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Print - 2012-12-22
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 21, 2012).
Published 22 Dec, 2012 12:00am
OGDCL, joint venture partner discover gas at Zin

OGDCL, joint venture partner discover gas at Zin

The Oil and Gas Development Company Limited (OGDCL) with its partner Government Holdings Private Limited (GHPL) discovered a gas reservoir of 1.06 Trillion Cubic Feet (TCF) at Zin SML-I Block located in District Dera Bugti of Balochistan. This was reveale
Published 22 Dec, 2012 12:00am
Petrol price reduced by Rs 1.23 per litre

Petrol price reduced by Rs 1.23 per litre

The Oil and Gas Regulatory Authority (Ogra) on Friday announced reduction in petrol price by Rs 1.23 per litre but increased diesel price by Re 0.36 per litre, effective December 22 to January 22, 2013. According to a notification issued here, price of pe
Published 22 Dec, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (December 21, 2012).

Published 22 Dec, 2012 12:00am
Petrol price reduced by Rs 1.23 per litre

Petrol price reduced by Rs 1.23 per litre

The Oil and Gas Regulatory Authority (Ogra) on Friday announced reduction in petrol price by Rs 1.23 per litre but increased diesel price by Re 0.36 per litre, effective December 22 to January 22, 2013. According to a notification issued here, price of pe
Published 22 Dec, 2012 12:00am
Petrol price reduced by Rs 1.23 per litre

Petrol price reduced by Rs 1.23 per litre

The Oil and Gas Regulatory Authority (Ogra) on Friday announced reduction in petrol price by Rs 1.23 per litre but increased diesel price by Re 0.36 per litre, effective December 22 to January 22, 2013. According to a notification issued here, price of pe
Published 22 Dec, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 21, 2012).

Published 22 Dec, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (December 21, 2012).

Published 22 Dec, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (December 21, 2012).

Published 22 Dec, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 22 Dec, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 22 Dec, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

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

New York cotton

The fluctuations observed during the day:

Published 22 Dec, 2012 12:00am
BRIDGE NOTES: Seemingly impossible

BRIDGE NOTES: Seemingly impossible

Bridge is a game of great expectations as well as a game of the least expected results. A lot of funny things happen at the Bridge table where the human vulnerability adds spice to the game resulting in the most bizarre action whereby the tables get turne
Published 22 Dec, 2012 12:00am
The plight of poor patients

The plight of poor patients

Cleanliness is an important factor of human life. About 80 percent of diseases such as diarrhea, cholera, typhoid and hepatitis are produce due to inadequate sanitation and poor hygienic conditions. Just like home, hospitals and healthcare units should be
Published 22 Dec, 2012 12:00am
ART FACTS: Gulgee's realistic and abstract nature

ART FACTS: Gulgee's realistic and abstract nature

Ismail Gulgee being realistic and abstract in nature acquired totally a different meaning and entirely new sensitivity to the painting world. On his canvas the dynamic forces of creation and expression unite and energise a new being. At first he did all k
Published 22 Dec, 2012 12:00am
KARACHI CHRONICLE: Ishq-e-Mammnu

KARACHI CHRONICLE: Ishq-e-Mammnu

The phenomenal success of Turk TV soap "Ishq-e-Mammnu" got Pakistani TV stars, directors, producers in a dither. Last Monday they complained peevishly to journalists at the Karachi Press Club. This because yet another tear-jerker full of passion and trage
Published 22 Dec, 2012 12:00am
ARIEL: A truly international event

ARIEL: A truly international event

The Fifth Alami Urdu Conference has made it clear that the Arts Council of Pakistan is still the Arts Council of the Federal Capital of Arts as the founder of the Council had envisaged. It is no longer working as the headquarters of a provincial body.
Published 22 Dec, 2012 12:00am
Indian soyabean futures drop on rise in supplies

Indian soyabean futures drop on rise in supplies

Indian soyabean futures dropped on Thursday, tracking a fall in overseas prices and a rise in supplies in the local spot markets. Soyaoil was steady as a drop in palm oil prices outweighed a weak rupee, while rapeseed fell on higher acreage. At 0824 GMT,
Published 22 Dec, 2012 12:00am
Brazil's 2012-13 coffee harvest a record 50.8 million bags

