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Print - 2012-11-17
Russia's lower house approves tight budget

Russia's lower house approves tight budget

Russia's lower house of parliament approved a tight federal budget for the next three years on Friday and gave its backing for new fiscal rules aimed at controlling spending. Divisions within President Vladimir Putin's government over fiscal strategy have
Published 17 Nov, 2012 12:00am
China to obey ruling on US steel imports: WTO

China to obey ruling on US steel imports: WTO

China said Friday it would change its restrictive policy on certain steel imports from the United States after the World Trade Organisation declared that China was in breach of international trade rules. After a meeting of the world trade arbiter's disput
Published 17 Nov, 2012 12:00am
Australia creates world's largest marine reserves

Australia creates world's largest marine reserves

Australia Friday created the world's largest network of marine reserves, protecting a huge swathe of ocean environment despite claims it will devastate the fishing industry. The announcement, after years of planning and consultation, will significantly ex
Published 17 Nov, 2012 12:00am
China pushes exports, flags ambitions at arms fair

China pushes exports, flags ambitions at arms fair

China is flexing its muscles as an arms exporter with a growing array of indigenous weaponry, offering something for most budgets in the global arms bazaar and revealing its wider ambitions to strategic rivals and watchful neighbours. As a new leadership
Published 17 Nov, 2012 12:00am
China reports 21.6 billion yuan net FX purchase

China reports 21.6 billion yuan net FX purchase

Chinese banks were net buyers of foreign exchange in October for the second month in a row, signalling a gentle recovery of capital inflows as the world's second-largest economy regains momentum on the back of pro-growth policies.
Published 17 Nov, 2012 12:00am
Obama says 'tough compromises' needed in fiscal cliff talks

Obama says 'tough compromises' needed in fiscal cliff talks

President Barack Obama said Friday that Democrats and Republicans needed to make "tough compromises" in order to overcome divisions over deficit reduction and avoid the fiscal cliff. Opening talks aimed at avoiding a year-end tax and spending crunch that
Published 17 Nov, 2012 12:00am
Foreigners sour on US government debt in September: Treasury

Foreigners sour on US government debt in September: Treasury

Foreigners sold US government bonds in September for the first time in nine months and bought stocks and mortgage debt as the Federal Reserve began a new round of monetary easing, US Treasury data showed on Friday. Overseas investors reduced Treasury hold
Published 17 Nov, 2012 12:00am
Foreigners sour on US government debt in September: Treasury

Foreigners sour on US government debt in September: Treasury

Foreigners sold US government bonds in September for the first time in nine months and bought stocks and mortgage debt as the Federal Reserve began a new round of monetary easing, US Treasury data showed on Friday. Overseas investors reduced Treasury hold
Published 17 Nov, 2012 12:00am
Twinkie maker Hostess to liquidate

Twinkie maker Hostess to liquidate

Hostess Brands Inc, maker of the iconic US sweet Twinkies and Wonder Bread, said Friday it intends to shut down and liquidate its assets after failing to reach a compromise with union leaders. The 82-year-old Irving, Texas- based Hostess, one of the count
Published 17 Nov, 2012 12:00am
Eurozone current account surplus shrinks: ECB

Eurozone current account surplus shrinks: ECB

The eurozone's current account surplus slumped to 800 million euros ($1.02 billion) in September from 10.9 billion euros the previous month, European Central Bank data showed on Friday. The current account on the balance of payments, which includes import
Published 17 Nov, 2012 12:00am
Eurozone current account surplus shrinks: ECB

Eurozone current account surplus shrinks: ECB

The eurozone's current account surplus slumped to 800 million euros ($1.02 billion) in September from 10.9 billion euros the previous month, European Central Bank data showed on Friday. The current account on the balance of payments, which includes import
Published 17 Nov, 2012 12:00am
US Postal Service bleeds $16 billion

US Postal Service bleeds $16 billion

The US Postal Service tripled its losses in 2012, bleeding $15.9 billion as the state-owned enterprise faces tough competition and what it calls onerous and unfair retirement funding requirements. The US mail said its losses rocketed in the year to Septem
Published 17 Nov, 2012 12:00am
ECB's Weidmann says Greece would have to earn haircut

