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Print - 2012-10-30
China backs Pakistan policy on drone attacks

China backs Pakistan policy on drone attacks

Chairman Foreign Affairs Committee of the Chinese People's Political Consultative Conference (CPPCC), Zhao Qizheng, has said that China supports Pakistani policy pertaining to US drone strikes. Talking to media in Islamabad on Monday, he said that it was
Published 30 Oct, 2012 12:00am
13 killed in Karachi during three days of Eid

13 killed in Karachi during three days of Eid

At least 13 persons were killed in separate incidents of violence during Eid days in different areas of the city. According to police and rescue sources, the personnel of paramilitary Rangers during search operation in Lalabad area claimed life of a man,
Published 30 Oct, 2012 12:00am
JI chief links terrorism with US interference in region

JI chief links terrorism with US interference in region

Ameer, Jamaat-i-Islami, Syed Munawwawr Hasan, said that the terrorism in the region was due to US interference in the region. He was addressing Eid congregation here at Mansoora mosque. Syed Munawwar Hasan said India at the other hand carrying out state t
Published 30 Oct, 2012 12:00am
Poultry industry facing numerous challenges

Poultry industry facing numerous challenges

Poultry industry is facing many challenges in Pakistan. One of the most important threats is Newcastle diseases and avian influenza viruses that has adversely affected the investment and growth rate of poultry industry in many countries. Avian influenza i
Published 30 Oct, 2012 12:00am
China to provide scholarships to 500 Pakistani students

China to provide scholarships to 500 Pakistani students

China on Monday announced 500 scholarships for brilliant Pakistani students during this year and holding training workshops for Pakistani and Asian journalists. The announcement was made by former Chinese information minister and Chairman of the Foreign A
Published 30 Oct, 2012 12:00am
Khosa offers Eid prayers at Badshahi Mosque

Khosa offers Eid prayers at Badshahi Mosque

Governor Punjab Sardar Latif Khan Khosa offered Eid-ul-Azha prayers at the historic Badshahi Mosque here on Saturday. After the prayer, the Governor intermingled with the people and exchanged Eid greetings with them. Khateeb Badshahi Mosque Mufti Mohammed
Published 30 Oct, 2012 12:00am
MCCI lauds DCO's Eid arrangements

MCCI lauds DCO's Eid arrangements

President Multan Chamber of Commerce and Industry (MCCI) Muhammad Khan Saddozai has lauded the efforts of District Co-ordination Officer Nasim Sadiq for making arrangements to immediately lift and dispose of the offal of sacrificial animals.
Published 30 Oct, 2012 12:00am
Commissioner KMC visits complaint centres

Commissioner KMC visits complaint centres

Commissioner, Karachi Metropolitan Corporation, Matanat Ali Khan, along with Chief Officer Gulshan-e-Iqbal Town Shafiq-ur-Rehman visited the complaint centre and sites set up for collective slaughtering of the sacrificial animals in Gulshan on the occasio
Published 30 Oct, 2012 12:00am
Wattoo will come out of dream world soon: Sanaullah

Wattoo will come out of dream world soon: Sanaullah

Provincial Minister for Law, Rana Sanaullah has said that lotacracy expert, Manzoor Wattoo, will soon come out of the dream world and the dream of PPP, ruling Punjab, will remain a dream forever. He said that the world would witness the logical end of the
Published 30 Oct, 2012 12:00am
Career guidance seminar for doctors on November 10

Career guidance seminar for doctors on November 10

A career guidance seminar for doctors will be held at the Aga Khan University Hospital on November 10. This was announced here on Monday. According to it Dr Salman Ghauri, a consultant cardiologist at National Institute of Cardiovascular Diseases Karachi,
Published 30 Oct, 2012 12:00am
Prime Minister returns from Saudi Arabia