Brazil's 2012-13 coffee harvest a record 50.8 million bags

Brazil's 2012/13 coffee harvest totalled a record 50.8 million 60-kg bags, the government said on Thursday, raising its final figure for the crop from the 50.5 million bags estimated in September as new farm investments helped boost yields. The 2012/13 ha
Published 22 Dec, 2012 12:00am
Ukraine allows exports of 300,000 tonnes of wheat

Ukraine allows exports of 300,000 tonnes of wheat

Ukraine, which has urged traders to halt wheat exports, will allow them to ship abroad an additional 300,000 tonnes of wheat which they can buy from the state-run intervention fund, Agriculture Minister Mykola Prysyazhnyuk said on Thursday. "We will allow
Published 22 Dec, 2012 12:00am
No change on grain market

No change on grain market

Not a single commodity item showed any change on the wholesale grain and oilseeds market on Friday in the process of trading, Grain Merchant Group release said.
Published 22 Dec, 2012 12:00am
Raw rubber rises on Jodia Bazaar

Raw rubber rises on Jodia Bazaar

The trading in Ceylon raw rubber edged up on Jodia Bazaar here on Friday. The following changes were noted.
Published 22 Dec, 2012 12:00am
EU wheat futures tumble at five-month low

EU wheat futures tumble at five-month low

European wheat futures tumbled on Thursday to their lowest level in almost five months as year-end selling accelerated, fuelled by a slide in Chicago and worries about stalled US budget talks. With cash markets quiet ahead of the year-end holiday period a
Published 22 Dec, 2012 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 100,697 tonnes of cargo comprising 53,735 tonnes of import cargo and 46,962 tonnes of export cargo including 2,533 loaded & empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 53,735
Published 22 Dec, 2012 12:00am
Cotton market: dollar slide keeps most mills away from business

Cotton market: dollar slide keeps most mills away from business

As dollar's surge halted, most of the leading mills refrained from routine business on the cotton market on Friday, dealers said. Official spot rate was unchanged at Rs 6000, they said. In ready business, nearly 9,000 bales of cotton finalised between Rs
Published 22 Dec, 2012 12:00am
China needs pro-growth policies, reforms in 2013: think tank

China needs pro-growth policies, reforms in 2013: think tank

China's economic performance in 2013 needs pro-growth policies and speedier reforms to boost domestic demand in the face of uncertainty in the global environment, a senior economist at the cabinet's think tank said on Thursday. "We need to focus more on b
Published 22 Dec, 2012 12:00am
Prosecutors search Deutsche Bank Headquarters

Prosecutors search Deutsche Bank Headquarters

Prosecutors have again searched the headquarters of Deutsche Bank, this time in connection with its legal battle with the estate of dead media mogul Leo Kirch, a week after a high-profile raid in a carbon tax probe. Munich prosecutors searched Deutsche's
Published 22 Dec, 2012 12:00am
Zimbabwe and China ink $400 million electricity deal

Zimbabwe and China ink $400 million electricity deal

Zimbabwe signed a $400 million deal with China's state-owned SinoHydro on Thursday to increase electricity production and ease daily blackouts. The deal will mean a 400 megawatt upgrade for the Kariba Hydro power station on the Zambezi river, meeting an e
Published 22 Dec, 2012 12:00am
Walgreen quarterly profit falls, shares slip

Walgreen quarterly profit falls, shares slip

Walgreen Co posted an unexpected decline in quarterly profit on Friday as the largest US drugstore chain worked o n winning back former customers an d changed how it accounts for its first international acquisition. For the first 8-1/2 months of 2012 Walg
Published 22 Dec, 2012 12:00am
Walgreen quarterly profit falls, shares slip

Walgreen quarterly profit falls, shares slip

Walgreen Co posted an unexpected decline in quarterly profit on Friday as the largest US drugstore chain worked o n winning back former customers an d changed how it accounts for its first international acquisition. For the first 8-1/2 months of 2012 Walg
Published 22 Dec, 2012 12:00am
German bank sues over Kingfisher Airlines planes

