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Print - 2012-09-22
Cellphone services suspended in 15 major cities

Cellphone services suspended in 15 major cities

The government on Friday moved to suspend mobile services in major cities as a precautionary measure to avert any act of sabotage on the occasion of Yaume Ishq-e-Rasool (PBUH), which was observed across the country. Pakistan Telecommunication Authority (P
Published 22 Sep, 2012 12:00am
Cellphone services suspended in 15 major cities

Cellphone services suspended in 15 major cities

The government on Friday moved to suspend mobile services in major cities as a precautionary measure to avert any act of sabotage on the occasion of Yaume Ishq-e-Rasool (PBUH), which was observed across the country. Pakistan Telecommunication Authority (P
Published 22 Sep, 2012 12:00am
Cellphone services suspended in 15 major cities

Cellphone services suspended in 15 major cities

The government on Friday moved to suspend mobile services in major cities as a precautionary measure to avert any act of sabotage on the occasion of Yaume Ishq-e-Rasool (PBUH), which was observed across the country. Pakistan Telecommunication Authority (P
Published 22 Sep, 2012 12:00am
West should declare blasphemy a global crime: Prime Minister

West should declare blasphemy a global crime: Prime Minister

Prime Minister Raja Pervez Ashraf has demanded of the United Nations and international community to declare blasphemy as a globally cognisable crime. Addressing the Ishq-e-Rasool Conference here on Friday, the Prime Minister said that if denying the Holoc
Published 22 Sep, 2012 12:00am
West should declare blasphemy a global crime: Prime Minister

West should declare blasphemy a global crime: Prime Minister

Prime Minister Raja Pervez Ashraf has demanded of the United Nations and international community to declare blasphemy as a globally cognisable crime. Addressing the Ishq-e-Rasool Conference here on Friday, the Prime Minister said that if denying the Holoc
Published 22 Sep, 2012 12:00am
Pakistan-US ties doing 'better than expected': Hina

Pakistan-US ties doing 'better than expected': Hina

Pakistan and the US are repairing ties which had plunged to an all-time low, Foreign Minister Hina Rabbani Khar said Friday, despite violent anti-American protests rocking her country. "The last 18 months were very, very difficult," Khar said at the start
Published 22 Sep, 2012 12:00am
Pakistan-US ties doing 'better than expected': Hina

Pakistan-US ties doing 'better than expected': Hina

Pakistan and the US are repairing ties which had plunged to an all-time low, Foreign Minister Hina Rabbani Khar said Friday, despite violent anti-American protests rocking her country. "The last 18 months were very, very difficult," Khar said at the start
Published 22 Sep, 2012 12:00am
Nations have duty to protect diplomatic missions: Clinton

Nations have duty to protect diplomatic missions: Clinton

US Secretary of State Hillary Clinton reminded governments Friday of their "solemn duty" to protect diplomatic missions, amid a wave of anti-American unrest in the Muslim world. "As I have said before and as is embodied in the Vienna Convention and other
Published 22 Sep, 2012 12:00am
Nations have duty to protect diplomatic missions: Clinton

Nations have duty to protect diplomatic missions: Clinton

US Secretary of State Hillary Clinton reminded governments Friday of their "solemn duty" to protect diplomatic missions, amid a wave of anti-American unrest in the Muslim world. "As I have said before and as is embodied in the Vienna Convention and other
Published 22 Sep, 2012 12:00am
Violence convulses country

Violence convulses country

Protesters badly hurt by a blasphemous film made in the United States convulsed Karachi, Lahore, Islamabad, Peshawar and other towns on the occasion of Youm-e-Ishq-e-Rasool (PBUH) on Friday, leaving up to 25 people dead and more than 160 injured. The wors
Published 22 Sep, 2012 12:00am
Violence convulses country

Violence convulses country

Protesters badly hurt by a blasphemous film made in the United States convulsed Karachi, Lahore, Islamabad, Peshawar and other towns on the occasion of Youm-e-Ishq-e-Rasool (PBUH) on Friday, leaving up to 25 people dead and more than 160 injured. The wors
Published 22 Sep, 2012 12:00am
The Weather

The Weather

The weather report on Friday (September 21, 2012) and the forecast for Saturday (September 22, 2012).

Published 22 Sep, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 18, 2012.