ECB's Weidmann says Greece would have to earn haircut

Any new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday. A row between euro zone governments and the International M
Published 17 Nov, 2012 12:00am
ECB's Weidmann says Greece would have to earn haircut

ECB's Weidmann says Greece would have to earn haircut

Any new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday. A row between euro zone governments and the International M
Published 17 Nov, 2012 12:00am
Thousands of angry Jordanians call for king to go

Thousands of angry Jordanians call for king to go

Thousands of protesters made unprecedented calls on Friday for Jordan's King Abdullah II to go, as police blocked them from heading to the royal palace to vent their anger over big fuel price increases. "Freedom, freedom, down with Abdullah," chanted crow
Published 17 Nov, 2012 12:00am
Storm Sandy knocks US industrial output in October

Storm Sandy knocks US industrial output in October

US industrial output unexpectedly fell in October as Superstorm Sandy disrupted production, but factory activity appeared at a stand-still even aside from the storm. Production at the nation's mines, factories and refineries contracted 0.4 percent last mo
Published 17 Nov, 2012 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slid on Friday as investor sentiment remained cautious on concerns over the US fiscal stand-off, and Europe's return to recession for the first time since 2009. Foreigners continued to offload South Korean stocks for the seventh consecutive s
Published 17 Nov, 2012 12:00am
Hong Kong and China shares post second straight weekly losses

Hong Kong and China shares post second straight weekly losses

Shares listed in mainland China fell on Friday, suffering a second straight weekly loss and crimping gains in Hong Kong, as investors reduced risk on uncertainty about the policies of the country's new leaders. The Shanghai Composite Index and the CSI300
Published 17 Nov, 2012 12:00am
Wall Street flat

Wall Street flat

US stocks were little changed on Thursday as the prospect of a drawn-out battle over impending tax and spending changes made investors wary of getting into the water, while retailer Wal-Mart tumbled after disappointing sales. The S&P 500 is down nearly 2
Published 17 Nov, 2012 12:00am
Indian shares fall to two-month low

Indian shares fall to two-month low

Indian shares fell for a sixth consecutive session on Friday to two-month lows, as bluechips such as ICICI Bank were hit by caution ahead of the resumption of the winter parliament session, which is seen as a key test for the government's reform credentia
Published 17 Nov, 2012 12:00am
Southeast Asian markets: Thailand recovers; others mixed

Southeast Asian markets: Thailand recovers; others mixed

Thai stocks recovered from a seven-week low on Friday while other major Southeast Asian stock markets ended weaker-to-flat as global economic concerns led by the US 'fiscal cliff' and the eurozone debt crisis weighed on the region's risky assets. Thailand
Published 17 Nov, 2012 12:00am
Treasuries edge higher

Treasuries edge higher

US government debt prices edged higher on Thursday on worries about protracted budget talks in Washington and a showdown between Israel and the Palestinians, but safe-haven gains were limited by sentiment that the market might be overbought.
Published 17 Nov, 2012 12:00am
Treasuries edge higher

Treasuries edge higher

US government debt prices edged higher on Thursday on worries about protracted budget talks in Washington and a showdown between Israel and the Palestinians, but safe-haven gains were limited by sentiment that the market might be overbought.
Published 17 Nov, 2012 12:00am
Nikkei jumps 2.2 percent

Nikkei jumps 2.2 percent

The Nikkei average rallied 2.2 percent on Friday, regaining the key 9,000-mark, as investors bet Japan's main opposition party will win next month's election and put more pressure on the central bank to stimulate the ailing economy. The call by the Libera
Published 17 Nov, 2012 12:00am
Macro woes push European shares to 3-1/2 month low