German bank sues over Kingfisher Airlines planes

Germany's DVB Bank SE has sued India's aviation regulator and Kingfisher Airlines to have two planes it financed for the troubled carrier deregistered, a possible first step towards recouping its funds. The case underlines the problems that leasing firms
Published 22 Dec, 2012 12:00am
Samsung injunctions against Apple breach rules: EU

Samsung injunctions against Apple breach rules: EU

The European Commission said Friday that South Korea's Samsung Electronics was abusing its dominant market position in certain technologies when it took out injunctions against fierce rival Apple. As the two giants fight it out in the smartphone and table
Published 22 Dec, 2012 12:00am
Gazprom to buy Kyrgyz gas operator for one dollar

Gazprom to buy Kyrgyz gas operator for one dollar

Russia's gas giant Gazprom is taking a controlling stake in Kyrgyzstan's debt-ridden state gas company for one dollar, Kyrgyzgaz said on Friday. "The price has been set at one dollar" for 75 percent of the company, considering its estimated debt of $38 mi
Published 22 Dec, 2012 12:00am
Indonesia minister nominated for WTO chief

Indonesia minister nominated for WTO chief

Indonesia has nominated its ex-trade minister to run for the World Trade Organisation's top post, hoping she would bridge the gap between developing and developed countries, a senior official said Friday. Mari Pangestu, 56, who held the position of trade
Published 22 Dec, 2012 12:00am
BAE unveils £2.5 billion deal for military jets to Oman

BAE unveils £2.5 billion deal for military jets to Oman

British defence giant BAE Systems unveiled on Friday a £2.5-billion ($4.1-billion, 3.1-billion-euro) deal to sell 12 Eurofighter Typhoon combat jets and eight Hawk trainer planes to Oman. The deal, which will help sustain thousands of jobs in Britain, is
Published 22 Dec, 2012 12:00am
Bharti, Vodafone charged

Bharti, Vodafone charged

India's federal police filed charges against Bharti Airtel Ltd and Vodafone Group Plc's India unit on Friday as part of a probe into alleged corruption in the allocation of mobile phone airwaves a decade ago, a lawyer said. The charges include criminal co
Published 22 Dec, 2012 12:00am
Eurogroup, ECB rule out debt haircut for Cyprus

Eurogroup, ECB rule out debt haircut for Cyprus

The Eurogroup of eurozone finance ministers and the European Central Bank ruled out Friday a partial debt write-off for Cyprus. Eurogroup chief Jean-Claude Juncker, speaking on German public radio Deutschlandfunk, said that a so-called debt "haircut" for
Published 22 Dec, 2012 12:00am
Eurogroup, ECB rule out debt haircut for Cyprus

Eurogroup, ECB rule out debt haircut for Cyprus

The Eurogroup of eurozone finance ministers and the European Central Bank ruled out Friday a partial debt write-off for Cyprus. Eurogroup chief Jean-Claude Juncker, speaking on German public radio Deutschlandfunk, said that a so-called debt "haircut" for
Published 22 Dec, 2012 12:00am
German consumer morale drops to lowest in over a year

German consumer morale drops to lowest in over a year

German consumer morale dropped for the fourth month running to its lowest level in more than a year as shoppers become increasingly wary of the effect the euro zone debt crisis is having on Europe's largest economy. Market research group GfK said on Frida
Published 22 Dec, 2012 12:00am
News Corp files document with US regulators on split

News Corp files document with US regulators on split

Media conglomerate News Corp announced Friday that it had filed a document with US regulators detailing its split into two independent companies. The statement did not specify a date for the split into one company focused on news and publishing, to retain
Published 22 Dec, 2012 12:00am
Alitalia on verge of bankruptcy

Alitalia on verge of bankruptcy

Italian airline Alitalia is once more on the verge of bankruptcy as it loses 630,000 euros ($832,000) a day in addition to the 730 million euro deficit accumulated over four years under private ownership, the Repubblica daily said Friday. The flagship com
Published 22 Dec, 2012 12:00am
Myanmar, Japan to build vast industrial zone

Myanmar, Japan to build vast industrial zone

Myanmar and Japan agreed to start work next year on a huge industrial zone near Yangon, officials from the two countries said Friday, as the impoverished nation hungrily eyes foreign investment. The 2,400 hectare (6,000 acre) Thilawa project will include
Published 22 Dec, 2012 12:00am
House approves sweeping defence spending bill