Published 22 Sep, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 18, 2012.

Published 22 Sep, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 18, 2012.

Published 22 Sep, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 21, 2012).

Published 22 Sep, 2012 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 22 Sep, 2012 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 22 Sep, 2012 12:00am
BRIDGE NOTES: Not every lead a blind one

BRIDGE NOTES: Not every lead a blind one

Today we touch upon the importance of opening leads and I put before my readers 5 problems to judged how well the readers evaluate the bidding to judge, which opening lead is the best. Problem I love all imps. You are west holding.
Published 22 Sep, 2012 12:00am
ART FACTS: Brilliant and peaceful landscapes

ART FACTS: Brilliant and peaceful landscapes

The use of brilliant colours in paintings indicates Hamid S. Alavi's bold approach towards life. He paints the natures beauty among man made mud and brick buildings. The few trees and some signs of vegetation here and there provide a soothing effect to hi
Published 22 Sep, 2012 12:00am
Tragedy of profound loss

Tragedy of profound loss

"There was a stampede as the fire spread; I jumped from the third floor. We started running towards the exit. All workers were running and pushing each other. People had tried to break the metal grilles but could not. The door to the back stairs leading t
Published 22 Sep, 2012 12:00am
Seoul shares surge

Seoul shares surge

South Korean shares closed higher on Friday, as foreign investors were net buyers for an 11th straight session following recent rallies spurred by central bank stimulus steps. The Korea Composite Stock Price Index (KOSPI) rose 0.6 percent to close at 2,00
Published 22 Sep, 2012 12:00am
Nikkei edges up

Nikkei edges up

Japan's Nikkei average edged up on Friday, rebounding from a sharp drop in the previous session as investors took comfort from steadiness in US stocks, shrugging off fears over soft manufacturing data from China, Europe and the United States. Embattled TV
Published 22 Sep, 2012 12:00am
Friday's midday trade: stocks rise as Apple scales new peak on iPhone 5

Friday's midday trade: stocks rise as Apple scales new peak on iPhone 5

US stocks rose on Friday as Apple unveiled its latest iPhone world-wide, driving its shares up to a new peak, and Spain appeared to move closer to an anticipated bailout package. Apple Inc climbed 0.9 percent to $704.78, after earlier hitting an all-time
Published 22 Sep, 2012 12:00am
Dow ends higher, Oracle falls after the bell

Dow ends higher, Oracle falls after the bell

The Dow industrials ended slightly higher on Thursday while the S&P 500 and the Nasdaq cut most of the day's losses in a sign that investor sentiment remains generally positive despite several weak manufacturing surveys from around the world. Pockets of s
Published 22 Sep, 2012 12:00am
Southeast Asian markets mostly up

Southeast Asian markets mostly up

Southeast Asian stock markets ended mostly higher on Friday as stimulus measures from major central banks appeared to remain supportive to broad sentiment, prompting market players to buy into recently beaten down market large caps. Among the bright spots
Published 22 Sep, 2012 12:00am
Treasuries debt prices steady

Treasuries debt prices steady

US Treasury debt prices were little changed on Thursday after a surprisingly weak auction of inflation-protected debt undermined safe-haven demand spurred by data pointing to tepid global economic growth. Treasuries pared early price gains after an auctio
Published 22 Sep, 2012 12:00am
Treasuries debt prices steady

Treasuries debt prices steady

US Treasury debt prices were little changed on Thursday after a surprisingly weak auction of inflation-protected debt undermined safe-haven demand spurred by data pointing to tepid global economic growth. Treasuries pared early price gains after an auctio
Published 22 Sep, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks ended up 0.35 percent on Friday, with LCD panel maker AU Optronics jumping 5 percent after it was fined $500 million in a US price fixing case, half of the amount of the highest potential fine that prosecutors had sought. The main TAIEX inde
Published 22 Sep, 2012 12:00am
Hong Kong shares rebound, China suffers worst week in 11 months

Hong Kong shares rebound, China suffers worst week in 11 months

Gains on Friday helped Hong Kong shares achieve a third-straight weekly rise, lifted by commodities-related sectors, with appetites for risk increasing gingerly after oil prices steadied at the end of a volatile week. Mainland Chinese markets inched highe
Published 22 Sep, 2012 12:00am
European shares rise on Spanish bailout talk

