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Print - 2012-12-17
Chevron to pay $155 million for Brazil oil spill

Chevron to pay $155 million for Brazil oil spill

US oil giant Chevron has agreed to pay 310 million realise ($155 million) to Brazil for an oil spill last year that fouled beaches in Rio de Janeiro, officials said Saturday. Government news service Agencia Brasil said 90 million realise would be used exc
Published 17 Dec, 2012 12:00am
Absent Chavez dominates Venezuelan state elections

Absent Chavez dominates Venezuelan state elections

Venezuelans vote on Sunday in state elections that will define the future of opposition leader Henrique Capriles and test political forces ahead of a possible new presidential vote if Hugo Chavez is incapacitated by cancer.
Published 17 Dec, 2012 12:00am
Yemen LNG gas pipeline blown up again Sunday

Yemen LNG gas pipeline blown up again Sunday

The gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal was blown up again early on Sunday, the company operating the pipeline said. "Yemen LNG confirms the sabotage of the 38 inch gas pipeline that links the block 18 to the Balh
Published 17 Dec, 2012 12:00am
Drastic steps taken to uplift healthcare standards: Malik

Drastic steps taken to uplift healthcare standards: Malik

Member National Assembly (MNA) Pervez Malik said that the Punjab Government has taken drastic measures to uplift the basic healthcare standards across the province. The doctor's salary structure has recently been approved and free medicines are being prov
Published 17 Dec, 2012 12:00am
Spain's oldest nuclear plant shuts down

Spain's oldest nuclear plant shuts down

Spain's oldest nuclear plant Garona is shutting down on Sunday ahead of new taxes included in a government energy reform that would render the plant unviable.
Published 17 Dec, 2012 12:00am
Supreme Court verdict

Supreme Court verdict

IN THE SUPREME COURT OF PAKISTAN (Original Jurisdiction)
Published 17 Dec, 2012 12:00am
PPP never supported KBD project: Pir Mazhar

PPP never supported KBD project: Pir Mazhar

Member of Pakistan People's Party Central Executive Committee Pir Mazhar-ul-Haq said that wrong perception is given and facts are distorted in public gathering of Functional-League at Hyderabad. Pir Mazhar, who is also the Parliamentary Leader of the PPP
Published 17 Dec, 2012 12:00am
PU students hold rally in favour of campus police

PU students hold rally in favour of campus police

Neutral students of Peshawar University (PU) of staged a rally in favour of Campus Police and demanded granting maximum powers to police for arresting lawlessness and maintenance of law and order situation on the campus.
Published 17 Dec, 2012 12:00am
Ebad, Qaim call on Zardari

Ebad, Qaim call on Zardari

Governor Sindh Dr Ishrat-ul-Ebad Khan and Chief Minister Syed Qaim Ali Shah called on President Asif Ali Zardari at Bilawal House on Sunday. Chairman PPP Bilawal Bhutto Zardari was also present during the meeting. Situation in the province especially the
Published 17 Dec, 2012 12:00am
Corruption allegations: PML-N leader censures NAB chief

Corruption allegations: PML-N leader censures NAB chief

PML-N leader Senator Pervaiz Rashid has said that the Chairman NAB has issued the statement declaring Punjab responsible for 65 percent corruption in the country at the pressure of such a government which itself has been setting historic records of corrup
Published 17 Dec, 2012 12:00am
Youth road safety moot today

Youth road safety moot today

A youth road safety conference would be held at a local hotel on December 17. An announcement on Sunday said that the day-long moot is going to be organised under the auspices of the Sindh Youth Affairs Department. The Sindh Minister for Youth Affairs, Sy
Published 17 Dec, 2012 12:00am
Wife of PML-N leader killed in attack

Wife of PML-N leader killed in attack

Wife of district president Pakistan Muslim League (PML-N) was killed when unknown gunmen attacked his house here on Sunday. According to details, unidentified men attacked the residence of PML-N district president Nisar Chandiyo located in Jamshoro area o
Published 17 Dec, 2012 12:00am
SMEDA launches energy audit management campaign

SMEDA launches energy audit management campaign

Industry Support Cell (ISC), Small and Medium Enterprise Development Authority (SMEDA) Khyber-Pakhtunkhwa launched energy audit management campaign in the province. In this connection the cell joined hands with various universities on efficiency and renew
Published 17 Dec, 2012 12:00am
Resolution of Kashmir dispute termed key to regional peace

