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Print - 2012-10-27
Khyber Pakhtunkhwa governor for harmony

Khyber Pakhtunkhwa governor for harmony

Khyber Pakhtunkhwa Governor Barrister Masood Kausar has appealed to the countrymen to maintain unity and harmony in their ranks and files and refresh their spirit to be ready to offer any sacrifice for security and prosperity of the country. This he said
Published 27 Oct, 2012 12:00am
President urges nation to forge unity to face challenges

President urges nation to forge unity to face challenges

President Asif Ali Zardari asks the nation to work united for the progress and prosperity of the country with adopting the true spirit of sacrifice, brotherhood, religious tolerance and renouncing the hatred and prejudice. "We should remember on this ausp
Published 27 Oct, 2012 12:00am
Dry weather forecast

Dry weather forecast

The Met Office on Friday forecast mainly dry weather on Eid-ul-Azha across the country. However, it said light rain may occur in Malakand division and Kashmir during the next 14 hours. In the weather summary, the forecaster said "continental air is prevai
Published 27 Oct, 2012 12:00am
Raja urges nation to be mindful of the poor

Raja urges nation to be mindful of the poor

Prime Minister Raja Pervez Ashraf has urged the nation to take special care of the poor widows and destitute orphans while celebrating Eid-ul-Azha and help them so that they can enjoy Eid. "We should take special care of the poor widows and destitute orph
Published 27 Oct, 2012 12:00am
Policeman kills man for refusal to give 'Eidi'

Policeman kills man for refusal to give 'Eidi'

A policeman on Friday killed father of three children over his refusal of giving Eidi after purchase of sacrificial animal in the limits of Sohrab Goth Industrial Area check-post. According to details, policemen intercepted a vehicle carrying animal near
Published 27 Oct, 2012 12:00am
Governor Sindh for issuance of arms licences to traders

Governor Sindh for issuance of arms licences to traders

Governor Sindh Dr Ishratul Ebad Khan has directed Inspector General of Police (IGP) and CCPO Karachi to arrange mobile phone locators in shortest possible time and issuance of arms license to the business community. He gave these orders during a meeting w
Published 27 Oct, 2012 12:00am
Three more killed in Karachi

Three more killed in Karachi

At least three persons were killed while two others including an MQM man sustained injuries in separate incidents in the metropolis here on Friday. According to police and rescue sources, a 36-year-old man, Rasool Khan, son of Haji Jamal, was targeted by
Published 27 Oct, 2012 12:00am
Ratifying Indo-Pakistan visa pact tops cabinet agenda

Ratifying Indo-Pakistan visa pact tops cabinet agenda

The federal cabinet is likely to give approval for the ratification of a liberal visa agreement with India in the Cabinet meeting scheduled to be held on Wednesday. According to documents obtained by Business Recorder, the Ministry of Interior has
Published 27 Oct, 2012 12:00am
Ratifying Indo-Pakistan visa pact tops cabinet agenda

Ratifying Indo-Pakistan visa pact tops cabinet agenda

The federal cabinet is likely to give approval for the ratification of a liberal visa agreement with India in the Cabinet meeting scheduled to be held on Wednesday. According to documents obtained by Business Recorder, the Ministry of Interior has
Published 27 Oct, 2012 12:00am
Ratifying Indo-Pakistan visa pact tops cabinet agenda

Ratifying Indo-Pakistan visa pact tops cabinet agenda

The federal cabinet is likely to give approval for the ratification of a liberal visa agreement with India in the Cabinet meeting scheduled to be held on Wednesday. According to documents obtained by Business Recorder, the Ministry of Interior has
Published 27 Oct, 2012 12:00am
Merkel to host chiefs of world economic organisations

Merkel to host chiefs of world economic organisations

German Chancellor Angela Merkel will Tuesday discuss the global economy with the heads of the World Bank, IMF, the World Trade Organisation and other top institutions, her spokesman said. The spokesman, Steffen Seibert, told a regular news conference on F
Published 27 Oct, 2012 12:00am
Merkel to host chiefs of world economic organisations