Prime Minister returns from Saudi Arabia

Prime Minister Raja Pervez Ashraf on Sunday returned from Saudi Arabia after performing Hajj. The Prime Minister was on a visit to Saudi Arabia as a special guest of Khadimul Harmain Sharifain King Abdullah bin Abdul Aziz who had sent him an invitation fo
Published 30 Oct, 2012 12:00am
Prime Minister condemns blast

Prime Minister condemns blast

Prime Minister Raja Pervez Ashraf has strongly condemned the blast in Kaka Sahib Shrine, Nowshera resulting in death of innocent people and injuries to many. The Prime Minister said that extremists and militants have no respect for humanity or religion. T
Published 30 Oct, 2012 12:00am
Prime Minister greets Punjab CM, political leaders on Eid-ul-Azha

Prime Minister greets Punjab CM, political leaders on Eid-ul-Azha

Prime Minister Raja Pervez Ashraf phoned Chief Minister Punjab Mian Shahbaz Sharif on Monday and greeted him on the auspicious occasion of Eid ul Azha. He also congratulated the Prime Minister on performing Hajj. Prime Minister phoned Leader of Opposition
Published 30 Oct, 2012 12:00am
Election would be free, fair: Gilani

Election would be free, fair: Gilani

Former Prime Minister Syed Yousaf Raza Gilani has reaffirmed to constitute the Saraiki province prior to general elections while jurisdiction of the province would be settled very soon with the consult of all stakeholders. Talking to newsmen here today Gi
Published 30 Oct, 2012 12:00am
CDA fails to dispose of offal

CDA fails to dispose of offal

The management of Capital Development Authority (CDA) has failed to dispose of the intestines, offal and carcasses of sacrificial animals from the jurisdiction of capital city during the Eidul Azha. A visit of the city revealed that CDA sanitation staff d
Published 30 Oct, 2012 12:00am
TTP condemns Nowshera blast

TTP condemns Nowshera blast

The Tehreek-e-Taliban Pakistan (TTP) has condemned the blast incident outside the shrine of Kaka Sahib that took lives of four people and injured several others here on Sunday. In a statement, TTP spokesman Ehsanullah Ehsan said the militant outfit had no
Published 30 Oct, 2012 12:00am
Barrister Masood, Hoti offer Eid prayers at Governor's House

Barrister Masood, Hoti offer Eid prayers at Governor's House

The Khyber Pakhtunkhwa Governor, Barrister Masood Kausar accompanied by the provincial Chief Minister, Amir Haider Khan Hoti and the Speaker of the Provincial Assembly, Karamatullah Khan offered Eid-ul-Azha prayers at Governor's House, Peshawar on Saturda
Published 30 Oct, 2012 12:00am
PML-Q leaders offer Eid prayers in Gujrat

PML-Q leaders offer Eid prayers in Gujrat

Pakistan Muslim League senior leader and Deputy Prime Minister Chaudhry Parvez Elahi, Federal Minister for Human Resource Development Chaudhry Wajahat Hussain, Shafay Hussain and Rasikh Elahi offered Eid prayers in Gujrat on Saturday and prayed for solida
Published 30 Oct, 2012 12:00am
Senior jail officials conduct surprise raids

Senior jail officials conduct surprise raids

The Punjab government has started the process of surprise raids headed by the senior officials of the Prisons Department to solve the people's problems during their visit to prisons. Provincial Minister for Prisons, Malik Iqbal Channar said that the proce
Published 30 Oct, 2012 12:00am
Prices of hides register 15-20 percent hike

Prices of hides register 15-20 percent hike

The prices of hides of sacrificial animals registered 15-20 percent increase on this Eid-ul-Azha as compared to last year, while around 5.6 million sacrificial animals were sacrificed across the country which is 2-2.5 percent more when compared with previ
Published 30 Oct, 2012 12:00am
COAS, Air Chief call on President

COAS, Air Chief call on President

Chief of the Army Staff General Ashfaq Parvez Kayani and Chief of the Air Staff Air Chief Marshal Tahir Rafique Butt called on President Asif Ali Zardari here at Aiwan-e-Sadr on Saturday and exchanged Eid greetings with him. The Chief of Army Staff and th
Published 30 Oct, 2012 12:00am
478 prisoners released on Eidul Azha