European shares rise on Spanish bailout talk

European equities rose on Friday, briefly testing last week's 14-month highs, propelled by gains in banking shares on speculation Spain was moving towards a bailout request, but the uncertain economic outlook could hold back the market. Euro zone banks ro
Published 22 Sep, 2012 12:00am
Indian shares surge

Indian shares surge

Indian stock indexes rose over 2 percent on Friday to their highest since July 2011 after the government announced new measures on overseas borrowing, bolstering confidence about its resolve to continue undertaking long-awaited reforms. Finance Minister P
Published 22 Sep, 2012 12:00am
FTSE 100 limps lower, bruised by options expiry

FTSE 100 limps lower, bruised by options expiry

Britain's top share index limped to a flat finish on Friday, with a wave of profit-taking on options and futures expiry eclipsing any sentiment boost from signs that Spain may be getting closer to asking for a bailout. The FTSE 100 closed down 2 points at
Published 22 Sep, 2012 12:00am
Swiss franc up

Swiss franc up

The Swiss franc gained ground alongside the euro against the greenback on Friday, on hopes the European Central Bank's bond buying plan can tackle the debt crisis. Yet gains in the common currency against the dollar were limited after data showed business
Published 22 Sep, 2012 12:00am
Recent yen moves don't justify intervention

Recent yen moves don't justify intervention

A strong yen is among key risks to Japan's economy but Tokyo cannot justify intervening in the currency market now because recent yen moves have been relatively stable, former Bank of Japan Deputy Governor Toshiro Muto said on Tuesday.
Published 22 Sep, 2012 12:00am
Overnight repo rates steady, but may face pressure

Overnight repo rates steady, but may face pressure

US overnight lending rates held steady on Friday at the high end of a recent range, but they could ease early next year after a Federal Reserve stimulus program comes to an end, according to analysts at Barclays. The interest rate on overnight repurchase
Published 22 Sep, 2012 12:00am
Euro, Aussie dollar regain footing in Asia

Euro, Aussie dollar regain footing in Asia

The euro edged higher on Friday, clawing back some ground lost the previous day on weak euro zone manufacturing and services data, and some analysts said the single currency could consolidate around current trading levels. The euro rose 0.2 percent to $1.
Published 22 Sep, 2012 12:00am
Euro edges up in London

Euro edges up in London

The euro inched higher against the dollar in choppy trade on Friday, encouraged by speculation that Spain may soon request aid to recover some of the ground it lost the previous day. Market players reported very thin volumes as the euro hit a session high
Published 22 Sep, 2012 12:00am
Early trade in New York: Euro edges higher versus dollar

Early trade in New York: Euro edges higher versus dollar

The euro edged higher against the dollar in choppy trade on Friday, helped by speculation Spain may soon request financial aid to help ease the country's debt crisis. Volume was thin ahead of the weekend and traders said the euro may struggle to extend ga
Published 22 Sep, 2012 12:00am
Dollar climbs in New York

Dollar climbs in New York

The US dollar climbed against major currencies on Thursday after weak data from the United States, Europe and China stoked global growth worries, driving investors to perceived safe-haven assets. The euro slid to a one-week low against the dollar even as
Published 22 Sep, 2012 12:00am
Australian and New Zealand dollars regain ground

Australian and New Zealand dollars regain ground

The Australian and New Zealand dollars bounced on Friday as investors cut bearish positions following a break of chart resistance, but the high-beta currencies were seen vulnerable to renewed concerns about the global growth outlook. Both Antipodean curre
Published 22 Sep, 2012 12:00am
Indian rupee rallies

Indian rupee rallies

The Indian rupee rose on Friday to its highest level in over four months after the government cut a tax for overseas borrowing by local companies, giving them access to cheaper funds. More broadly, the announcement was seen by investors as a signal of the
Published 22 Sep, 2012 12:00am
Yuan falls against dollar

Yuan falls against dollar

China's yuan edged down on Friday, pressured by a global retreat in the euro and an end to the wave of dollar selling by state banks that hammered the currency on Thursday. The yuan reached a weak point of 6.3099 per dollar near midday but rallied in the
Published 22 Sep, 2012 12:00am
Emerging Asian currencies rise, set to see weekly slides