Merkel to host chiefs of world economic organisations

German Chancellor Angela Merkel will Tuesday discuss the global economy with the heads of the World Bank, IMF, the World Trade Organisation and other top institutions, her spokesman said. The spokesman, Steffen Seibert, told a regular news conference on F
Published 27 Oct, 2012 12:00am
Merkel to host chiefs of world economic organisations

Merkel to host chiefs of world economic organisations

German Chancellor Angela Merkel will Tuesday discuss the global economy with the heads of the World Bank, IMF, the World Trade Organisation and other top institutions, her spokesman said. The spokesman, Steffen Seibert, told a regular news conference on F
Published 27 Oct, 2012 12:00am
India's foreign minister quits ahead of reshuffle

India's foreign minister quits ahead of reshuffle

India's veteran Foreign Minister S.M. Krishna announced his resignation Friday in a move that clears the way for a long-awaited reshuffle of Prime Minister Manmohan Singh's beleaguered government. The gaffe-prone Krishna, whose political career stretches
Published 27 Oct, 2012 12:00am
India's foreign minister quits ahead of reshuffle

India's foreign minister quits ahead of reshuffle

India's veteran Foreign Minister S.M. Krishna announced his resignation Friday in a move that clears the way for a long-awaited reshuffle of Prime Minister Manmohan Singh's beleaguered government. The gaffe-prone Krishna, whose political career stretches
Published 27 Oct, 2012 12:00am
China blocks New York Times after corruption report

China blocks New York Times after corruption report

The New York Times said Friday that China blocked access to its websites in English and Chinese after it reported huge riches amassed by the family of China's reformist premier, Wen Jiabao. The US media group said access to both the English- and Chinese-l
Published 27 Oct, 2012 12:00am
China blocks New York Times after corruption report

China blocks New York Times after corruption report

The New York Times said Friday that China blocked access to its websites in English and Chinese after it reported huge riches amassed by the family of China's reformist premier, Wen Jiabao. The US media group said access to both the English- and Chinese-l
Published 27 Oct, 2012 12:00am
Two anti-Taliban elders killed

Two anti-Taliban elders killed

Gunmen shot dead two members of an anti-Taliban peace committee in Swat valley, where militants tried to murder schoolgirl activist Malala Yousufzai, police said Friday. The shooting will heighten fears of a campaign of targeted killings in Swat, as in th
Published 27 Oct, 2012 12:00am
Two anti-Taliban elders killed

Two anti-Taliban elders killed

Gunmen shot dead two members of an anti-Taliban peace committee in Swat valley, where militants tried to murder schoolgirl activist Malala Yousufzai, police said Friday. The shooting will heighten fears of a campaign of targeted killings in Swat, as in th
Published 27 Oct, 2012 12:00am
High-risk areas: mobile phone services to be suspended today, says Malik

High-risk areas: mobile phone services to be suspended today, says Malik

Federal Minister for Interior Rehman Malik has said that cellular services in some parts of the country will be suspended between 6am and 10am on the first day of Eidul Azha. Talking to media persons here on Friday, he said that mobile phone service will
Published 27 Oct, 2012 12:00am
High-risk areas: mobile phone services to be suspended today, says Malik

High-risk areas: mobile phone services to be suspended today, says Malik

Federal Minister for Interior Rehman Malik has said that cellular services in some parts of the country will be suspended between 6am and 10am on the first day of Eidul Azha. Talking to media persons here on Friday, he said that mobile phone service will
Published 27 Oct, 2012 12:00am
High-risk areas: mobile phone services to be suspended today, says Malik

High-risk areas: mobile phone services to be suspended today, says Malik

Federal Minister for Interior Rehman Malik has said that cellular services in some parts of the country will be suspended between 6am and 10am on the first day of Eidul Azha. Talking to media persons here on Friday, he said that mobile phone service will
Published 27 Oct, 2012 12:00am
Ireland determined to exit EU bailout

Ireland determined to exit EU bailout

Irish Foreign Minister Eamon Gilmore said Friday his country aimed to be the first of the struggling eurozone nations to exit a bailout programme as his German counterpart hailed Ireland's "success story." Speaking after talks in Berlin, Gilmore said: "We
Published 27 Oct, 2012 12:00am
Worried banks put brakes on Brazil lending