Macro woes push European shares to 3-1/2 month low

European shares sank to a 3-1/2-month closing low on Friday and chalked up their worst week since the end of May on persistent concerns over US fiscal policy and the euro zone debt crisis. The FTSEurofirst 300 ended down 1 percent at 1,067.45, its lowest
Published 17 Nov, 2012 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks fell 0.2 percent on Friday, although smartphone maker HTC Corp surged almost 5 percent on reports its market share in China had doubled to 5.8 percent in the third quarter from the second. The main TAIEX index closed down 13.77 points at 7,1
Published 17 Nov, 2012 12:00am
Australian shares post biggest weekly fall since May

Australian shares post biggest weekly fall since May

Australian shares slipped 0.3 percent on Friday to post their biggest weekly fall since late May on worries about a protracted fiscal stand-off in the United States. Markets have been fretting that the US economy could contract again if no deal is reached
Published 17 Nov, 2012 12:00am
UK shares post worst week since May on growth worries

UK shares post worst week since May on growth worries

Britain's top share index extended losses into a third session on Friday, notching up its biggest weekly fall in six months on the back of global growth concerns and breaking through a key technical support level. Prospects for future demand from the Unit
Published 17 Nov, 2012 12:00am
Sterling slips against dollar

Sterling slips against dollar

Sterling eased against the dollar on Friday, moving within sight of a two-month low and looking set for further losses on speculation about more monetary easing by the Bank of England. The pound was lower on the day at $1.5840, having hit a two-month low
Published 17 Nov, 2012 12:00am
Yen steadies in Asia

Yen steadies in Asia

The yen steadied on Friday after plunging to a six-and-a-half month low against the dollar in the previous session on expectations a new Japanese government could push the Bank of Japan to adopt interest rates of zero or below. Strategists remained divide
Published 17 Nov, 2012 12:00am
Yen sell-off pauses

Yen sell-off pauses

A sell-off in the yen paused on Friday but the Japanese currency remained on course for its biggest weekly loss versus the dollar since late June on expectations of aggressive monetary easing. The dollar has strengthened more than 2 percent against the ye
Published 17 Nov, 2012 12:00am
Early trade in New York: yen remains down on BoJ policy expectations

Early trade in New York: yen remains down on BoJ policy expectations

The yen fell for a third straight day against the dollar on Friday, on track for its worst weekly loss since mid-February as expectations of aggressive monetary easing from the Bank of Japan continued to curb the currency's appeal. The dollar, up about 2.
Published 17 Nov, 2012 12:00am
Yen slides versus dollar; euro up in New York

Yen slides versus dollar; euro up in New York

The yen lost more than 1 percent of its value against the dollar for a second straight session on Thursday, hitting its lowest in nearly seven months on expectations the Bank of Japan will engage in more aggressive monetary easing. The euro, meanwhile, ro
Published 17 Nov, 2012 12:00am
Yuan weakens

Yuan weakens

The yuan closed slightly weaker on Friday, with traders citing a re-emergence of Chinese corporate demand for dollars, as the central bank set a weaker official trading range for a second day running after the yuan's record high earlier in the week. The y
Published 17 Nov, 2012 12:00am
Singapore dollar, ringgit tumble

Singapore dollar, ringgit tumble

Grim economic news pushed Singapore's currency to a near five-week low on Friday and most of its Asian peers also fell as US politicians appeared deadlocked over how to keep the economy from going over the so-called "fiscal cliff". Traders said regional a
Published 17 Nov, 2012 12:00am
Australian and New Zealand dollars steady

Australian and New Zealand dollars steady

The Australian and New Zealand dollars found a tentative footing on Friday but still nursed losses against their US counterpart on the week as wary investors kept an eye on the looming US "fiscal cliff". The Australian dollar crawled off three-week lows t
Published 17 Nov, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell to an over-two-month low on Friday, extending its losing streak to a third week, as investors remained cautious on risk assets ahead of a key euro group meeting and worries over the US 'fiscal cliff'. The unit fell 0.75 percent for t
Published 17 Nov, 2012 12:00am
Viv Richards to mentor Warne's Twenty20 team

Viv Richards to mentor Warne's Twenty20 team

Legendary batsman Viv Richards was Friday named as the latest recruit to the ranks of Shane Warne's Australian Twenty20 side, with the West Indian to mentor the Melbourne Stars. Warne, who will skipper the team in the domestic Big Bash League, was keen to
Published 17 Nov, 2012 12:00am
Premier League hots up at both ends of the table