478 prisoners released on Eidul Azha

As many as 478 prisoners including seven Indian fishermen were released from Malir District jail on humanitarian grounds before Eid-ul-Azha. According to Jail officials, District and Sessions Judge, Malir, Muhammad Yameen and Judicial Magistrates during j
Published 30 Oct, 2012 12:00am
Pakistan needs unity, solidarity & harmony: PML-N chief

Pakistan needs unity, solidarity & harmony: PML-N chief

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif along with his family members celebrated Eid-ul-Azha at his Raiwind residence. Nawaz offered his Eid prayers at Jati Umra on Saturday. After offering Eid prayers Nawaz met his party leaders and w
Published 30 Oct, 2012 12:00am
Eid-ul-Azha celebrated in Lahore

Eid-ul-Azha celebrated in Lahore

Like other parts of the country, Eid-ul-Azha, commemorating Prophet Ibrahim's (AS) readiness to sacrifice his son Prophet Ismail (AS) for Allah, was celebrated here on Saturday with religious fervour and zeal. Eid congregations were held in Eidgahs, mosqu
Published 30 Oct, 2012 12:00am
Pleasant weather adds charm to Eid festivities in Islamabad

Pleasant weather adds charm to Eid festivities in Islamabad

Families and youngsters on second and third day of Eid thronged the public parks, open air places and hill sides to celebrate Eid with Bar B Cue parties that filled the air with smoked aroma of grilled foods. Bar B Que parties through family and friend ge
Published 30 Oct, 2012 12:00am
Prime Minister condoles Khaliq Bashar's death

Prime Minister condoles Khaliq Bashar's death

Prime Minister Raja Pervez Ashraf has expressed deep grief and sorrow over the passing away of Abdul Khaliq Bashar Dost, Minister for Local Government, Balochistan Province. In his message, the prime minister conveyed his heartfelt condolences and sympath
Published 30 Oct, 2012 12:00am
Workshop on Islamic Ornamentation

Workshop on Islamic Ornamentation

The National Art Gallery of Pakistan National Council of the Arts (PNCA) has arranged a workshop on Islamic ornamentation here from November 12 to 19. Expert of calligraphy and ornamentation Abdul Razzaq Razi will conduct the workshop for students, amateu
Published 30 Oct, 2012 12:00am
Many celebrate Eid in offices

Many celebrate Eid in offices

A large number of people working in emergency departments of different organisations celebrated Eid in offices. Police cops, staffs of hospitals, toll plaza, media, airport, railways and sanitary workers were bound to remain on duty during Eid days.
Published 30 Oct, 2012 12:00am
PAAPAM awaits reduction in age of imported used cars

PAAPAM awaits reduction in age of imported used cars

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) is eagerly looking forward to a decision of the federal government on reducing the age of used imported cars, industry sources told Business Recorder on Monday.
Published 30 Oct, 2012 12:00am
Four killed, 25 injured in Sufi shrine blast

Four killed, 25 injured in Sufi shrine blast

At least four persons were killed and scores of others injured in a blast at a Sufi shrine in Nowshera here on Sunday, reports said. The blast at Ziarat Kaka Sahib shrine in Nowshera killed at least two persons and injured around 25 others, police sources
Published 30 Oct, 2012 12:00am
Boy's murder: Shahbaz assures bereaved family of justice

Boy's murder: Shahbaz assures bereaved family of justice

Punjab Chief Minister Shahbaz Sharif has said that the criminal involved in molesting and murdering an innocent boy is not a human but a beast and will not be able to escape due punishment. He directed that the challan of this tragic incident be completed
Published 30 Oct, 2012 12:00am
Aseefa spends Eid with Malala family