Worried banks put brakes on Brazil lending

Bank lending in Brazil rose in September at the slowest annual pace in almost three years, as private sector banks put the brakes on disbursements as a result of record-high loan delinquencies. Outstanding loans in Brazil's banking system rose 15.9 percen
Published 27 Oct, 2012 12:00am
Japan bond dealers sound alarm over Tokyo's own fiscal cliff

Japan bond dealers sound alarm over Tokyo's own fiscal cliff

Primary dealers in Japanese government bonds warned the finance ministry on Friday of the growing risk of a ratings downgrade over a political stand-off that could cause the government to run out of money next month. The bond dealers voiced their concerns
Published 27 Oct, 2012 12:00am
Japan bond dealers sound alarm over Tokyo's own fiscal cliff

Japan bond dealers sound alarm over Tokyo's own fiscal cliff

Primary dealers in Japanese government bonds warned the finance ministry on Friday of the growing risk of a ratings downgrade over a political stand-off that could cause the government to run out of money next month. The bond dealers voiced their concerns
Published 27 Oct, 2012 12:00am
CNG stations asked to stick to new prices: government issues warning

CNG stations asked to stick to new prices: government issues warning

The government will take stern action against owners of CNG stations who closed their units following a big cut in CNG prices on the orders of Supreme Court of Pakistan, Prime Minister''s Adviser on Petroleum Dr Asim Hussain said on Friday. Reports sugges
Published 27 Oct, 2012 12:00am
CNG stations asked to stick to new prices: government issues warning

CNG stations asked to stick to new prices: government issues warning

The government will take stern action against owners of CNG stations who closed their units following a big cut in CNG prices on the orders of Supreme Court of Pakistan, Prime Minister's Adviser on Petroleum Dr Asim Hussain said on Friday. Reports suggest
Published 27 Oct, 2012 12:00am
CNG stations asked to stick to new prices: government issues warning

CNG stations asked to stick to new prices: government issues warning

The government will take stern action against owners of CNG stations who closed their units following a big cut in CNG prices on the orders of Supreme Court of Pakistan, Prime Minister's Adviser on Petroleum Dr Asim Hussain said on Friday. Reports suggest
Published 27 Oct, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Saturday (October 27) and tomorrow, Sunday (October 28) on account of EID-UL-AZHA. There will, therefore, be no issue of the newspaper on Sunday and Monday (October 28 & 29).However arrange
Published 27 Oct, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Saturday (October 27) and tomorrow, Sunday (October 28) on account of EID-UL-AZHA. There will, therefore, be no issue of the newspaper on Sunday and Monday (October 28 & 29).However arrange
Published 27 Oct, 2012 12:00am
Berlusconi sentenced to four years in prison for tax fraud

Berlusconi sentenced to four years in prison for tax fraud

Italy''s former prime minister Silvio Berlusconi was sentenced to four years in prison for tax fraud connected to his Mediaset television channels Friday, and was banned from holding public office for three years by a Milan court. Berlusconi was accused o
Published 27 Oct, 2012 12:00am
Berlusconi sentenced to four years in prison for tax fraud

Berlusconi sentenced to four years in prison for tax fraud

Italy's former prime minister Silvio Berlusconi was sentenced to four years in prison for tax fraud connected to his Mediaset television channels Friday, and was banned from holding public office for three years by a Milan court. Berlusconi was accused of
Published 27 Oct, 2012 12:00am
Berlusconi sentenced to four years in prison for tax fraud

Berlusconi sentenced to four years in prison for tax fraud

Italy's former prime minister Silvio Berlusconi was sentenced to four years in prison for tax fraud connected to his Mediaset television channels Friday, and was banned from holding public office for three years by a Milan court. Berlusconi was accused of
Published 27 Oct, 2012 12:00am
Malala 'will rise again': father