Premier League hots up at both ends of the table

The battle for the Premier League title may be compelling, with three heavyweights in contention, but the fight to avoid relegation from English football's top-flight is nearly as fierce. At the top, leaders Manchester United travel to Norwich on Saturday
Published 17 Nov, 2012 12:00am
Golfers show skills in Governor's Cup Tournament

Golfers show skills in Governor's Cup Tournament

Out of a total of 99 competing amateur golf players, three of the contenders outshone others by virtue of excellence on the golf course and thereby stood out as the top ones at the end of the first round of the three rounds Governor's Cup Golf Tournament,
Published 17 Nov, 2012 12:00am
Sri Lanka lose Dilshan for first Kiwi Test

Sri Lanka lose Dilshan for first Kiwi Test

Sri Lanka on Friday suffered a big blow when in-form opener Tillakaratne Dilshan was ruled out of the opening Test against New Zealand in Galle after failing to recover from a back injury. Dilshan, who also missed the last two matches of the recent one-da
Published 17 Nov, 2012 12:00am
Watson in Australia squad for Adelaide Test

Watson in Australia squad for Adelaide Test

All-rounder Shane Watson was Friday included in Australia's squad for the pivotal second Test against South Africa despite still struggling with a calf strain. The vice-captain sat out the first drawn Gabba Test against the world number one Proteas with t
Published 17 Nov, 2012 12:00am
PCB clarifies media reports about Aamir

PCB clarifies media reports about Aamir

Pakistan Cricket Board (PCB) has strongly rebutted a news item appearing in a section of press giving an impression that the PCB has allowed the banned pace bowler Mohammad Aamir training facilities at the National Cricket Academy (NCA) and that the PCB C
Published 17 Nov, 2012 12:00am
Bangladesh hit back after Powell's twin hundred

Bangladesh hit back after Powell's twin hundred

Opener Kieran Powell smashed a century in each innings before Bangladesh captured late wickets to keep hopes of an unlikely result in the first Test in Dhaka on Friday. The 22-year-old right-handed batsman scored 110 for his second century of the match to
Published 17 Nov, 2012 12:00am
Qatar Airways lands on Barca shirts

Qatar Airways lands on Barca shirts

Barcelona announced on Friday that they will put Qatar Airways on their shirts, displaying a purely corporate advertisement for the first time under a 170-million-euro ($210-million) deal approved last year. Qatar Airways will feature on the Barca shirts
Published 17 Nov, 2012 12:00am
Indo-Pak series a tough event: Shoaib Malik

Indo-Pak series a tough event: Shoaib Malik

Former Pakistan cricket captain, Shoaib Malik has described Pak-India cricket series "a tough event" in which pressure will be equally on both sides. "I don't think so that any team would be having any edge (India being the hosts) and pressure will be on
Published 17 Nov, 2012 12:00am
Swiss government rejects proposal to widen Iran oil reporting rules

Swiss government rejects proposal to widen Iran oil reporting rules

The Swiss cabinet has no plans to extend its reporting requirements on transactions with Iran to cover offshore branches of oil trading firms, it said, rejecting proposals from leftist parliamentarians. A group of seven members of the Swiss Social Democra
Published 17 Nov, 2012 12:00am
Iran says arrests foreign-linked bomb plotters

Iran says arrests foreign-linked bomb plotters

Iran's Intelligence Ministry has arrested people planning bomb attacks with the support of Western and Israeli spy agencies in the oil-producing province of Khuzestan, state television reported on Friday. Khuzestan, in Iran's south-west, is home to a larg
Published 17 Nov, 2012 12:00am
Afghan command nominee vague on troop withdrawal timetable

Afghan command nominee vague on troop withdrawal timetable

The general chosen to lead US forces in Afghanistan through the critical transition to Afghan security control in 2014 declined to speculate on Thursday on how quickly American troops would be withdrawn from the country. Pressed by lawmakers at his confir
Published 17 Nov, 2012 12:00am
Suu Kyi pays emotional visit to old college