Aseefa spends Eid with Malala family

Aseefa Bhutto Zardari spent Eid with Malala's family here on Friday. Accompanied by Pakistan High Commissioner for UK Wajid Shamsul Hasan, Aseefa travelled from Oxford Brooks University, where she is currently studying, to Birmingham to meet Malala's pare
Published 30 Oct, 2012 12:00am
US says Imran delay issue at Toronto airport resolved

US says Imran delay issue at Toronto airport resolved

The United States has said the issue concerning delay in Pakistan Tehreek-e-Insaaf chairman Imran Khan's travel to New York from Toronto airport has been resolved and that he is welcome in the country. "The issue was resolved," a State Department official
Published 30 Oct, 2012 12:00am
Pakistan not to expel Afghan refugees by force: Asma

Pakistan not to expel Afghan refugees by force: Asma

Advisor to UNHCR and Pakistan People's Party (PPP) MNA, Asma Alamgir, has reiterated her government's commitment not to expel the Afghan refugees from its soil by force and continue to support them till the permanent solution to the crisis. Addressing the
Published 30 Oct, 2012 12:00am
Smeda to observe Global Young Entrepreneurs Week

Smeda to observe Global Young Entrepreneurs Week

Small and Medium Enterpreneurs Development Authority (Smeda) is going to organise Gen-Y- Exhibition in next month. The event will be held in connections with the Global Young Entrepreneurs Week that is being observed from November 12 to 18, 2012.
Published 30 Oct, 2012 12:00am
National refinery Limited

National refinery Limited

The second largest refinery in the country is involved in the business of refining crude oil since 1966. It is a petroleum refining and petrochemical company engaged in manufacturing and supplying a wide range of fuel products, lubes, asphalts and special
Published 30 Oct, 2012 12:00am
National refinery Limited

National refinery Limited

The second largest refinery in the country is involved in the business of refining crude oil since 1966. It is a petroleum refining and petrochemical company engaged in manufacturing and supplying a wide range of fuel products, lubes, asphalts and special
Published 30 Oct, 2012 12:00am
Administrator Karachi visits gutted factory building

Administrator Karachi visits gutted factory building

KMC Administrator Muhammad Hussain Syed said here on Monday that Karachi Metropolitan Corporation was serving the citizens by utilising all of its available resources. While inspecting the gutted factory building near Gulbai, he said Karachi was a city of
Published 30 Oct, 2012 12:00am
JI leader urges government to reduce petrol price

JI leader urges government to reduce petrol price

Secretary General Jamaat-i-Islami Pakistan, Liaqat Baloch has said that the government is hatching a conspiracy to sabotage the order of the Supreme Court in connection with CNG price reduction. During his visit to various animal-skin collection points of
Published 30 Oct, 2012 12:00am
PPP to retain power after next election: Sharjeel

PPP to retain power after next election: Sharjeel

Sindh Minister for Information, Sharjeel Memon has said that PPP will come into government again through the power of people in the next general election. In a statement issued here on Monday, he said that the PPP will continue to serve the masses.
Published 30 Oct, 2012 12:00am
CNG stations will remain closed for two days

CNG stations will remain closed for two days

All the CNG stations in Lahore, Sheikhupura, Sahiwal, Multan, Gujranawala and Gujrat regions would remain close for two days from Tuesday as a weekly gas load management plan as announced by Sui Northern Gas Pipe lines Limited (SNGPL). Chairman CNG associ
Published 30 Oct, 2012 12:00am
Chemical factory fire put out after 30 hours' struggle

Chemical factory fire put out after 30 hours' struggle

The fire that broke out at private chemical factory here on late Saturday night has been extinguished after the lapse of 30 hours with cooling process in progress. According to rescue sources, the massive fire erupted at Metatex Chemical factory located i
Published 30 Oct, 2012 12:00am
Serving humanity is our guiding principle: Altaf

Serving humanity is our guiding principle: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that the purpose of the MQM's politics is not merely to attain political power, but serving the humanity. He said "serving the people is our politics and our politics centred around serving the p
Published 30 Oct, 2012 12:00am
PU vice chancellor hosts Eid Milan party for Baloch students