House approves sweeping defence spending bill

The US House passed a $633 billion defence authorisation bill Thursday that includes fresh sanctions against Iran and funds the war in Afghanistan, while offering compromise language on military detention of US citizens. In addition to covering standard n
Published 22 Dec, 2012 12:00am
'Fiscal cliff' drag on US economy less than feared so far

'Fiscal cliff' drag on US economy less than feared so far

The US economy showed surprising signs of resilience in November despite the approach of the so-called fiscal cliff as consumer spending rose by the most in three years and a gauge of business investment jumped. Consumer spending rose 0.6 percent when adj
Published 22 Dec, 2012 12:00am
Indian shares fall for second week

Indian shares fall for second week

Indian shares ended lower on Friday, marking a second week of declines, as lenders were hit by profit-taking, while Bharti Airtel fell after federal police filed charges as part of a probe into alleged corruption in allocation of mobile airwaves. The mark
Published 22 Dec, 2012 12:00am
Taiwan stocks plunge

Taiwan stocks plunge

Taiwan stocks fell 1 percent to close at a near four-week low on Friday, with flat panel makers sharply lower on a media report that panel prices will start to decline into the typically slow first quarter. The main TAIEX index ended down 75.53 points at
Published 22 Dec, 2012 12:00am
Nikkei falls below 10,000-mark

Nikkei falls below 10,000-mark

Japan's Nikkei average fell below the 10,000-mark on Friday after a Republican proposal to avert a US fiscal crunch failed to get enough support, a setback that triggered selling in futures and shares of exporters. The Nikkei dropped 1.0 percent to close
Published 22 Dec, 2012 12:00am
Friday's midday trade: Wall Street slides

Friday's midday trade: Wall Street slides

US stocks lost more than 1 percent on Friday after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes that a deal would be reached soon in Washington. Trading is expected to be volatile as investors view a fiscal agree
Published 22 Dec, 2012 12:00am
Wall Street bounces back on hope for 'cliff' solution

Wall Street bounces back on hope for 'cliff' solution

US stocks rebounded from early losses on Thursday after Republican House Speaker John Boehner said he would keep working on a solution to the "fiscal cliff" while also slamming President Barack Obama's approach to budget talks. NYSE Euronext was the S&P 5
Published 22 Dec, 2012 12:00am
Bond prices nudge higher on US fiscal muddle

Bond prices nudge higher on US fiscal muddle

US Treasuries prices rose on a safety bid on Thursday as the absence of progress in the budget talks in Washington raised the stakes that a package of tax hikes and spending cuts will take effect next year and tip the economy back into recession. As a yea
Published 22 Dec, 2012 12:00am
Bond prices nudge higher on US fiscal muddle

Bond prices nudge higher on US fiscal muddle

US Treasuries prices rose on a safety bid on Thursday as the absence of progress in the budget talks in Washington raised the stakes that a package of tax hikes and spending cuts will take effect next year and tip the economy back into recession. As a yea
Published 22 Dec, 2012 12:00am
Seoul shares down; Samsung Elec tumbles

Seoul shares down; Samsung Elec tumbles

Seoul shares ended down on Friday to post their first weekly loss in five weeks after US House Speaker John Boehner abandoned his "fiscal cliff" plan, muddying the outlook for a deal to avert harsh spending cuts and tax hikes. Heavyweight Samsung Electron
Published 22 Dec, 2012 12:00am
Hong Kong shares snap four-week winning streak, underperform China

Hong Kong shares snap four-week winning streak, underperform China

Hong Kong shares posted their worst day in three weeks and their first weekly loss in five on Friday, as investors cut risk in the last full trading week for the year after talks stalled over a deal to avert a fiscal crisis in the United States. Onshore C
Published 22 Dec, 2012 12:00am
Banks lead European shares down on US fiscal fears

Banks lead European shares down on US fiscal fears

Weaker bank stocks led European shares lower on Friday, unsettled by new signs the United States may fail to reach a deal to avoid growth-sapping fiscal measures. Equities fell after the US Republican party failed overnight to back a plan aimed at avertin
Published 22 Dec, 2012 12:00am
Southeast Asian markets: Manila outperforms on the week