Resolution of Kashmir dispute termed key to regional peace

Prime Minister of Azad Jammu and Kashmir Chaudhry Abdul Majeed and Chairman of All Parties Hurriyat Conference Mir Waiz Umer Farooq have again called for resolution of Kashmir dispute according to UN resolution and said lasting peace in South Asia would r
Published 17 Dec, 2012 12:00am
CSF release next month: Mandviwala

CSF release next month: Mandviwala

Minister of State for Finance and Investment, Salim Mandviwala, has said that US Chamber of Commerce has declared Karachi Stock Exchange as most profitable in the world. In an interview on Sunday, the Minister said that $600 million of the coalition suppo
Published 17 Dec, 2012 12:00am
Vision loss tied to diabetes rising in the US

Vision loss tied to diabetes rising in the US

Vision loss likely related to diabetes in the United States increased by 20 percent over less than a decade, according to a US study - a matter of concern as diabetes rates continue to rise, and hit younger and younger people.
Published 17 Dec, 2012 12:00am
Mental health scars common after cardiac arrest

Mental health scars common after cardiac arrest

A quarter of cardiac arrest survivors suffer long-term psychological problems such as anxiety, post-traumatic stress disorder and depression, according to a US study. This additional stress on recovering patients is under diagnosed, researchers wrote in t
Published 17 Dec, 2012 12:00am
US doctors defeat leukemia with modified HIV

US doctors defeat leukemia with modified HIV

US doctors say they have saved a seven-year-old girl who was close to dying from leukemia with a pioneering use of an unlikely ally: a modified form of the HIV virus. After fighting her disease with chemotherapy for almost two years and suffering two rela
Published 17 Dec, 2012 12:00am
Youth who overeat more likely to take up drugs: study

Youth who overeat more likely to take up drugs: study

Children and teens who reported overeating, including binge eating, were more likely to start using marijuana and other drugs, according to a US study looking at over 10,000 youths.
Published 17 Dec, 2012 12:00am
Fire, flood or giant calabash... pick your apocalypse

Fire, flood or giant calabash... pick your apocalypse

Devoured by a giant squash, engulfed by flood or flames, frozen in a nuclear winter or new ice age, mankind has looked to The End with fear and fascination since the dawn of civilisation. Nature's cycles - day succeeding night, the four seasons - long fed
Published 17 Dec, 2012 12:00am
Australia plans drill of ancient Antarctic ice core

Australia plans drill of ancient Antarctic ice core

Australia on December 15 announced plans to drill a 2,000 year-old ice core in the heart of Antarctica in a bid to retrieve a frozen record of how the planet has evolved and what might be in store.
Published 17 Dec, 2012 12:00am
Weight loss? There's an app for that - and it works

Weight loss? There's an app for that - and it works

Mobile devices that let people track how much they eat and exercise may help them shed weight over and above the benefits of a typical weight-loss program, according to a US study.
Published 17 Dec, 2012 12:00am
Mobile Internet forcing computers to evolve

Mobile Internet forcing computers to evolve

The shift to smartphones and tablets became a landslide this year, crushing desire for laptop computers and pressuring manufacturers to adapt to the mobile Internet era. The trend promised to gain momentum in 2013, with people using handheld gadgets to re
Published 17 Dec, 2012 12:00am
Mobile news gains across generations: survey

Mobile news gains across generations: survey

Americans of all ages are increasingly using mobile devices for news, with many boosting their media consumption rather than just shifting from print sources, a survey showed on December 11. The Pew Research Centre study, in collaboration with The Economi
Published 17 Dec, 2012 12:00am
US probes mobile apps for data collection on kids

US probes mobile apps for data collection on kids

US regulators have launched a series of probes on whether mobile apps targeted at children violate privacy laws by collecting and sharing data which can be used for detailed profiles, officials said on December 10.
Published 17 Dec, 2012 12:00am
89 ITU members sign controversial UN telecom treaty

89 ITU members sign controversial UN telecom treaty

A controversial new global treaty on telecom regulations was signed Friday by two thirds of International Telecommunication Union members despite US objections to potential regulation of the Internet. "I say to the 89 states that signed today the treaty,
Published 17 Dec, 2012 12:00am
Japanese researchers invent solar-cell fabric

Japanese researchers invent solar-cell fabric

Clothes that could literally light up your life were unveiled on December 11 by Japanese researchers who said their solar-cell fabric would eventually let wearers harvest energy on the go. The new fabric is made of wafer-thin solar cells woven together th
Published 17 Dec, 2012 12:00am
Facebook users get new privacy shortcuts