PU vice chancellor hosts Eid Milan party for Baloch students

Punjab University Vice Chacnellor Professor Dr Mujahid Kamran on the first Eid day hosted an Eid Milan party and lunch in the honour of Baloch students admitted on reserved seats. Professor Dr Liaqat Ali, Professor Dr Mansoor Sarwar, Professor Dr Shaukat
Published 30 Oct, 2012 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold edged lower on Monday on worries about the global economy, and trading was far below normal as a monster hurricane began battering the US East Coast and exchanges were shut in New York. CME Group Inc closed the COMEX/NYMEX trading floor while keeping
Published 30 Oct, 2012 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

US soyabean futures fell 2 percent on Monday and appear headed for their biggest daily slide in almost a month due to long liquidation prompted by crop-friendly weather forecasts for top producer Brazil and by concerns of Hurricane Sandy's impact on the U
Published 30 Oct, 2012 12:00am
Gold holds near $1,710 in European trade

Gold holds near $1,710 in European trade

Gold held near $1,710 an ounce on Monday as concerns over the global growth outlook supported demand for the metal as a store of value, but losses in the broader financial markets kept up some pressure on prices. Resilience above $1,700 an ounce, a level
Published 30 Oct, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged up on Monday after robust US economic data lifted prices in the previous session, but gains could be capped by a firmer US dollar, as well as lingering concerns about Greece's debt woes and a possible bailout for Spain. Gold climbed $4.24 an ou
Published 30 Oct, 2012 12:00am
Palm oil ends lower; Indonesia tax cut weighs

Palm oil ends lower; Indonesia tax cut weighs

Malaysian palm oil futures dropped on Monday after a long weekend break, as losses in other vegetable oil markets during the Eid holiday and an export tax cut by Indonesia prompted traders to book profit. Last Friday, US soyoil lost 1 percent while the Ch
Published 30 Oct, 2012 12:00am
Arabica coffee climbs

Arabica coffee climbs

Arabica coffee futures trading on ICE turned higher after hitting a four-month low on Monday, on concern about possible flooding in areas where stocks are stored on the US East Coast and as the market approached a key support level. Liffe robusta coffee f
Published 30 Oct, 2012 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Key TOCOM rubber futures eased off a one-week high hit earlier on Monday to close down 0.5 percent, tracking falls in crude oil and stocks, but hopes for further stimulus measures by the Bank of Japan limited losses. The benchmark Tokyo Commodity Exchange
Published 30 Oct, 2012 12:00am
New York cotton up in light trade after Hurricane Sandy

New York cotton up in light trade after Hurricane Sandy

US cotton futures rose in thin trading on Monday, with players sidelined by the vacuum in activity on Wall Street and other key financial markets due to Hurricane Sandy. The most-actively traded December cotton contract on ICE Futures US settled up 0.19 c
Published 30 Oct, 2012 12:00am
US gasoline prices jump, crude dips as Sandy blows in

US gasoline prices jump, crude dips as Sandy blows in

US gasoline futures rallied while benchmark crude oil prices dipped on Monday as Hurricane Sandy slowed East Coast fuel deliveries to a crawl, with major refineries shut, pipelines idle and ports closed. Nearly 70 percent of the region's refining capacity
Published 30 Oct, 2012 12:00am
Copper sinks to seven-week low

Copper sinks to seven-week low

Copper hit a 7-week low on Monday as the euro fell and as concern about global growth, heightened by disappointing corporate earnings, dented risk appetite and overshadowed solid US third-quarter economic growth. Activity was expected to be thin as Hurric
Published 30 Oct, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded February copper contract on the Shanghai Futures Exchange edged down 0.18 percent to 56,920 yuan ($9,100) a tonne on Monday. SHFE figures paint a similar picture, notes Standard Bank, as open interest last week gained 6.9 percent while pri
Published 30 Oct, 2012 12:00am
Air strikes, car bombs wreck last day of Syria 'truce'