Southeast Asian markets: Manila outperforms on the week

Philippine stocks ended higher on Friday, resuming a gain on the week, as investors built up positions in bluechips like banks amid ratings upgrade hopes, while other overbought markets retreated as concerns about US fiscal cliff prompted selling. The Phi
Published 22 Dec, 2012 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.2 percent on Friday pulled down by shares in mining and gold as news of a Republican collapse in the US "fiscal cliff" wrangle weighed on investor sentiment leading up to the Christmas break. Miners BHP Billiton Ltd and Rio Tin
Published 22 Dec, 2012 12:00am
FTSE weakens after US fiscal talks stumble

FTSE weakens after US fiscal talks stumble

Britain's top shares fell on Friday after a choppy session as anxiety over US budget negotiations took its toll on investor sentiment. The FTSE 100 shed 18.35 points, or 0.3 percent, to 5,939.99, having lost as much as 1.1 percent after US Republicans rej
Published 22 Dec, 2012 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc tracked the euro lower against the dollar on Friday afters US lawmakers failed to reach a deal to avoid the growth-sapping tax hikes and spending cuts that could push the world's largest economy into recession. The franc fell 0.3 percent a
Published 22 Dec, 2012 12:00am
Yuan a touch higher

Yuan a touch higher

China's yuan moved a touch firmer against the dollar on Friday, shrugging off a stronger greenback that rose as investors turned to safer assets on worries the US could go over the looming "fiscal cliff". The yuan closed at 6.2286 per dollar, up 0.03 perc
Published 22 Dec, 2012 12:00am
Euro dips in Asia

Euro dips in Asia

The euro fell and the yen firmed on Friday after a US Republican plan aimed at avoiding a fiscal crunch failed to gain enough support, deepening uncertainty over the chances of a deal by year-end. Republican lawmakers delivered a rebuke to their leader, H
Published 22 Dec, 2012 12:00am
Dollar surges against growth-linked currencies

Dollar surges against growth-linked currencies

The dollar rose against growth-linked currencies on Friday after talks to resolve a budget crisis stalled, fuelling concerns the world's largest economy could be tipped into recession. The dollar, however, lagged the yen, as investors trimmed large short
Published 22 Dec, 2012 12:00am
Midday trade in New York: dollar rallies

Midday trade in New York: dollar rallies

-The dollar firmed on Friday as investors sought safety after US budget negotiations to avert spending cuts and tax increases took a turn for the worse, fuelling concerns the United States could slide into recession. The demand for the most liquid currenc
Published 22 Dec, 2012 12:00am
Euro see-saws in New York

Euro see-saws in New York

Currencies held to tight ranges in thin pre-holiday trade on Thursday, with the euro see-sawing against the US dollar while investors struggle to gauge developments on US budget talks against a backdrop of generally positive US economic data. Concerns abo
Published 22 Dec, 2012 12:00am
Australian and New Zealand dollars slip versus yen

Australian and New Zealand dollars slip versus yen

The Australian and New Zealand dollars slipped against the yen on Thursday after the Bank of Japan (BoJ) eased policy but failed to take the bold action the market was betting on to bolster a weak economy. The Aussie trimmed losses to last fetch 88.21 and
Published 22 Dec, 2012 12:00am
Indian rupee hits three-week low

Indian rupee hits three-week low

The Indian rupee hit a three-week low on Friday, extending its fall for a third straight week, as uncertainty over the US "fiscal cliff" resolution dented demand for risk assets including domestic equities. "INR has been choppy and I expect it to remain s
Published 22 Dec, 2012 12:00am
Most Asian currencies slip

Most Asian currencies slip

Most emerging Asian currencies slid on Friday as deepening uncertainty over a US budget deal prompted investors to reduce risky assets after a Republican attempt to avert the US "fiscal cliff" failed. The Indonesian rupiah slid, with dollar/rupiah non-del
Published 22 Dec, 2012 12:00am
Sterling falls versus dollar

Sterling falls versus dollar

Sterling fell against the dollar on Friday after talks to resolve the US budget crisis stalled and lacklustre UK data reinforced concerns about the economy. Renewed worries over the US "fiscal cliff", which could tip the world's largest economy into reces
Published 22 Dec, 2012 12:00am
South Africa reach the summit