Suu Kyi pays emotional visit to old college

Myanmar opposition leader Aung San Suu Kyi said on Friday she felt like she was "coming home" during an emotional visit to her old New Delhi college where she studied five decades ago. Students and faculty at the prestigious Lady Shri Ram college rose to
Published 17 Nov, 2012 12:00am
Putin, Merkel spar over Pussy Riot in Russia talks

Putin, Merkel spar over Pussy Riot in Russia talks

German Chancellor Angela Merkel Friday clashed with Russian President Vladimir Putin over the jailing of feminist rock band Pussy Riot as growing bilateral tensions over human rights flared in public. Hosting Merkel on a visit to the Kremlin, Putin took i
Published 17 Nov, 2012 12:00am
US fighter jet crashes in Florida; pilot survives

US fighter jet crashes in Florida; pilot survives

An F-22 Raptor fighter jet crashed Thursday at the Tyndall Air Base in Florida, but the pilot was able to eject safely from the aircraft, a US Air Force statement said. The accident occurred at 3:30 pm (2030 GMT) at the facility, located 12 miles (19 kilo
Published 17 Nov, 2012 12:00am
India's public health system has collapsed

India's public health system has collapsed

India's rural development minister said Friday the country's public health system had "collapsed" in a blunt assessment of his government's failure to extend a social safety net for the poor. Jairam Ramesh, known as a maverick with often outspoken views,
Published 17 Nov, 2012 12:00am
Croatian 'hero' generals home after war crimes acquittal

Croatian 'hero' generals home after war crimes acquittal

Two Croatian generals arrived home in Zagreb to a hero's welcome Friday after a UN court in The Hague cleared them of war crimes against Serbs during the bloody 1990s break-up of Yugoslavia. The dramatic acquittal of Ante Gotovina and Mladen Markac by the
Published 17 Nov, 2012 12:00am
Iraq frees Hezbollah suspect in US plot

Iraq frees Hezbollah suspect in US plot

Iraq has freed Ali Musa Daqduq, a Hezbollah member who was accused of plotting to kill five US soldiers, and he has now left the country for Lebanon, a high-ranking official said on Friday. "The judiciary decided to release Ali Musa Daqduq due to a lack o
Published 17 Nov, 2012 12:00am
Cameron defends British police polls after low turnout

Cameron defends British police polls after low turnout

Prime Minister David Cameron was forced to defend the newly elected police commissioners for England and Wales after embarrassingly low turnout in the first ever elections for the posts. With fewer than 10 percent of voters casting their ballots in some a
Published 17 Nov, 2012 12:00am
Iran ready to double nuclear work in bunker: IAEA

Iran ready to double nuclear work in bunker: IAEA

Iran is set to sharply expand its uranium enrichment in an underground site after installing all the centrifuges it was built for, a UN nuclear report showed on Friday, a move that could increase Western alarm about Tehran's nuclear course. The latest qua
Published 17 Nov, 2012 12:00am
Arabs should use oil weapon against Israel: Iraq

Arabs should use oil weapon against Israel: Iraq

An Iraqi official said on Friday Baghdad will recommend that Arab states use oil as a weapon to exert pressure on Israel and countries that back it, particularly the United States, over the Gaza crisis. "Playing the economic card is our most powerful weap
Published 17 Nov, 2012 12:00am
Clinton in Singapore as part of Asia-Pacific tour

Clinton in Singapore as part of Asia-Pacific tour

US Secretary of State Hillary Clinton arrived in Singapore on Friday for consultations with the city-state's leaders, ahead of an Asia-Pacific summit in Cambodia with President Barack Obama. While in Singapore, Clinton will meet Prime Minister Lee Hsien L
Published 17 Nov, 2012 12:00am
Texas executes two men for separate murder-rapes

Texas executes two men for separate murder-rapes

Two men - one Hispanic, one black - were executed in Texas this week, bringing to 15 the number of people put to death in the south-western state this year, prison authorities and the Death Penalty Information Center said. Ramon Hernandez, 41, and Preston
Published 17 Nov, 2012 12:00am
Georgia detains dozen interior ministry 'cyber spies'