Air strikes, car bombs wreck last day of Syria 'truce'

Syrian jets bombed parts of Damascus on Monday in what residents said were the capital's fiercest air raids yet, at the end of what was supposed to be a four-day truce. "More than 100 buildings have been destroyed, some levelled to the ground," said oppos
Published 30 Oct, 2012 12:00am
UN chief renews nuclear disarmament plea

UN chief renews nuclear disarmament plea

UN chief Ban Ki-moon renewed an appeal Monday for global nuclear disarmament, with a special plea to North Korea to divert its scant resources from nuclear weapons to improving living standards. "Some say nuclear disarmament is utopian... I say the illusi
Published 30 Oct, 2012 12:00am
South Korea sets new window for rocket launch

South Korea sets new window for rocket launch

South Korea said Monday it would make another attempt to send a satellite into space next month after a scheduled rocket launch last week was cancelled because of a technical glitch. A Science Ministry statement said the 140-tonne Korea Space Launch Vehic
Published 30 Oct, 2012 12:00am
Russia seeks missing ship with 8 crew, gold ore cargo

Russia seeks missing ship with 8 crew, gold ore cargo

Russia on Monday searched for a cargo ship with at least eight crew on board and carrying 700 tonnes of gold ore that went missing off the country's east coast in stormy conditions, officials said. Three ships carried out a search of the icy Okhotsk Sea,
Published 30 Oct, 2012 12:00am
Egypt's Copts choose new pope

Egypt's Copts choose new pope

Egypt's Coptic Christians voted on Monday for a new leader to succeed Pope Shenuda III, who died in March leaving behind a community anxious about its status under an Islamist-led government. More than 1,000 eligible voters - Coptic public officials, MPs
Published 30 Oct, 2012 12:00am
Skyfall breaks 007's British box office record

Skyfall breaks 007's British box office record

"Skyfall" has taken more in its opening weekend at the British box office than any previous James Bond film, its producers said on Monday. Starring Daniel Craig as 007 for a third time, "Skyfall" has made £20.1 million ($32.2 million, 25.0 million euros)
Published 30 Oct, 2012 12:00am
Observers slam Ukraine poll as ruling party nears victory

Observers slam Ukraine poll as ruling party nears victory

Ukraine's ruling party was set Monday to beat the allies of jailed ex-premier Yulia Tymoshenko in legislative elections that observers condemned as a setback for the ex-Soviet state's nascent democracy. Prime Minister Mykola Azarov predicted that the Regi
Published 30 Oct, 2012 12:00am
Berlusconi party loses key Sicily vote

Berlusconi party loses key Sicily vote

Italian ex-premier Silvio Berlusconi's People of Freedom party (PDL) on Monday lost a key regional election in Sicily seen as a barometer for national polls due in April, handing victory to a centre-left anti-Mafia candidate. With over 50 percent of votes
Published 30 Oct, 2012 12:00am
Thousands of Turks defy ban to mark Republic Day

Thousands of Turks defy ban to mark Republic Day

Thousands of pro-secular Turks marched Monday in Ankara to mark Republic Day, defying a ban by the moderate Islamist government. Carrying national flags, demonstrators shouted slogans, "Fully independent Turkey," and "We are soldiers of Mustafa Kemal," re
Published 30 Oct, 2012 12:00am
Ethiopia charges 29 under anti-terror law

Ethiopia charges 29 under anti-terror law

Twenty-nine Ethiopian Muslims were charged Monday with plotting acts of "terrorism", the majority arrested after protests accusing the government of interference in religious affairs. According to court documents, the group is accused of "intending to adv
Published 30 Oct, 2012 12:00am
Obama races back to White House as hurricane threatens