South Africa reach the summit

South Africa enjoyed a superb 2012 as they went to the top of the world Test rankings. Meanwhile, after years of declining performances, the West Indies won the World Twenty20. Unbeaten in 10 Tests, a notable nine away from home, South Africa ended Englan
Published 22 Dec, 2012 12:00am
Shahbaz reviews construction work of modern sports complex

Shahbaz reviews construction work of modern sports complex

Punjab Chief Minister Shahbaz Sharif has visited the under-construction modern Sports Complex at Johar Town, here on Friday, and while inspecting the construction work, directed the concerned authorities to accelerate the pace of project. He disclosed tha
Published 22 Dec, 2012 12:00am
Zambia named Africa's top team at CAF awards

Zambia named Africa's top team at CAF awards

Zambia were named Africa's national football side of the year on Thursday at the Confederation of African Football awards, which also saw a series of honours going to Egypt. Zambia's narrow win over power-house Ivory Coast in the African Cup of Nations fi
Published 22 Dec, 2012 12:00am
Yaya Toure named CAF player of the year

Yaya Toure named CAF player of the year

Ivorian Yaya Toure of Manchester City won Africa's top football honour on Thursday, beating out his countryman Didier Drogba and Alexandre Song of Cameroon for the CAF player of the year award. Toure, 29, claimed the prize for the second consecutive year,
Published 22 Dec, 2012 12:00am
Maradona interested in Iraq job

Maradona interested in Iraq job

Argentina legend Diego Maradona is in talks to become the Iraqi national team's new coach for its World Cup 2014 qualifying campaign, his agent has revealed. "We have received the offer. We contacted Maradona and he gave us his approval. We will meet the
Published 22 Dec, 2012 12:00am
Ajmal signs for Hampshire

Ajmal signs for Hampshire

English county Hampshire said on Friday that they have secured the services of Pakistan off-spinner Saeed Ajmal next season as a two-month replacement for Australia Twenty20 skipper George Bailey. The 35-year-old Ajmal, who has taken 122 wickets in 23 Tes
Published 22 Dec, 2012 12:00am
Injuries bite as Man City launch United pursuit

Injuries bite as Man City launch United pursuit

Manchester City's bid to reel in Premier League leaders Manchester United has been jeopardised by injuries to key players as they prepare to open their Christmas campaign at home to Reading on Saturday. Six points off the pace after their 3-2 loss in the
Published 22 Dec, 2012 12:00am
Nottinghamshire block players joining IPL

Nottinghamshire block players joining IPL

English county side Nottinghamshire have defied the wishes of some of their England internationals by banning them from playing in the Indian Premier League, the club said on Friday. The new IPL season begins on April 3 and Notts players Alex Hales, Micha
Published 22 Dec, 2012 12:00am
Linesman death teams to play again

Linesman death teams to play again

The football club of a Dutch linesman who was kicked to death earlier this month is to play the team of his attackers again, Dutch media reported Friday. "We will play against each other again," Buintenboys club director Marcel Oost told local radio stati
Published 22 Dec, 2012 12:00am
First Women's Challenge Cup Hockey Tournament from December 30

First Women's Challenge Cup Hockey Tournament from December 30

Six leading hockey teams of the country are taking part in the First Women's Challenge Cup Hockey Tournament being played here at the National Hockey Stadium from December 30. Teams which have confirmed their participation in the tournament, which will be
Published 22 Dec, 2012 12:00am
Pakistan beat Oman 8-3 in Asian Champions Trophy

Pakistan beat Oman 8-3 in Asian Champions Trophy

Favourite to clinch the title of the Asian Champions Trophy, which started in Doha (Qatar) on Thursday, the green-shirts recorded a convincing 8-3 victory against Oman in the high scoring match in their first match of the tournament at the Al-Rayyan Hocke
Published 22 Dec, 2012 12:00am
Amazingly, world survives Maya 'apocalypse'

Amazingly, world survives Maya 'apocalypse'

A global day of light-hearted doom-themed celebration and superstitious scare-mongering culminated Friday in the jungle temples built by the Mayan people of Central America, whose calendar sparks fears of apocalypse. December 21 marks the end of an era th
Published 22 Dec, 2012 12:00am
Four UN peacekeepers killed