Malala 'will rise again': father

The father of Malala Yousufzai said on Friday his daughter was strong and would "rise again" to pursue her dreams after receiving treatment in a British hospital. Her father, Ziauddin Yousufzai, and other family members flew to Britain on Thursday to help
Published 27 Oct, 2012 12:00am
Malala 'will rise again': father

Malala 'will rise again': father

The father of Malala Yousufzai said on Friday his daughter was strong and would "rise again" to pursue her dreams after receiving treatment in a British hospital. Her father, Ziauddin Yousufzai, and other family members flew to Britain on Thursday to help
Published 27 Oct, 2012 12:00am
EU lawmakers tighten up financial market rules

EU lawmakers tighten up financial market rules

European Parliament approved new rules Friday to better protect investors across the whole financial services industry, widely blamed for many of the ills besetting the world economy. The aim is to curb speculation and make trade fairer by regulating fina
Published 27 Oct, 2012 12:00am
EU lawmakers tighten up financial market rules

EU lawmakers tighten up financial market rules

European Parliament approved new rules Friday to better protect investors across the whole financial services industry, widely blamed for many of the ills besetting the world economy. The aim is to curb speculation and make trade fairer by regulating fina
Published 27 Oct, 2012 12:00am
EU lawmakers tighten up financial market rules

EU lawmakers tighten up financial market rules

European Parliament approved new rules Friday to better protect investors across the whole financial services industry, widely blamed for many of the ills besetting the world economy. The aim is to curb speculation and make trade fairer by regulating fina
Published 27 Oct, 2012 12:00am
Over 100 dead as communal violence rocks Myanmar

Over 100 dead as communal violence rocks Myanmar

At least 112 people have been killed and thousands displaced in Buddhist-Muslim violence in western Myanmar, casting a shadow over the reformist government's attempts to remake the country's international image. People have fled their homes in droves foll
Published 27 Oct, 2012 12:00am
Over 100 dead as communal violence rocks Myanmar

Over 100 dead as communal violence rocks Myanmar

At least 112 people have been killed and thousands displaced in Buddhist-Muslim violence in western Myanmar, casting a shadow over the reformist government's attempts to remake the country's international image. People have fled their homes in droves foll
Published 27 Oct, 2012 12:00am
Pakistan condemns attack

Pakistan condemns attack

Pakistan on Friday condemned the terrorist attack outside a mosque in Afghanistan killing at least 40 people when a suicide bomber reportedly wearing a police uniform blew himself up just after Eidul Azha prayers in Maymana city. "The government of Pakist
Published 27 Oct, 2012 12:00am
Pakistan condemns attack

Pakistan condemns attack

Pakistan on Friday condemned the terrorist attack outside a mosque in Afghanistan killing at least 40 people when a suicide bomber reportedly wearing a police uniform blew himself up just after Eidul Azha prayers in Maymana city. "The government of Pakist
Published 27 Oct, 2012 12:00am
Suicide bomber kills over 40 at Afghan mosque

Suicide bomber kills over 40 at Afghan mosque

A suicide bomber slaughtered more than 40 people, including five children, when he struck at a mosque in northern Afghanistan after Eid-ul-Azha prayers on Friday, officials said. It was the worst death toll in a single attack in Afghanistan since 80 died
Published 27 Oct, 2012 12:00am
Suicide bomber kills over 40 at Afghan mosque

Suicide bomber kills over 40 at Afghan mosque

A suicide bomber slaughtered more than 40 people, including five children, when he struck at a mosque in northern Afghanistan after Eid-ul-Azha prayers on Friday, officials said. It was the worst death toll in a single attack in Afghanistan since 80 died
Published 27 Oct, 2012 12:00am
THE RUPEE: bears dominate money market

THE RUPEE: bears dominate money market

An easy trend was witnessed on the currency market amid shortened week, ended on October 25, due to Eid-ul-Azha holidays. The rupee lost 41-paisa against the dollar for buying at 95.80 and it dropped by 40-paisa for selling at 95.82.
Published 27 Oct, 2012 12:00am
THE RUPEE: bears dominate money market