Obama races back to White House as hurricane threatens

President Barack Obama left the campaign trail Monday to lead his nation at a moment of crisis, steering the response to Hurricane Sandy, which left the endgame of the White House race in turmoil. Republican Mitt Romney joined the president in cancelling
Published 30 Oct, 2012 12:00am
'Government approves Rs 5 billion bailout package for PSM'

'Government approves Rs 5 billion bailout package for PSM'

The government plans to seek technical assistance from China and Russia to enhance production capability of Pakistan Steel Mills. Talking to newsmen in Khushab‚ Minister for Production, Chaudhry Anwar Ali Cheema said the government has approved a Rs 5 bil
Published 30 Oct, 2012 12:00am
International Paper profit down on weak packaging sales

International Paper profit down on weak packaging sales

International Paper Co posted a lower-than-expected profit on Thursday due to weak sales of consumer packaging in North America and Asia. IP, one of the world's largest producers of corrugated packaging and paper, does not expect the global economy to imp
Published 30 Oct, 2012 12:00am
Hong Kong shares slip as developers tumble; China hits one-month low

Hong Kong shares slip as developers tumble; China hits one-month low

Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The Hang Seng Index ended down 0.
Published 30 Oct, 2012 12:00am
NYSE to remain shut due to storm

NYSE to remain shut due to storm

The New York Stock Exchange was closed on Monday and would remain shut down for a second day Tuesday as Hurricane Sandy bore down on the city, threatening high winds and flooding. "We intend to re-open our US markets on Wednesday, October 31, 2012, condit
Published 30 Oct, 2012 12:00am
Australian shares inch up

Australian shares inch up

Australian shares rose 0.1 percent on Monday, supported by miners and retailers following upbeat US growth figures, though they pared early gains due to uncertainty as Wall Street markets were set to close because of a massive storm. US economic growth ac
Published 30 Oct, 2012 12:00am
Southeast Asian markets: banks outperform in Malaysia, Philippines

Southeast Asian markets: banks outperform in Malaysia, Philippines

Malaysian shares ended slightly higher on Monday as favourable earnings underpinned buying in banks such as Public Bank, while Philippine shares regained some ground lost early as a Moody's upgrade lifted sentiment in banking stocks. Malaysia's main index
Published 30 Oct, 2012 12:00am
Nikkei steadies as BoJ hopes offset earnings disappointments

Nikkei steadies as BoJ hopes offset earnings disappointments

Japan's Nikkei share average ended flat on Monday as disappointment about a profit warning from Honda Motor Co was balanced by hopes that the Bank of Japan will substantially expand its easing programme when it meets on Tuesday. Honda fell 4.7 percent in
Published 30 Oct, 2012 12:00am
Indian shares flat; Reliance gains, BHEL slumps

Indian shares flat; Reliance gains, BHEL slumps

Indian shares ended flat on Monday as Reliance Industries gained on hopes the appointment of a new oil minister would improve relations with the government, but Bharat Heavy Electrical dropped after quarterly earnings missed estimates. The finance ministe
Published 30 Oct, 2012 12:00am
Egypt's index climbs

Egypt's index climbs

Egypt's benchmark index climbs to its highest in over a month ahead of an IMF visit to Cairo that investors hope will lead to a quick loan accord that puts the economy back on track. Egypt has asked the International Monetary Fund for $4.8 billion in fina
Published 30 Oct, 2012 12:00am
Ten EU nations get go-ahead on 'Robin Hood' finance tax

Ten EU nations get go-ahead on 'Robin Hood' finance tax

The European Commission on Tuesday backed plans by 10 EU nations to launch a hotly contested "Robin Hood" financial transactions tax expected to raise billions for the public purse. After plans to launch the tax across the European Union were scuttled dur
Published 30 Oct, 2012 12:00am
Nasdaq net falls as trading volumes decline

Nasdaq net falls as trading volumes decline

Nasdaq OMX Group's third-quarter profit fell 18 percent, due in part to a drop in trading volumes in US and Nordic equities, the exchange operator said on Wednesday. The New York-based company earned $89 million, or 52 cents per share, down from $109 mill
Published 30 Oct, 2012 12:00am
Wal-Mart in China, pushes suppliers down green path