Facebook users get new privacy shortcuts

Facebook on December 12 unveiled simplified tools for protecting privacy at the world's leading social network and made it easier for users whose pictures are on display to ask friends to remove them. Facebook privacy "kit" updates that will begin rolling
Published 17 Dec, 2012 12:00am
Intel launches microserver chips, gets nod from Facebook

Intel launches microserver chips, gets nod from Facebook

Intel launched a data-centre chip using low-power technology found in smartphones, stepping up competition in the nascent microserver market and winning a nod from Facebook. The Atom chip rolled out on December 11 uses much less electricity than Intel's p
Published 17 Dec, 2012 12:00am
Teachers keen on $99 Google laptops

Teachers keen on $99 Google laptops

US teachers have flooded school-centric charity website DonorsChoose.org to snap up Chrome notebook computers Google made available to classrooms for just $99 each. DonorsChoose said on December 11 that it was no longer taking Chromebook requests from ins
Published 17 Dec, 2012 12:00am
Yahoo! overhauls email for Web, mobile

Yahoo! overhauls email for Web, mobile

Yahoo! said on December 11 it was revamping its email for the Web and mobile devices in a move aimed at streamlining the service and making its look consistent across various platforms. "Since it's such an important part of our daily lives, we're making a
Published 17 Dec, 2012 12:00am
Motorola closing operations in South Korea

Motorola closing operations in South Korea

Motorola Mobility on December 10 confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year. "This was a difficult but necessary decision," Motorola said in an
Published 17 Dec, 2012 12:00am
Taiwan's HTC unveils new rival to iPhone 5

Taiwan's HTC unveils new rival to iPhone 5

Taiwan's HTC on December 11 unveiled a new smartphone boasting a higher resolution display than the iPhone 5 just days before Apple's latest handset goes on sale on the island. The HTC Butterfly features a 5-inch screen with a pixel density of 440 ppi (pi
Published 17 Dec, 2012 12:00am
Renault quits truck making by selling Volvo stake

Renault quits truck making by selling Volvo stake

French carmaker Renault has turned the page on truck manufacturing by selling its remaining stake in Swedish truckmaker Volvo AB for 1.5 billion euros ($2.0 billion) to cut debt and make strategic investments.
Published 17 Dec, 2012 12:00am
DuPont curtails spending due to 'fiscal cliff'

DuPont curtails spending due to 'fiscal cliff'

Chemical maker DuPont will spend less on capital projects next year than initially planned due to uncertainty about the US "fiscal cliff," Chief Executive Ellen Kullman said in an interview.
Published 17 Dec, 2012 12:00am
UAE's NBAD plans acquisitions in expansion abroad

UAE's NBAD plans acquisitions in expansion abroad

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, is looking at acquisitions as part of a plan to more than double the proportion of profits it makes from abroad over the next ten years.
Published 17 Dec, 2012 12:00am
IBM's latest retirement move is bad for workers

IBM's latest retirement move is bad for workers

IBM ads urge us all to follow its lead and help "build a smarter planet." Let's hope other companies don't follow Big Blue's latest move: an overhaul of its 401(k) plan that shifts its matching contribution to a once-a-year affair.
Published 17 Dec, 2012 12:00am
MetLife, partner buy Washington DC building for $730 million

MetLife, partner buy Washington DC building for $730 million

MetLife Inc and an undisclosed joint-venture partner have bought Washington D.C.'s largest, privately owned office building, the insurance company said on December 13. The purchase price for Constitution Centre at 400 7th St. SW was about $730 million, a
Published 17 Dec, 2012 12:00am
Mercedes sees record US sales, won't win luxury race

Mercedes sees record US sales, won't win luxury race

Mercedes-Benz expects to lose its lead in the US luxury market to German rival BMW, which is expected to be aggressive in its incentive strategy this month. The automakers have been in a tight race for the top spot in the competitive US luxury market, wit
Published 17 Dec, 2012 12:00am
Mercedes sees record US sales, won't win luxury race

Mercedes sees record US sales, won't win luxury race

Mercedes-Benz expects to lose its lead in the US luxury market to German rival BMW, which is expected to be aggressive in its incentive strategy this month. The automakers have been in a tight race for the top spot in the competitive US luxury market, wit
Published 17 Dec, 2012 12:00am
Lockheed well-placed amid global insecurities: chief executive