THE RUPEE: bears dominate money market

An easy trend was witnessed on the currency market amid shortened week, ended on October 25, due to Eid-ul-Azha holidays. The rupee lost 41-paisa against the dollar for buying at 95.80 and it dropped by 40-paisa for selling at 95.82.
Published 27 Oct, 2012 12:00am
Thousands pray at Al-Aqsa for Eid

Thousands pray at Al-Aqsa for Eid

More than 50,000 Muslim worshippers flooded Al-Aqsa mosque compound in Jerusalem's Old City for prayers on Friday, the first day of Eid ul-Azha, Israeli police said. "Some 50,000 attended morning prayers on the Temple Mount, and another 7,000 were there f
Published 27 Oct, 2012 12:00am
Thousands pray at Al-Aqsa for Eid

Thousands pray at Al-Aqsa for Eid

More than 50,000 Muslim worshippers flooded Al-Aqsa mosque compound in Jerusalem's Old City for prayers on Friday, the first day of Eid ul-Azha, Israeli police said. "Some 50,000 attended morning prayers on the Temple Mount, and another 7,000 were there f
Published 27 Oct, 2012 12:00am
Eid-ul-Azha today

Eid-ul-Azha today

The nation is celebrating Eid-ul-Azha on Saturday (today) in all provinces, Islamabad, Azad Kashmir, Gilgit-Baltistan and Fata. The government has announced four Eid holidays in the country starting from Friday and lasting till Monday. People will attend
Published 27 Oct, 2012 12:00am
Eid-ul-Azha today

Eid-ul-Azha today

The nation is celebrating Eid-ul-Azha on Saturday (today) in all provinces, Islamabad, Azad Kashmir, Gilgit-Baltistan and Fata. The government has announced four Eid holidays in the country starting from Friday and lasting till Monday. People will attend
Published 27 Oct, 2012 12:00am
The Weather

The Weather

The weather report on Friday (October 26, 2012) and the forecast for Saturday (October 27, 2012).

Published 27 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 Oct, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Oct, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Oct, 2012 12:00am
BRIDGE NOTES: The theory of vacant places (Part-III)

BRIDGE NOTES: The theory of vacant places (Part-III)

We had concluded last week, that when suits start breaking evenly go for the even break. Therefore, our sub-role of vacant places states that: Length attracts shortage and shortage attracts length - equi partition attracts equi partition.
Published 27 Oct, 2012 12:00am
LITERARY NOTES: A good harvest of books

LITERARY NOTES: A good harvest of books

Senior Urdu writer and art critic Shafi Aqil keeps on giving us one quality book after another. His latest book 'Musawwari Mein Qadeem Aur Jadeed Ruhjanat' is the compilation of some important writers on the development of Art, particularly Pakistani Art.
Published 27 Oct, 2012 12:00am
A highly nutritious delicacy

A highly nutritious delicacy

The festival of Eid-ul-Azha is the remembrance of sacrifice and spirit of Prophet Ibrahim and his beloved son prophet Ismail (A.S). Eid-ul-Azha is reminder of Prophet Ibrahim's willingness to obey God when he dreamed that he was to sacrifice his son. "Sur
Published 27 Oct, 2012 12:00am
ART FACTS: The art of creating portraits

ART FACTS: The art of creating portraits

The portraiture is one of the oldest and most popular genres in the visual arts since the human beings have started to explore their creative abilities. When we go through history we find the most basic recording of all civilisations and cultures have hum
Published 27 Oct, 2012 12:00am
KARACHI CHRONICLE: The meaty feast

KARACHI CHRONICLE: The meaty feast

Since articles are written well before printing date, I always miss reporting on the lively discussions about meat consumption, sacrifice and favourite dishes that goes on without fail every Eid-ul-Azha, as if it were a ritual of the festivity. So last ye
Published 27 Oct, 2012 12:00am
Global firms count on China's new leaders to open spending taps

Global firms count on China's new leaders to open spending taps

Excitement around China's once-a-decade leadership change is spreading beyond diplomatic circles into corporate boardrooms: many foreign firms believe Beijing will ramp up state spending and lift demand when its new government takes office. Car maker BMW,
Published 27 Oct, 2012 12:00am
Brazil's economic recovery finally arrives