Georgia detains dozen interior ministry 'cyber spies'

Georgia has detained 11 senior police and Tbilisi's deputy mayor for alleged cyber spying on opposition leaders, in the latest arrest of officials who served under President Mikheil Saakashvili, prosecutors said Friday. The officials are accused of using
Published 17 Nov, 2012 12:00am
Japan and North Korea agree to continue dialogue

Japan and North Korea agree to continue dialogue

Senior Japanese and North Korean diplomats ended rare talks Friday, with reports saying they were eyeing a further meeting. Japanese negotiator Shinsuke Sugiyama said the two sides agreed to continue their dialogue for "further consideration" about the is
Published 17 Nov, 2012 12:00am
Panetta touts US military ties at ASEAN talks

Panetta touts US military ties at ASEAN talks

US Defence Secretary Leon Panetta Friday sought to promote Washington's strategic shift to the Asia-Pacific and a tentative rapprochement with Myanmar as he met counterparts in the region. The US tilt to Asia reflects a concerted effort by President Barac
Published 17 Nov, 2012 12:00am
Japanese Prime Minister dissolves lower house for election

Japanese Prime Minister dissolves lower house for election

Japan's Prime Minister Yoshihiko Noda dissolved the lower house of parliament Friday for an election next month, in a political gamble widely expected to strip his centre-left party of power. Japan's sixth new prime minister in as many years set the revol
Published 17 Nov, 2012 12:00am
IKEA apologises for use of East German prison labour

IKEA apologises for use of East German prison labour

IKEA apologised on Friday for using the forced labour of political prisoners in communist East Germany to make some of its furniture during the 1980s. Victims of the German Democratic Republic's (GDR) Stasi secret police watched as a senior executive of t
Published 17 Nov, 2012 12:00am
French officials furious at Economist 'time-bomb' taunt

French officials furious at Economist 'time-bomb' taunt

French officials angrily rejected a charge by Britain's The Economist weekly on Friday that France was the "time-bomb at the heart of Europe" and a danger to the euro single currency, accusing the magazine of sensationalism. The Economist's front cover sh
Published 17 Nov, 2012 12:00am
Protest at Irish embassy in India over abortion row

Protest at Irish embassy in India over abortion row

About a hundred opposition protesters held a demonstration outside the Irish embassy on Friday over the death of an Indian woman who died after being refused an abortion in the Catholic country. The crowd, carrying posters of the dead 31-year-old dentist
Published 17 Nov, 2012 12:00am
Bomb kills 17 Afghans on way to wedding

Bomb kills 17 Afghans on way to wedding

A roadside bomb planted by Taliban insurgents killed 17 civilians - mostly women and children - on their way to a wedding party in western Afghanistan on Friday, officials said. Afghan weddings are often lavish affairs, drawing hundreds of relatives and g
Published 17 Nov, 2012 12:00am
Protester slaps Nepal's Maoist leader in the face

Protester slaps Nepal's Maoist leader in the face

The leader of Nepal's 10-year Maoist insurgency was left shaken on Friday when a former supporter slapped the ex-guerrilla across the face, smashing his glasses. Police dragged away 25-year-old Padam Kunwar during the angry confrontation with Maoist chair
Published 17 Nov, 2012 12:00am
New York cotton rally biggest in four weeks on surprise mill interest

New York cotton rally biggest in four weeks on surprise mill interest

US cotton futures shot to three-week highs on Thursday for their largest daily gain in four weeks on an unexpected flurry of buying for prompt delivery from textile mills. Technical buying also propelled the market higher after prices pierced a string of
Published 17 Nov, 2012 12:00am
Shanghai copper down

Shanghai copper down

The most-traded February copper contract on the Shanghai Futures Exchange finished down at 55,740 yuan ($8,900) a tonne on Friday as signs that top consumer China's slide in economic growth has bottomed out helped to firm sentiment towards base metals. "T
Published 17 Nov, 2012 12:00am
Copper declines

