement with UnionPay (UP) to issue UP cards in Pakistan and in global markets where HBL has its presence. "This new partnership is a "major breakthrough in forging the ties between the financial institutions in Ch
Published 12 Sep, 2012 12:00am
Many mega projects in the offing for economic revival: Elahi

Many mega projects in the offing for economic revival: Elahi

Deputy Prime Minister and PML-Q Senior Central Leader Chaudhry Pervez Elahi has said that many mega projects are in the offing for the economic revival of the country, including establishment of Export Processing Zones (EPZs) all over the country and impl
Published 12 Sep, 2012 12:00am
Sparc launches 'The State of Pakistan's Children 2011' report

Sparc launches 'The State of Pakistan's Children 2011' report

Representatives of Child rights organisation have underlined the weak implementation of biding laws on children rights are the major obstacle to address the growing child related issues. They said that the state was responsible to strictly enforce the rel
Published 12 Sep, 2012 12:00am
Strategic partnership: MoU, LoI signed for Jati Block in Sindh

Strategic partnership: MoU, LoI signed for Jati Block in Sindh

Director General Petroleum Concessions, Ministry of Petroleum and Natural Resources Qazi Saleem Siddiqui and Chairman and Managing Director, Kuwait Foreign Petroleum Exploration Company (KUFPEC) Nizar M. Al-Adsani signed a Memorandum of Understanding (MoU
Published 12 Sep, 2012 12:00am
Sindh university admission schedule

Sindh university admission schedule

Director Admissions of Sindh University Bashir Ahmed Sheikh has informed students and parents that the admission forms of Masters'/Bachelors' programmes can be obtained from 25 designated branches of HBL of various districts all over Sindh with effect fro
Published 12 Sep, 2012 12:00am
Governor Sindh inspects work on uplift projects

Governor Sindh inspects work on uplift projects

Governor Sindh Dr Ishrat-ul-Ibad Khan on Tuesday directed the concerned authorities to immediately complete the construction work of Korangi Causeway, Korangi Crossing and CBM Drain. The Governor was visiting different ongoing development works in the cit
Published 12 Sep, 2012 12:00am
PTCL posts net profit of Rs 7.24 billion

PTCL posts net profit of Rs 7.24 billion

Pakistan Telecommunications Company Limited (PTCL) has posted net profit of Rs 7.24 billion in FY 2011-12. According to a press release issued on Tuesday said that the company showed a steady growth of nine per cent in revenue. The annual accounts were an
Published 12 Sep, 2012 12:00am
PTCL posts net profit of Rs 7.24 billion

PTCL posts net profit of Rs 7.24 billion

Pakistan Telecommunications Company Limited (PTCL) has posted net profit of Rs 7.24 billion in FY 2011-12. According to a press release issued on Tuesday said that the company showed a steady growth of nine per cent in revenue. The annual accounts were an
Published 12 Sep, 2012 12:00am
Kinnow export may touch $100 million mark this year

Kinnow export may touch $100 million mark this year

Although torrential rains have wreaked destruction and death throughout the country, they have at the same time brought smiles on the faces of Kinnow exporters in Punjab. Exports may touch the magic figure of $100 million this season.
Published 12 Sep, 2012 12:00am
Court urged to issue orders for construction of KBD

Court urged to issue orders for construction of KBD

A petition has been filed before the Lahore High Court against negative propaganda to stop construction of Kalabagh Dam. The petitioner Barrister Bilal Ahmed contended that construction of Kalabagh Dam is necessary to fulfil the energy need of the country
Published 12 Sep, 2012 12:00am
PICT's profit after tax rises to Rs 1.41 billion

PICT's profit after tax rises to Rs 1.41 billion

The profit after tax of Pakistan International Container Terminal Limited (PICT) has increased to Rs 1.41 billion in the year ended June 30, 2012 (FY12) as compared to Rs 1.253 billion earned in FY11. The board of directors of the company in its meeting h
Published 12 Sep, 2012 12:00am
Partly Facetious: PTI may form government in Khyber Pakhtunkhwa?

Partly Facetious: PTI may form government in Khyber Pakhtunkhwa?

"So what does Pakistan Tehrik-e-Insaaf and Pakistan Muslim League-N has in common?" "Their hatred for each other revealed with growing regularity by constant attacks against each other in the media." "That's obvious and, no, that was not the answer I was
Published 12 Sep, 2012 12:00am
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