Four UN peacekeepers killed

South Sudanese armed forces shot down a United Nations helicopter, killing all four crew members on board, the UN said Friday. The UN Mission in South Sudan (UNMISS) said an investigation was launched to establish the circumstances under which the craft w
Published 22 Dec, 2012 12:00am
EU tightens noose on Iran with new sanctions

EU tightens noose on Iran with new sanctions

The EU on Friday agreed new sanctions against Iran, adding 18 companies or institutions and one person to a blacklist aimed at forcing stalled talks on Tehran's contested nuclear drive to resume. A statement said a person and 18 entities "involved in nucl
Published 22 Dec, 2012 12:00am
Clashes as Egyptian Islamists stage rally

Clashes as Egyptian Islamists stage rally

Supporters of President Mohamed Morsi and his opponents hurled rocks at each other in Egypt's second city on the eve of a final vote on an Islamist-influenced constitution that has divided the country. Police fired tear gas to separate scores of opponents
Published 22 Dec, 2012 12:00am
Combative Putin takes EU to task

Combative Putin takes EU to task

EU leaders played up the positives of a 30th summit with Russia Friday but a combative Russian President Vladimir Putin took them bluntly to task over energy and human rights. EU President Herman Van Rompuy, highlighting the depth of their trade ties, sai
Published 22 Dec, 2012 12:00am
Canada adds elite Iranian force to terror list

Canada adds elite Iranian force to terror list

Canada added Iran's Quds Force to a list of terrorist groups on Thursday, saying the elite special operations unit of the Iranian Revolutionary Guard had been arming the Taliban, Hamas and others. Public Safety Minister Vic Toews said the Quds Force was r
Published 22 Dec, 2012 12:00am
Nato detects more Scud-type missile launches in Syria

Nato detects more Scud-type missile launches in Syria

President Bashar al-Assad's military has fired more Scud-type missiles inside Syria, Nato officials said on Friday, more than a week after the Western alliance first detected such arms being used on rebel targets. "I can confirm that we have detected the
Published 22 Dec, 2012 12:00am
Cameron visits troops in Afghanistan

Cameron visits troops in Afghanistan

Prime Minister David Cameron on Thursday paid a pre-Christmas visit to British troops serving in Afghanistan, insisting that the "high price" paid by servicemen had been worthwhile, his office said. Cameron told reporters that Afghan security forces were
Published 22 Dec, 2012 12:00am
Britain pays out £14 million for Iraqi abuses: MoD

Britain pays out £14 million for Iraqi abuses: MoD

Britain has paid out £14 million ($22.7 million, 17.2 million euros) to Iraqis who accuse British troops of illegally detaining and torturing them following the 2003 invasion, the Ministry of Defence said Thursday. The ministry confirmed a report in the G
Published 22 Dec, 2012 12:00am
Nearly 200 killed in snap across Russia, eastern Europe

Nearly 200 killed in snap across Russia, eastern Europe

A vicious cold snap across Russia and eastern Europe has claimed nearly 200 lives, officials figures showed Friday, as forecasters warned it would last until Christmas Eve. In Russia, the cold has killed two people in the past 24 hours, the Ria-Novosti ag
Published 22 Dec, 2012 12:00am
Moments of silence, bells mark US school shooting

Moments of silence, bells mark US school shooting

Mourners in Newtown, Connecticut, stood in silence under heavy rain while church bells rang to honour the 20 young children and six staff massacred in a school shooting a week ago. The sombre scene at 09:30 am, the moment a week earlier when a deranged lo
Published 22 Dec, 2012 12:00am
Four killed in Pennsylvania shooting spree

Four killed in Pennsylvania shooting spree

Four people died Friday and several police officers were wounded in a shooting spree in rural Pennsylvania, officials said. The shootings, exactly a week after a massacre of 20 children and six adults at a school in Connecticut, "happened over a large are
Published 22 Dec, 2012 12:00am
IMF extends zero interest loans to poor nations

IMF extends zero interest loans to poor nations

Poor countries with loans from the IMF can continue to pay no interest until the end of 2014, the Fund's board said on Friday, as their economies are still recovering from the global economic crisis. The IMF's zero-interest loan program for low-income cou
Published 22 Dec, 2012 12:00am