Wal-Mart in China, pushes suppliers down green path

Wal-Mart Stores Inc has given global suppliers five years to comply with its environmental rules or risk being pushed off US shelves at the world's largest retailer, expanding a sustainability campaign launched in 2009. The new requirements, announced in
Published 30 Oct, 2012 12:00am
Credit Suisse to cut $1 billion more costs as profits fall

Credit Suisse to cut $1 billion more costs as profits fall

Credit Suisse will cut an extra 1 billion Swiss francs ($1.1 billion) of costs, including axing more jobs, after its third-quarter net profit more than halved due to losses on the value of its own debt. Volatile financial markets, a dearth of deals and ti
Published 30 Oct, 2012 12:00am
Credit Suisse to cut $1 billion more costs as profits fall

Credit Suisse to cut $1 billion more costs as profits fall

Credit Suisse will cut an extra 1 billion Swiss francs ($1.1 billion) of costs, including axing more jobs, after its third-quarter net profit more than halved due to losses on the value of its own debt. Volatile financial markets, a dearth of deals and ti
Published 30 Oct, 2012 12:00am
Mine unrest cuts South Africa growth forecast to 2.5 percent: minister

Mine unrest cuts South Africa growth forecast to 2.5 percent: minister

South Africa's economic growth will slow to 2.5 percent this year after wildcat mining strikes cost $1.2 billion and dimmed the outlook for Africa's powerhouse, Finance Minister Pravin Gordhan said Thursday. "Economic growth in South Africa has slowed to
Published 30 Oct, 2012 12:00am
Delta, US Airways post profits

Delta, US Airways post profits

US carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a weaker September. Delta's profit was a penny shy of analysts' average estimates, excluding spe
Published 30 Oct, 2012 12:00am
Delta, US Airways post profits

Delta, US Airways post profits

US carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a weaker September. Delta's profit was a penny shy of analysts' average estimates, excluding spe
Published 30 Oct, 2012 12:00am
Brazil job market remained strong in September

Brazil job market remained strong in September

Brazil's unemployment rate rose slightly in September despite a pick up in hiring as more people started looking for jobs, government data showed on Thursday. Brazil's jobless rate edged up to 5.4 percent, statistics agency IBGE said, from 5.3 percent in
Published 30 Oct, 2012 12:00am
Daimler doubts deepen as 2013 group targets scrapped

Daimler doubts deepen as 2013 group targets scrapped

Investors punished Daimler for shelving plans to improve group profit next year, showing they fear the carmaker's management has not yet grasped the scale of its problems. Premium carmakers, which until recently had sailed unscathed through the crisis pla
Published 30 Oct, 2012 12:00am
Canon cuts outlook as China boycott adds to exporters' woes

Canon cuts outlook as China boycott adds to exporters' woes

Japan's Canon Inc cut its full-year earnings outlook and posted a weaker-than-expected quarterly profit as Chinese consumers began shunning Japanese products over a territorial spat, adding to corporate Japan's pain from a slowing global economy. The came
Published 30 Oct, 2012 12:00am
Daimler doubts deepen as 2013 group targets scrapped

Daimler doubts deepen as 2013 group targets scrapped

Investors punished Daimler for shelving plans to improve group profit next year, showing they fear the carmaker's management has not yet grasped the scale of its problems. Premium carmakers, which until recently had sailed unscathed through the crisis pla
Published 30 Oct, 2012 12:00am
Canon cuts outlook as China boycott adds to exporters' woes

Canon cuts outlook as China boycott adds to exporters' woes

Japan's Canon Inc cut its full-year earnings outlook and posted a weaker-than-expected quarterly profit as Chinese consumers began shunning Japanese products over a territorial spat, adding to corporate Japan's pain from a slowing global economy. The came
Published 30 Oct, 2012 12:00am
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