Emerging Asian currencies rise, set to see weekly slides

Emerging Asian currencies rose on Friday, tracking earlier gains in the euro, but most regional units were set to see weekly slides as investors took profits on rallies amid caution over intervention and a slowing global economy. Month-end demand from exp
Published 22 Sep, 2012 12:00am
Sterling hits near 13-month high versus dollar

Sterling hits near 13-month high versus dollar

Sterling rallied to a near 13-month high against a weak dollar on Friday after UK borrowing data was less bad than feared, and talk Spain may soon request aid fuelled demand for perceived riskier currencies. The pound rose 0.5 percent to $1.6310, rising p
Published 22 Sep, 2012 12:00am
Taylor brands Zimbabwe 'sloppy'

Taylor brands Zimbabwe 'sloppy'

Zimbabwe captain Brendan Taylor has described his team as "sloppy" and "below par" after they crashed out of the World Twenty20 with a ten-wicket thumping by South Africa on Thursday. Zimbabwe were no match for the formidable South Africans as they were r
Published 22 Sep, 2012 12:00am
Rooney will be back soon, says Fergie

Rooney will be back soon, says Fergie

Manchester United manager Sir Alex Ferguson has revealed Wayne Rooney is just over a week away from returning to action after making good progress in his recovery from a severe thigh gash. Rooney suffered the injury in United's 3-2 win over Fulham on Augu
Published 22 Sep, 2012 12:00am
McCullum leads New Zealand's rout of Bangladesh

McCullum leads New Zealand's rout of Bangladesh

Brendon McCullum notched the highest individual score in all Twenty20 internationals to help New Zealand humble Bangladesh by 59 runs at Pallekele stadium on Friday. The 30-year-old right hander smashed seven sixes and 11 boundaries during his 58-ball 123
Published 22 Sep, 2012 12:00am
Wright heroics muscle Afghans out of World Twenty20

Wright heroics muscle Afghans out of World Twenty20

Luke Wright smashed an unbeaten 99 off 55 balls as defending champions England knocked Afghanistan out of the World Twenty20 with a 116-run victory in Colombo on Friday England, sent in to bat, piled up 196-5 after a bad start before Afghanistan were dism
Published 22 Sep, 2012 12:00am
South Africa out to tame Sri Lanka's Mendis

South Africa out to tame Sri Lanka's Mendis

South Africa skipper AB de Villiers said his batsmen will put Sri Lanka's magician spinner Ajantha Mendis under pressure when the two teams meet in a group C match in Hambantota on Saturday. Mendis, 27, sounded a warning to all batsmen by picking up 6-8 -
Published 22 Sep, 2012 12:00am
Robson becomes first British WTA finalist since 1990

Robson becomes first British WTA finalist since 1990

Rising tennis star Laura Robson became the first British woman since 1990 to reach a main tour singles final on Friday when she defeated Sorana Cirstea 6-4, 6-2 in the WTA Guangzhou Open. The 18-year-old world No 74 convincingly beat her Romanian opponent
Published 22 Sep, 2012 12:00am
Birthday boy Gayle reveals big-hitting secret

Birthday boy Gayle reveals big-hitting secret

Hard-hitting West Indies opener Chris Gayle celebrated his 33rd birthday on Friday by telling batsmen how to hit sixes during the ongoing World Twenty20 in Sri Lanka. "It takes a bit of strength and once the ball is in your slot you go for it," Gayle said
Published 22 Sep, 2012 12:00am
Walmart aims for first India retail store in 12-18 months

Walmart aims for first India retail store in 12-18 months

US giant Walmart said on Friday it aims to launch its first retail store in India within the next 18 months after the government opened the vast consumer market to foreign chains. "That is the plan - to open (stores) in 12 to 18 months," a spokesman for t
Published 22 Sep, 2012 12:00am
JAL shares below offer price as island row bites

JAL shares below offer price as island row bites

Shares in Japan Airlines slumped 4.29 percent Friday, two days after relisting, as it said it would slash flights to China amid a territorial row between Tokyo and Beijing. The firm finished the day at 3,680 yen, below the 3,790 yen it opened at on the To
Published 22 Sep, 2012 12:00am
JAL shares below offer price as island row bites

JAL shares below offer price as island row bites

Shares in Japan Airlines slumped 4.29 percent Friday, two days after relisting, as it said it would slash flights to China amid a territorial row between Tokyo and Beijing. The firm finished the day at 3,680 yen, below the 3,790 yen it opened at on the To
Published 22 Sep, 2012 12:00am
ECB's new building to cost more than expected