Lockheed well-placed amid global insecurities: chief executive

North Korea's launch this week of a long-range rocket may have sparked an outcry across much of the globe but the anxieties it has provoked could mean more business for Lockheed Martin Corp, the world's largest arms maker.
Published 17 Dec, 2012 12:00am
MacGill backs Warne Test return

MacGill backs Warne Test return

Former Australian leg spinner Stuart MacGill has backed a return to the Test team for Shane Warne, saying he is good enough but needs to prove he has the stamina to cope with the five-day game.
Published 17 Dec, 2012 12:00am
'Significant progress' in Juve-Drogba talks

'Significant progress' in Juve-Drogba talks

Juventus have made "significant progress" in their bid to sign Didier Drogba, who has agreed in principle to an 18-month deal with the Serie A champions, reports said Sunday.
Published 17 Dec, 2012 12:00am
Klose strike beats Inter, boosts Juventus

Klose strike beats Inter, boosts Juventus

Miroslav Klose struck a superb late winner as Lazio beat Inter Milan 1-0 at the Olympic Stadium on Saturday to indirectly boost Juventus's hopes of extending their lead before Christmas. Inter started their 17th match of the campaign only four points behi
Published 17 Dec, 2012 12:00am
Dilshan ton leads Sri Lanka counter-attack

Dilshan ton leads Sri Lanka counter-attack

Tillakaratne Dilshan led a fighting counter-attack with an gutsy century as Sri Lanka trailed Australia by 141 runs with two days to play in the first Hobart Test on Sunday. Dilshan batted for almost seven hours for his 147 and shared in a record Sri Lank
Published 17 Dec, 2012 12:00am
Man City not finished yet, vows defiant Mancini

Man City not finished yet, vows defiant Mancini

Roberto Mancini believes that Manchester City's 3-1 victory at Newcastle United has sent a clear message that they will have a major say in the destination of the Premier League title. City are still six points behind Alex Ferguson's Manchester United, wh
Published 17 Dec, 2012 12:00am
Mohsen Zafar wins 'Gymkhana Golf Club Championship'

Mohsen Zafar wins 'Gymkhana Golf Club Championship'

Mohsen Zafar has won the Gymkhana Golf Club Championship that was contested over 36 holes at the par-72 here at Gymkhana Golf Course. Mohsen Zafar dominated the event by playing to his capacity and meeting the challenge of the golf course adequately. From
Published 17 Dec, 2012 12:00am
Asia edges Europe in Brunei after sudden death

Asia edges Europe in Brunei after sudden death

Asia burst European golf's bubble with a stirring final-day charge on Sunday to claim victory after a thrilling sudden-death play-off in the sixth edition of Brunei's Royal Trophy. Naomichi 'Joe' Ozaki's Asian team defied the odds by overturning a three-p
Published 17 Dec, 2012 12:00am
Corinthians clinch Club World Cup title

Corinthians clinch Club World Cup title

Brazilian giants Corinthians won the Club World Cup in Japan on Sunday, overcoming European champions Chelsea 1-0 in a closely-fought encounter. Striker Guerrero got the goal as the Sao Paulo club secured their second intercontinental title - they won the
Published 17 Dec, 2012 12:00am
Field Hockey: top stars set for big pay day in India

Field Hockey: top stars set for big pay day in India

A financial windfall awaits the world's leading field hockey stars when they play in a new Indian tournament next month on the lines of cricket's popular Indian Premier League. The Hockey India League (HIL), sanctioned by the sport's world governing
Published 17 Dec, 2012 12:00am
Badminton: China's Chen Long wins men's crown

Badminton: China's Chen Long wins men's crown

Chen Long won badminton's BWF Superseries Finals on Sunday by downing Chinese compatriot Du Pengyu, while China also took the women's singles and women's doubles crowns. Chen, the number two seed, bested Du 21-12, 21-13 to take home the championship in th
Published 17 Dec, 2012 12:00am
Khan stops Molina to snap losing skid

Khan stops Molina to snap losing skid

Britain's Amir Khan defeated previously unbeaten American Carlos Molina in a light-welterweight showdown on Saturday, returning the Englishman to the world title scene after back-to-back losses. After watching Khan batter Molina for most of the fight, ref
Published 17 Dec, 2012 12:00am
Renault taps Logan creator for $5,500 India car

Renault taps Logan creator for $5,500 India car

Renault's move into low-cost cars, which has kept the French automaker afloat as mass-market peers drown in European losses, may soon help it sink competitors beyond the old continent.
Published 17 Dec, 2012 12:00am
UAE central bank delays exposure, liquidity rules