Copper declines

Copper fell on Friday as the dollar rose and investors grew more cautious due to worries about US budget problems and the euro zone debt crisis, but losses were limited by signs the slowdown in top metals consumer China might have bottomed out. Three-mont
Published 17 Nov, 2012 12:00am
Oil rises on Midde East conflict, Gulf of Mexico fire

Oil rises on Midde East conflict, Gulf of Mexico fire

Oil prices rose on Friday as the escalating conflict between Israel and Palestinians reinforced concerns about supply in the region while a fire on a Gulf of Mexico energy platform provided additional support to US crude. Trading was volatile with the US
Published 17 Nov, 2012 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Tokyo rubber futures fell 1 percent on Friday as investors took profits, erasing about half the gains posted in the previous session. The benchmark Tokyo Commodity Exchange rubber contract for April delivery fell 2.6 yen to 248.4 yen per kg, slightly abov
Published 17 Nov, 2012 12:00am
Grain futures weaken

Grain futures weaken

US grain futures weakened on Thursday, as expectations for an increase in global supply and concerns about the economy halted a two-day advance in soyabeans. Soyabeans had closed higher for the previous two days in a modest rebound from a drop to 4-1/2-mo
Published 17 Nov, 2012 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures slipped on Friday, despite posting a weekly gain of close to 5 percent, as traders booked profits from a large increase in the previous session, and slowing exports squeezed prices. Futures posted on Wednesday their sharpest dai
Published 17 Nov, 2012 12:00am
Cocoa sinks

Cocoa sinks

Cocoa futures tumbled on profit-taking Friday, falling for the first time in six sessions, as concern waned about government turmoil in top grower Ivory Coast. Arabica coffee futures on ICE Futures US eased in a quiet session, consolidating just above the
Published 17 Nov, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold prices dropped to a one-week low in heavy trade on Thursday as worries about an economic slowdown in Europe and fear of a recession in the United States hit bullion's inflation-hedge appeal. "Uncertainty surrounding the 'fiscal cliff' continues to pr
Published 17 Nov, 2012 12:00am
Gold lower in Asia

Gold lower in Asia

Gold traded slightly lower on Friday, heading for a weekly loss of about 1 percent, as festering uncertainty over the outlook for the global economy dragged on prices. Spot gold edged down 0.1 percent to $1,713.19 an ounce by 0750 GMT, on track for a week
Published 17 Nov, 2012 12:00am
Gold down in Europe

Gold down in Europe

Gold drifted lower with shares on Friday and headed for a weekly loss, as investors focused on uncertainty over global growth and worries over the so-called US "fiscal cliff". Spot gold edged down 0.39 percent to $1,708.54 an ounce by 1242 GMT, on track f
Published 17 Nov, 2012 12:00am
US MIDDAY: soya plunges

US MIDDAY: soya plunges

US soyabean futures fell to a five-month low on Friday on word that China, the world's top importer of the oilseed, has cancelled orders. The grain markets pared losses and corn turned higher as equities firmed after congressional leaders said their meeti
Published 17 Nov, 2012 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold erased losses and steadied at around $1,715 an ounce on Friday, but was on course for a weekly loss as investors focused on uncertainty over global growth and worries over the US "fiscal cliff" when $600 billion worth of tax increases and deep spendi
Published 17 Nov, 2012 12:00am
SU to support ECP in educating voters

SU to support ECP in educating voters

Sindh University Vice Chancellor Dr Nazir A. Mughal decided to extend full support to Election Commission of Pakistan (ECP) in educating voters for next general elections by disseminating information through various departments of the varsity by organisin
Published 17 Nov, 2012 12:00am
French geologists, SU sign MoU

French geologists, SU sign MoU

A four-member French geologists team visited Sindh University and signed a memorandum of understanding (MoU) to carry out geological field work together under the collaborated programme of centre for pure and applied geology. In this context, French geolo
Published 17 Nov, 2012 12:00am
Enhanced security for processions, Majalis sought