ECB's new building to cost more than expected

The European Central Bank's new headquarters, scheduled to be completed in 2014, will cost a lot more than expected, a top ECB official said Thursday. Originally, the estimated costs of the spectacular new twin-tower skyscraper, being built in the redevel
Published 22 Sep, 2012 12:00am
Russia's Rosneft says BP offer 'very interesting'

Russia's Rosneft says BP offer 'very interesting'

Russia's biggest oil firm Rosneft on Friday called "very interesting" a proposal from BP to take an equity stake in a deal that could see the British group quit its troubled TNK-BP joint venture. The comments by Rosneft CEO Igor Sechin - the right-hand-ma
Published 22 Sep, 2012 12:00am
Universal bags Beatles label EMI, says bye-bye to Guetta

Universal bags Beatles label EMI, says bye-bye to Guetta

The world's biggest record company Universal won clearance Friday to take over EMI, home to the Beatles, but only on condition that it sell off rights to a string of top artists like David Guetta. European Commissioner Joaquin Almunia said Universal Music
Published 22 Sep, 2012 12:00am
Rising deficit puts Britain at risk of debt goal miss

Rising deficit puts Britain at risk of debt goal miss

Britain's budget deficit widened to the biggest on record for any August, data showed on Friday, a day after the central bank chief said missing its debt goal was acceptable for the government. Public sector net borrowing excluding financial sector interv
Published 22 Sep, 2012 12:00am
GM recalls 426,00 sedans for transmission problem

GM recalls 426,00 sedans for transmission problem

General Motors is recalling more than 426,000 Saturn, Chevrolet and Pontiac sedans in the United States to fix a transmission problem that could allow the cars to move when in "park," US auto safety officials announced Friday. GM told the National Highway
Published 22 Sep, 2012 12:00am
Long queues for iPhone 5 rollout despite map glitches

Long queues for iPhone 5 rollout despite map glitches

Apple's iPhone 5 hit stores around Asia, Europe and North America Friday, with long queues of devotees undeterred by a lukewarm welcome from experts and complaints about the smartphone's new mapping system. The lines of eager fans outside stores looked se
Published 22 Sep, 2012 12:00am
Germany says no need for Spanish bailout

Germany says no need for Spanish bailout

EU paymaster Germany said on Friday that Spain does not need a European bailout, dousing financial market expectations that Madrid will gain early relief from European Central Bank bond-buying. German Finance Minister Wolfgang Schaeuble's comment, contras
Published 22 Sep, 2012 12:00am
China, Japan shadow boxing over rocks - for now

China, Japan shadow boxing over rocks - for now

The dispute between China and Japan over a desolate jumble of rocky islets in the East China Sea has taken a familiar turn with Beijing deploying a fleet of paramilitary patrol ships while similar Japanese vessels steam out in response. As in earlier disp
Published 22 Sep, 2012 12:00am
Manila's 'secret marshals' to fight hold-up men

Manila's 'secret marshals' to fight hold-up men

Plain clothes "secret marshals" have been deployed on public transport in Manila with orders to shoot down armed robbers in a crackdown against violent crime, the city's newly appointed police chief said Friday. In a message to armed criminals who victimi
Published 22 Sep, 2012 12:00am
August 'second deadliest month' for Afghan civilians: UN

August 'second deadliest month' for Afghan civilians: UN

A total of 374 civilians were killed and 581 injured in August as a result of the war in Afghanistan, making it the second deadliest month for civilians since 2007, the United Nations said Friday. The UN's special representative in Afghanistan, Jan Kubis,
Published 22 Sep, 2012 12:00am
Obama, allies score financial win over Romney in August

Obama, allies score financial win over Romney in August

US Democratic President Barack Obama and his allies scored a victory in August over Republican challenger Mitt Romney and his backers in the race for campaign money, financial disclosures showed Thursday. Monthly reports filed with the Federal Election Co
Published 22 Sep, 2012 12:00am
Bomb kills five Afghans in south