UAE central bank delays exposure, liquidity rules

The central bank of the United Arab Emirates has postponed introducing restrictions on commercial banks' exposure to state-linked debt and requirements for them to hold liquid assets, after complaints from the banks.
Published 17 Dec, 2012 12:00am
Takeover deadline extended for Islamic Bank of Britain

Takeover deadline extended for Islamic Bank of Britain

Islamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, said a deadline for a Qatari bank to decide on a proposed takeover offer had been extended to January. IBB is majority-owned by Qatar International Islamic Bank , which has
Published 17 Dec, 2012 12:00am
Merkel rips German opposition for blocking tax cuts

Merkel rips German opposition for blocking tax cuts

Chancellor Angela Merkel criticised the centre-left opposition for blocking her government's efforts to cut income taxes by 6 billion euros, telling a German newspaper those parties will have to explain that to voters in next year's election.
Published 17 Dec, 2012 12:00am
Telco Zain pays Motorola $231.4 million on behalf of Saudi unit

Telco Zain pays Motorola $231.4 million on behalf of Saudi unit

Kuwait's Zain said on Sunday it paid 867.8 million riyals ($231.4 million) to Motorola on behalf of its unit Zain Saudi to cover costs related to a contract entered by the unit with the US firm. Zain said it made the payment on December 12 to alleviate fi
Published 17 Dec, 2012 12:00am
Head of GM's Opel says talks with PSA on track

Head of GM's Opel says talks with PSA on track

Talks between General Motors' Opel unit and France's PSA Peugeot Citroen on joint vehicle development are on track, while there are no plans at this stage to build cars together, Opel's interim chief executive told a newspaper.
Published 17 Dec, 2012 12:00am
H&M under pressure over forced labour cotton

H&M under pressure over forced labour cotton

Rights activists in Britain launched a campaign on Sunday calling on Swedish retail giant H&M to take concrete action to stop using cotton harvested by forced labour in Uzbekistan.
Published 17 Dec, 2012 12:00am
Bundesbank questions basis for EU bank union

Bundesbank questions basis for EU bank union

Germany's central bank has serious reservations about the legal framework for creating a broad banking union in Europe, news magazine Der Spiegel reported on Sunday, citing an opinion from lawyers at the Bundesbank.
Published 17 Dec, 2012 12:00am
Italy can bear market tension without ECB aid

Italy can bear market tension without ECB aid

Italy can confront current financial market tension without asking for the activation of the European Central Bank's bond-buying scheme, Bank of Italy Governor Ignazio Visco told daily La Stampa on Sunday. While a deep recession and political uncertainty
Published 17 Dec, 2012 12:00am
Blackberry maker dropped from Nasdaq 100

Blackberry maker dropped from Nasdaq 100

Canadian company Research in Motion, the makers of BlackBerry telephones, will no longer be part of the Nasdaq 100 index, the market operator said Saturday on its web site. The index - which includes the 100 largest non-financial companies listed on the e
Published 17 Dec, 2012 12:00am
Blackberry maker dropped from Nasdaq 100

Blackberry maker dropped from Nasdaq 100

Canadian company Research in Motion, the makers of BlackBerry telephones, will no longer be part of the Nasdaq 100 index, the market operator said Saturday on its web site. The index - which includes the 100 largest non-financial companies listed on the e
Published 17 Dec, 2012 12:00am
UK's John Lewis posts second straight record week

UK's John Lewis posts second straight record week

John Lewis, Britain's biggest department stores group, posted record weekly sales for a second straight week as it continued to outpace the wider retail market. The employee-owned firm said on Sunday it made 147.8 million pounds ($238.5 million), includin
Published 17 Dec, 2012 12:00am
UK's John Lewis posts second straight record week

UK's John Lewis posts second straight record week

John Lewis, Britain's biggest department stores group, posted record weekly sales for a second straight week as it continued to outpace the wider retail market. The employee-owned firm said on Sunday it made 147.8 million pounds ($238.5 million), includin
Published 17 Dec, 2012 12:00am
Top US Republican proposes tax hike on very rich

Top US Republican proposes tax hike on very rich

US House Speaker John Boehner's office would not confirm or deny a late Saturday report which said the top Republican has proposed raising taxes on wealthy Americans as part of a deficit reduction deal.
Published 17 Dec, 2012 12:00am
Templeton's Mobius still buying Egypt stocks