Brazil's economic recovery finally arrives

Just when it seemed the Brazilian economy was impervious to a year of non-stop stimulus policies, the recovery finally looks to be underway - this time, for real. Optimistic Brazilian policymakers have been forced to repeatedly slash their growth expectat
Published 27 Oct, 2012 12:00am
Anglo CEO Cynthia Carroll quits as share price lags

Anglo CEO Cynthia Carroll quits as share price lags

Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share price and continued dependence on strike-hit South Africa. A geologist by training, New Je
Published 27 Oct, 2012 12:00am
Hong Kong announces measures to cool property market

Hong Kong announces measures to cool property market

Hong Kong announced Friday it will raise real-estate purchasing and resale costs to cool its overheating property market down, in a move targeting non-local buyers and speculative activities. The prices of small and medium sized residential flats in the s
Published 27 Oct, 2012 12:00am
Germany approves General Motors-Peugeot tie-up

Germany approves General Motors-Peugeot tie-up

German competition authorities gave a green light Friday to the proposed alliance between French carmaker PSA Peugeot Citroen and its US rival General Motors, which owns Germany's Opel. "Although the strategic alliance results in a certain amount of marke
Published 27 Oct, 2012 12:00am
Tax gains lift Merck but sales disappoint

Tax gains lift Merck but sales disappoint

Merck & Co Inc posted a higher-than-expected quarterly profit as one-time tax gains helped offset plunging sales of its former flagship product, Singulair, an asthma drug that began facing cheaper generics in August. But overall third-quarter sales came i
Published 27 Oct, 2012 12:00am
Morocco inks offshore oil deal with UK's Chariot

Morocco inks offshore oil deal with UK's Chariot

British company Chariot Oil & Gas has signed an offshore oil exploration contract with Morocco granting it six permits for exploration in the kingdom's territory, authorities said on Friday. The contract signed on Thursday includes "six permits for explor
Published 27 Oct, 2012 12:00am
EU says ready to look at aid for Belgium after Ford job cuts

EU says ready to look at aid for Belgium after Ford job cuts

The European Commission said on Friday it was ready to discuss financial aid with the Belgian authorities for the thousands of workers being laid off by US auto giant Ford at its Genk plant. Ford Genk will be closed down by 2014 with the loss of 4,300 job
Published 27 Oct, 2012 12:00am
Laos accepted into WTO

Laos accepted into WTO

The World Trade Organisation approved Friday the membership of Laos, ending a 15-year effort by the small Southeast Asian communist nation to join the global trade body. After approval by the General Council, which represents the body's 157 members, WTO c
Published 27 Oct, 2012 12:00am
Spanish jobless rate breaks 25-percent barrier

Spanish jobless rate breaks 25-percent barrier

Spain announced Friday its jobless rate broke the 25-percent barrier for the first time as austerity cuts squeezed the recession-struck economy. Tens of thousands of jobs were destroyed in the third quarter as Prime Minister Mariano Rajoy's government rai
Published 27 Oct, 2012 12:00am
Putin reveals 'mixed feelings' over BP-Rosneft deal

Putin reveals 'mixed feelings' over BP-Rosneft deal

President Vladimir Putin said he had "mixed feelings" over the mega energy co-operation deal between BP and Russian state giant Rosneft but had eventually given his blessing to the transaction. Putin said that the deal had minuses as it did not correspond
Published 27 Oct, 2012 12:00am
French consumer confidence plumbs record lows

French consumer confidence plumbs record lows

The French have rarely been as pessimistic about their future, according to data released Friday, raising concerns they may cut back on consumption, the only remaining prop to economic growth in the country. In October the French consumer confidence index
Published 27 Oct, 2012 12:00am
Iran 's coal shipping trade booms despite Western heat

Iran 's coal shipping trade booms despite Western heat

Using shadowy middle men, multiple bank accounts and a fleet of ghost ships, Iran's coal trade is quietly booming as the Islamic Republic tries to side-step Western sanctions and prevent its industrial economy from crashing. Tougher measures imposed by th
Published 27 Oct, 2012 12:00am
German finance minister keeps up pressure on Greece