Bomb kills five Afghans in south

A roadside bomb attack in southern Afghanistan on Friday killed five civilians, including children, local authorities said. The explosion struck their vehicle while they were travelling from Nawa district to Lashkar Gah, Helmand's provincial capital. "Two
Published 22 Sep, 2012 12:00am
Ig Nobels awarded for zany side of serious science

Ig Nobels awarded for zany side of serious science

Scientists behind studies on brain activity in dead fish and photos of chimpanzee butts were among dozens honoured with the tongue-in-cheek Ig Nobel awards Thursday. The 22nd annual edition of the Nobel prize spoof, held at Boston's Harvard University, al
Published 22 Sep, 2012 12:00am
Three children killed in China attack

Three children killed in China attack

Three children were killed and more than a dozen injured in an axe attack at a day-care centre in southern China on Friday, state media said. A man attacked a group of primary school aged children gathered in an afternoon care centre, killing three and in
Published 22 Sep, 2012 12:00am
Syria army, rebels clash near Aleppo bases

Syria army, rebels clash near Aleppo bases

Syrian troops backed by helicopter gunships clashed with rebels near a barracks in Aleppo on Friday as battles broke out around a military airport elsewhere in the northern province, monitors said. In Damascus, state news agency SANA said the army unearth
Published 22 Sep, 2012 12:00am
Arrest warrant issued for South Africa firebrand Malema

Arrest warrant issued for South Africa firebrand Malema

South African elite police have issued an arrest warrant for controversial firebrand Julius Malema, his lawyer confirmed Friday, after media reports linked it to fraud and corruption charges. "We were notified today that a warrant of arrest was issued aga
Published 22 Sep, 2012 12:00am
Georgia 'whistleblower' acted to 'stop torture'

Georgia 'whistleblower' acted to 'stop torture'

A former Georgian jail guard who made videos of prisoners being raped and beaten that shocked the nation and sparked widespread protests said Friday he acted to end torture in the ex-Soviet state. He was speaking from Brussels as in Tbilisi, President Mik
Published 22 Sep, 2012 12:00am
Israeli soldier, three gunmen killed in Egypt border attack

Israeli soldier, three gunmen killed in Egypt border attack

An Israeli soldier and three militants who infiltrated from Egypt's Sinai Peninsula were killed in a clash along the border on Friday, the army said. It said troops came under fire from gunmen who sneaked across the border, sparking a firefight which kill
Published 22 Sep, 2012 12:00am
Man takes at least one hostage in US office tower drama

Man takes at least one hostage in US office tower drama

A man claiming to have a bomb in a canvas bag took at least one person hostage Friday in an office building in the US city of Pittsburgh, authorities said. "There's a hostage situation at Three Gateway Center," said Kelly Kochamba, an FBI spokeswoman, nam
Published 22 Sep, 2012 12:00am
New York cotton falls on profit-taking

New York cotton falls on profit-taking

US cotton closed down on Thursday as investors took profits from a market that has been more resilient than many commodities this week amid bearish economic sentiment. Cotton futures in New York snapped two days of gains, marking their first big slide sin
Published 22 Sep, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most active January copper contract on the Shanghai Futures Exchange closed up 0.73 percent at 59,740 yuan ($9,500) per tonne on Friday, though it is heading for a weekly fall of around 0.5 percent. ShFE copper's net daily open interest was up 8,494 l
Published 22 Sep, 2012 12:00am
Copper slightly up

Copper slightly up

Copper was slightly up on Friday as optimism that stimulus measures would boost liquidity and metals demand in a struggling global economy, especially in top raw materials consumer China, outweighed poor data in the previous session. Three-month copper on
Published 22 Sep, 2012 12:00am
Oil stays higher

Oil stays higher

Oil rose for a second straight session in light activity on Friday as supply concerns and economic optimism fuelled a rebound from a 7 percent slide earlier in the week. Brent crude topped $111 a barrel but posted a 4.5 percent drop on the week due to a t
Published 22 Sep, 2012 12:00am
Tokyo futures rise

Tokyo futures rise

Benchmark Tokyo rubber futures rose on Friday, taking their cue from crude oil prices in the absence of firm indications on the outlook for the fragile world economy. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for February deliv
Published 22 Sep, 2012 12:00am
Soya and corn decline