Enhanced security for processions, Majalis sought

Members of Shia Community, expressing dissatisfaction over the security arrangements for protection of Ashura processions and Majalis, demanded of the government to take further steps, especially in the most sensitive districts of the Khyber Pakhtunkhwa.
Published 17 Nov, 2012 12:00am
Extortion in wholesale markets: no relief in sight for tea consumers

Extortion in wholesale markets: no relief in sight for tea consumers

There is no relief for consumers despite a substantial decline in tax rate on tea import because of a high incidence of extortion, market sources said here on Friday. According to major tea traders, the prevailing law and order situation is not only makin
Published 17 Nov, 2012 12:00am
Dr Anwar visits Urdu Science Board

Dr Anwar visits Urdu Science Board

Prominent scientist, former Adviser Science for COMSTECH and renowned literary person Dr Anwar Nasim visited Urdu Science Board the other day. He was accompanied by Professor Dr Ikram ul Haq, Director Institute of Industrial Biochemistry, GCU Lahore.
Published 17 Nov, 2012 12:00am
Naval chief calls on Prime Minister

Naval chief calls on Prime Minister

Chief of Naval Staff, Admiral Muhammad Asif Sandila called on Prime Minister Raja Pervez Ashraf here on Friday. The Naval Chief briefed the Prime Minister about the professional preparedness and other issues relating to Pakistan Navy. He also apprised the
Published 17 Nov, 2012 12:00am
Musharraf to deliver keynote address in India today

Musharraf to deliver keynote address in India today

Former President and APML Chief General Pervez Musharraf (Retd) would deliver keynote speech on the topic of "Uniting South Asia: The Way Forward" in "HT Leadership Summit 2012" on November 17, in India among the international leaders, think tanks, policy
Published 17 Nov, 2012 12:00am
SSGC to observe weekly closure schedule strictly

SSGC to observe weekly closure schedule strictly

In accordance to maintain the smooth and uninterrupted gas supply to the industry during the whole next week, SSGC will observe its schedule strictly for closure of gas supply on November 18. All the industrial and captive power customers are required to
Published 17 Nov, 2012 12:00am
Thin attendance in government offices

Thin attendance in government offices

Uncertain and panic like situation prevailed in Karachi following the Interior Ministry's order of banning motorcycle riding and suspension of mobile networks, which badly affected the official work in Sindh Secretariat and other state-run offices.
Published 17 Nov, 2012 12:00am
PIA chief advocates 'Passenger Most Important Person' policy

PIA chief advocates 'Passenger Most Important Person' policy

PIA Chairman and Secretary Defence Lieutenant General Asif Yasin Malik (Retd) addressing the airline cockpit, cabin crew and the aircraft engineers emphasised upon them that 'Passenger Most Important Person' may be given maximum travel facilitation. PIA C
Published 17 Nov, 2012 12:00am
Foreigners praise IDEAS-2012

Foreigners praise IDEAS-2012

A number of foreign buyers/delegates who participated in IDEAS-2012 praised high-tech Pakistan's defence industry. Commenting on the 7th defense exhibition of the country the foreigners who are now going back to their countries said that they were amazed
Published 17 Nov, 2012 12:00am
MBBS Batch (2007-2008): LUMHS for resolving issue of House Job

MBBS Batch (2007-2008): LUMHS for resolving issue of House Job

The Liaquat University of Medical and Health Sciences Jamshoro urged the Health Department, Government of Sindh, to resolve the issue of House Job of MBBS Batch (2007-2008) supposed to be graduated in the beginning of 2013 as they have to wait for the Hou
Published 17 Nov, 2012 12:00am
Security measures

Security measures

Suicide attacks are, however, not likely to be forestalled by suspension of pre and post-paid SIM cards and require much more vigilant policing than has been evident so far. There are many who argue that the bulk of the law enforcing agencies are engaged
Published 17 Nov, 2012 12:00am
Merkel holds difficult human rights talks with Putin

Merkel holds difficult human rights talks with Putin

The heavy cloud cover hanging over the Kremlin as Angela Merkel arrived on Friday could serve as symbol for at least one of the themes the German chancellor was set to raise with her Russian hosts; that of human rights. The key question for the talks with
Published 17 Nov, 2012 12:00am
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