Templeton's Mobius still buying Egypt stocks

Protests in Egypt have failed to deter veteran emerging market investor Mark Mobius, who said he is holding onto his Egyptian stock position and is looking to add more even as the latest crisis unfolds.
Published 17 Dec, 2012 12:00am
Spain sells two billion euros of bonds, yields mixed

Spain sells two billion euros of bonds, yields mixed

Spain sold 2 billion euros of bonds on Thursday, hitting its target for the auction with borrowing costs falling on two medium-term issues but rising for a rare long bond. Spain has already completed its 2012 funding plan and the relatively small amount o
Published 17 Dec, 2012 12:00am
Spain sells two billion euros of bonds, yields mixed

Spain sells two billion euros of bonds, yields mixed

Spain sold 2 billion euros of bonds on Thursday, hitting its target for the auction with borrowing costs falling on two medium-term issues but rising for a rare long bond. Spain has already completed its 2012 funding plan and the relatively small amount o
Published 17 Dec, 2012 12:00am
Euro to hold gains over December, but fall next year

Euro to hold gains over December, but fall next year

The euro will probably hold its value against the dollar over the next month after rallying over the last few weeks, but a persistently weak euro zone economy will put it under pressure next year, a Reuters poll showed.
Published 17 Dec, 2012 12:00am
Tokyo shares chalk up big gains before election

Tokyo shares chalk up big gains before election

Tokyo shares jumped more than two percent this week in the lead up to Japanese national elections on Sunday, as opinion polls point to a sizeable victory for the opposition Liberal Democratic Party (LDP). For the week to December 14, the benchmark Nikkei
Published 17 Dec, 2012 12:00am
Shrinking currency trade likely to bring jobs cull

Shrinking currency trade likely to bring jobs cull

Shrinking global trade in currencies is stinging banks, partly due to a lull in the euro zone crisis, and dealers face job cuts as volumes are likely to drop further next year. Falling business since the middle of 2012, accompanied by lower market volatil
Published 17 Dec, 2012 12:00am
Order book covered on Kcell IPO

Order book covered on Kcell IPO

Kazakh mobile phone operator Kcell has received orders for all the shares on offer in its London and Almaty initial public offering, two sources close to the deal said on Tuesday. Order books on the share sale, from which Kcell's Nordic parent TeliaSonera
Published 17 Dec, 2012 12:00am
Order book covered on Kcell IPO

Order book covered on Kcell IPO

Kazakh mobile phone operator Kcell has received orders for all the shares on offer in its London and Almaty initial public offering, two sources close to the deal said on Tuesday. Order books on the share sale, from which Kcell's Nordic parent TeliaSonera
Published 17 Dec, 2012 12:00am
Cat bond sales near $6 billion in 2012 despite Sandy loss threat

Cat bond sales near $6 billion in 2012 despite Sandy loss threat

Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday. Only a small subset of catastrophe bonds may be affected by th
Published 17 Dec, 2012 12:00am
Cat bond sales near $6 billion in 2012 despite Sandy loss threat

Cat bond sales near $6 billion in 2012 despite Sandy loss threat

Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday. Only a small subset of catastrophe bonds may be affected by th
Published 17 Dec, 2012 12:00am
Canadian dollar seen strengthening in 2013

Canadian dollar seen strengthening in 2013

The Canadian dollar will strengthen against its US counterpart over the next year, economists polled by Reuters say, with a recovering global economy and a possible Bank of Canada interest rate increase providing support.
Published 17 Dec, 2012 12:00am
Hong Kong shares seen rising 11 percent by end-2013

Hong Kong shares seen rising 11 percent by end-2013

Hong Kong shares will rise more than 11 percent by the end of 2013, driven by hopes of policy reforms from China's new generation of leaders and by corporate earnings, a Reuters poll predicted. The Chinese territory's Hang Seng Index is seen finishing 201
Published 17 Dec, 2012 12:00am
FTSE to break through 6,000 next year

FTSE to break through 6,000 next year

Britain's blue chip share index is set to rise 8 percent by the end of 2013, accelerating after a slow start to next year on expectations the global growth outlook will improve, a Reuters poll forecasts. The FTSE 100 is seen climbing a mere 150 points by
Published 17 Dec, 2012 12:00am
North Korea marks first anniversary of late ruler's death

North Korea marks first anniversary of late ruler's death

North Korean leader Kim Jong-Un led thousands of officials in a triumphant memorial service for his late father and ex-ruler Kim Jong-Il, days after a long-range rocket launch, state TV showed Sunday.
Published 17 Dec, 2012 12:00am
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