Soya and corn decline

US soyabeans and corn fell on Thursday as the brisk pace of the domestic harvest and global economic worries dampened investor sentiment after drought lifted prices to record highs this summer. The lower prices triggered further selling based on technical
Published 22 Sep, 2012 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures dropped on Friday to their lowest in more than 11 months, posting their worst week since March last year as rising inventories and overnight losses in US soybeans weighed on prices. "The overseas market was down yesterday and th
Published 22 Sep, 2012 12:00am
ICE sugar climbs

ICE sugar climbs

ICE raw sugar futures climbed on Friday, boosted by wet weather disrupting the tail end of the harvest in top grower Brazil, while coffee futures also jumped, sharply raising arabica's premium over robusta. Cocoa markets traded mixed. Sugar futures gained
Published 22 Sep, 2012 12:00am
Gold nearly flat in New York

Gold nearly flat in New York

Gold ended nearly flat on Thursday as the market paused after its recent sharp rally, while a key technical-chart formation suggests momentum is turning increasing bullish. On Thursday, the metal traded in a relatively narrow $20 range, largely tracking a
Published 22 Sep, 2012 12:00am
Gold crawls up in Asia

Gold crawls up in Asia

Gold firmed slightly on Friday, reversing two straight sessions of losses, as investors pinned hopes on recent central bank moves to further lift sentiment in precious metals. Spot gold inched up 0.2 percent to $1,770.76 an ounce by 0622 GMT, little chang
Published 22 Sep, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold prices rose 1 percent on Friday to 6-1/2 month highs as expectations that central bank measures to stimulate growth would boost liquidity, fuel inflation and keep a lid on interest rates put the metal on track for a fifth straight week of gains.
Published 22 Sep, 2012 12:00am
US MIDDAY: wheat surges

US MIDDAY: wheat surges

Wheat prices climbed on Friday as Russia's economy minister raised the possibility of grain export curbs by the world's third-largest wheat shipper. December wheat futures on the Chicago Board of Trade rose 17 cents, or 1.9 percent to $8.96-1/2 a bushel b
Published 22 Sep, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper rose on Friday, supported by hopes that recent stimulus measures from around the world will boost liquidity and metals demand in a struggling global economy, especially in top raw materials consumer China. "We've skimmed a little froth out of the m
Published 22 Sep, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose to within a whisker of its 2012 high early on Friday as technical momentum and recent stimulus efforts by major central banks around the world prompted bullion investors to boost their bullish bets. Gold priced in euro terms hit a record high, b
Published 22 Sep, 2012 12:00am
TUSDEC steering skill development in tribal areas

TUSDEC steering skill development in tribal areas

Technology Upgradation and Skill Development Company ( TUSDEC) has collaborated with FDA (FATA Development Authority) in the core intention of supporting TVET(Technical Vocational Education and Training) Sector in the tribal areas. This was revealed in in
Published 22 Sep, 2012 12:00am
Monitoring of WHT: FBR issuing notices for ARS ahead of deadline

Monitoring of WHT: FBR issuing notices for ARS ahead of deadline

The Federal Board of Revenue has started issuing notices for filing of Annual Reconciliation Statement (ARS) under rule 44(4) of the Income Tax Rules, 2002, albeit the last date for submission of income tax returns is December 31, 2012. According to tax e
Published 22 Sep, 2012 12:00am
Packages, Finland's Stora Enso group sign joint venture deal

Packages, Finland's Stora Enso group sign joint venture deal

The board of directors of Packages Limited has resolved to sign an agreement to start a 50/50 joint venture (JV) with Stora Enso OYJ Group of Finland in its 100 percent wholly-owned subsidiary Bulleh Shah Paper Mills (Pvt) Limited. According to a communic
Published 22 Sep, 2012 12:00am
KSE to hold mock session today

KSE to hold mock session today

In order to test the new functionality in Deliverable Future Contracts Roll Over, the IT Division of Karachi Stock Exchange (KSE) will hold a mock session on Saturday (today). According to a KSE notice, the mock session will be held from 12:00 noon to 02:
Published 22 Sep, 2012 12:00am
Motor dealers concerned over changes in import parameters

Motor dealers concerned over changes in import parameters

Office-bearers of All Pakistan Motor Dealers Association (APMDA) have expressed concern over abrupt changes in practice for allowing depreciation of customs value for import of old and used vehicles. APMDA's Chairman HM Shahzad in a statement issued here
Published 22 Sep, 2012 12:00am
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