German finance minister keeps up pressure on Greece

Germany's finance minister Friday kept up the pressure on Greece to continue its reforms, as eurozone ministers prepared for a series of crucial meetings next week on the future of the crisis-hit country. Speaking on a documentary about the eurozone crisi
Published 27 Oct, 2012 12:00am
UBS 'rogue trader' in tears as gives evidence for first time

UBS 'rogue trader' in tears as gives evidence for first time

Kweku Adoboli, the UBS trader accused of losing $2.3 billion (1.78 billion euros), broke down in tears on Friday as he took to the witness stand for the first time in his trial in London. Before entering the witness box at Southwark Crown Court, Adoboli w
Published 27 Oct, 2012 12:00am
Apple iPad sales disappoint

Apple iPad sales disappoint

Apple Inc delivered another quarter of lacklustre results and iPad sales fell well short of Wall Street targets, pushing its stock down more than 1 percent. The world's most valuable technology company, whose share price flirted after hours with sub-$600
Published 27 Oct, 2012 12:00am
Apple iPad sales disappoint

Apple iPad sales disappoint

Apple Inc delivered another quarter of lacklustre results and iPad sales fell well short of Wall Street targets, pushing its stock down more than 1 percent. The world's most valuable technology company, whose share price flirted after hours with sub-$600
Published 27 Oct, 2012 12:00am
Hindustan Unilever second quarter profit up

Hindustan Unilever second quarter profit up

Consumer goods giant Hindustan Unilever (HUL), the Indian unit of Anglo-Dutch Unilever, on Friday reported an above-expected rise in quarterly profit. HUL, which is India's largest consumer goods maker, posted a 17 percent rise in net profit at 8.07 billi
Published 27 Oct, 2012 12:00am
Hindustan Unilever second quarter profit up

Hindustan Unilever second quarter profit up

Consumer goods giant Hindustan Unilever (HUL), the Indian unit of Anglo-Dutch Unilever, on Friday reported an above-expected rise in quarterly profit. HUL, which is India's largest consumer goods maker, posted a 17 percent rise in net profit at 8.07 billi
Published 27 Oct, 2012 12:00am
US consumers boost growth despite business caution

US consumers boost growth despite business caution

US economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Gross domestic product expanded at a 2 percent annual rate, the Commerce Department
Published 27 Oct, 2012 12:00am
Taiwan stocks at three-month low

Taiwan stocks at three-month low

Taiwan stocks fell 1.8 percent to their lowest closing level in almost three months on Friday, joining other regional bourses in declines on concerns over corporate earnings, and pressured by sharp drops in smartphone firm HTC and PC maker Acer Inc. The m
Published 27 Oct, 2012 12:00am
Southeast Asian markets: Thailand underperforms on the week

Southeast Asian markets: Thailand underperforms on the week

Thai stocks hit one-month low on Friday, posting their biggest weekly loss since July, as looming legal hurdles on 3G auction triggered selling in telecom shares while Vietnamese stocks rebounded after two sessions of losses.
Published 27 Oct, 2012 12:00am
Friday's early trade: Wall Street steadies

Friday's early trade: Wall Street steadies

US stocks were little changed on Friday, after data showed the economy grew at a faster pace than expected, overshadowing recent concerns about a disappointing earnings season so far. Investor sentiment got a boost after the Commerce Department said US gr
Published 27 Oct, 2012 12:00am
Wall Street manages slim gain, Apple falls after results

Wall Street manages slim gain, Apple falls after results

US stocks eked out small gains on Thursday in another uninspiring session on Wall Street, with worries about weak business spending keeping investors wary. After the close of trading, Apple Inc, the most valuable public company in the United States, poste
Published 27 Oct, 2012 12:00am
Seoul shares slide

Seoul shares slide

South Korean shares fell to their lowest close since September 6 on Friday in spite of record quarterly profit from heavyweight Samsung Electronics, thanks mainly to concerns that the won's strength and slowing demand will hurt the country's exporters. Th
Published 27 Oct, 2012 12:00am
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