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Print - 2013-03-17
The Weather

The Weather

The weather report on Saturday (March 16, 2013) and the forecast for Sunday (March 17, 2013).

Published 17 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee held the overnight levels versus the dollar and euro on the currency market on Friday, dealers said. The rupee did not show any change in relation to the dollar for buying and selling at Rs 99.00 and Rs 99.25, they said. The rupee performed same
Published 17 Mar, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee held the overnight levels versus the dollar and euro on the currency market on Friday, dealers said. The rupee did not show any change in relation to the dollar for buying and selling at Rs 99.00 and Rs 99.25, they said. The rupee performed same
Published 17 Mar, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 16, 2013).

Published 17 Mar, 2013 12:00am
Oil cake market rates

Oil cake market rates

Mixed patterns again witnessed on the forward cotton seeds oilcake market on Saturday in the process of trading, dealers said. The March vaida ended at Rs 906, it opened with a rise of 30 paisa at Rs 906.3 in the morning session, dealers said. The May con
Published 17 Mar, 2013 12:00am
Cotton market: prices firm on tight supply, New York futures surge

Cotton market: prices firm on tight supply, New York futures surge

A decline in fine quality cotton caused firmness in rates on the cotton market. The one-year New York high also contributed to stability in local prices, dealers said. The official spot rate stopped upward march, holding the overnight level at Rs 6,800, t
Published 17 Mar, 2013 12:00am
Argentina sees soya crop at 51-52m tonnes

Argentina sees soya crop at 51-52m tonnes

Argentina should produce 51 million to 52 million tonnes of soyabeans in 2012/13 and 27 million tonnes of corn, Agriculture Minister Norberto Yauhar told Reuters on Friday, forecasting an output increase from the previous season. The South American countr
Published 17 Mar, 2013 12:00am
Lean business witnessed on grain market

Lean business witnessed on grain market

Prices tended higher on the wholesale grain market on Friday in the process of subdued activity, dealers said. On the rice sector, Irri-6 Sindh low type gained Rs 50 to Rs 3450 and the best variety picked up Rs 25 to Rs 3475, other items maintained overni
Published 17 Mar, 2013 12:00am
US natural gas futures rise nearly two percent

US natural gas futures rise nearly two percent

US natural gas futures rose nearly 2 percent on Friday, lifted for a third straight session to a 3-1/2-month spot chart high as a string of supportive storage reports and forecasts for more cold weather in consuming regions lent support. Above-average nuc
Published 17 Mar, 2013 12:00am
Sudden rise in cocoa futures cuts industry buying in European market

Sudden rise in cocoa futures cuts industry buying in European market

The sudden rise in cocoa futures this week following months of weakness, coupled with good supply cover held by chocolate makers, reduced industry purchasing in Europe's cash cocoa market, traders said on Friday. "I think a lot of industrial buyers view t
Published 17 Mar, 2013 12:00am
Indian sugar futures hit contract low on weak demand

Indian sugar futures hit contract low on weak demand

Indian sugar futures extended losses on Friday to hit contract lows, hit by sluggish demand amid mounting supplies and as the government delayed a decision on decontrol of the sugar industry. As of 0919 GMT, the key April sugar contract on India's Nationa
Published 17 Mar, 2013 12:00am
Indian soyaoil, oilseeds futures rise; chana up

Indian soyaoil, oilseeds futures rise; chana up

Indian soyaoil futures rebounded on Friday from their lowest level in four months on bargain buying, supported by gains in overseas prices, though higher edible oil imports capped the upside. Soyabeans edged higher due to good export demand for soyameal a
Published 17 Mar, 2013 12:00am
Russia aims to buy 5 million tonnes of grain for stocks

Russia aims to buy 5 million tonnes of grain for stocks

Russia, looking to replenish state reserves after last year's drought, aims to buy 5 million tonnes of grain this year, Agriculture Minister Nikolai Fyodorov said on Friday. Though the harvest is expected to rebound after drought cut the 2012 wheat crop b
Published 17 Mar, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,055 tonnes of cargo comprising 55,962 tonnes of import cargo and 40,093 tonnes of export cargo including 6,919 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 55,9
Published 17 Mar, 2013 12:00am
Canadian canola futures mixed

Canadian canola futures mixed

ICE Canadian canola futures traded mixed on Friday, and ended with a weekly loss, after several sessions of thin, featureless activity, traders said. Weaker soyabeans overhung the market and were pressured by disappointing US crush data and South America
Published 17 Mar, 2013 12:00am
CBOT wheat futures lower on profit-taking

CBOT wheat futures lower on profit-taking

Chicago Board of Trade wheat futures were lower on Friday on profit-taking following a week-long rally that boosted the market over 3 percent, traders said. Improved US crop weather prospects put some pressure on wheat. Increased rainfall and some snow we
Published 17 Mar, 2013 12:00am
Soya export premiums weak at US Gulf Coast

Soya export premiums weak at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were flat to lower on Friday, pressured by sinking South American premiums and seasonally slow demand for US beans, traders said. Nearby CIF soyabean basis bids were very thin as buying interest was minimal du
Published 17 Mar, 2013 12:00am
Spanish bonds underperform

Spanish bonds underperform

Spanish bond prices fell on Friday, giving up some of their recent gains against Italian counterparts, as the country lined up further debt auctions next week after a snap sale of long-dated debt this week. They also underperformed German Bunds after weak
Published 17 Mar, 2013 12:00am
Spanish bonds underperform

Spanish bonds underperform

Spanish bond prices fell on Friday, giving up some of their recent gains against Italian counterparts, as the country lined up further debt auctions next week after a snap sale of long-dated debt this week. They also underperformed German Bunds after weak
Published 17 Mar, 2013 12:00am
HD Supply picks underwriters to lead IPO

HD Supply picks underwriters to lead IPO

HD Supply, a one-time division of Home Depot Inc that was taken private for $8.5 billion in 2007, has chosen Bank of America Merrill Lynch, Barclays and J.P. Morgan Chase to lead a proposed initial public offering, people familiar with the matter said. Cr
Published 17 Mar, 2013 12:00am
ADR Report: China leads foreign shares lower, America Movil slumps

ADR Report: China leads foreign shares lower, America Movil slumps

US-listed shares of foreign companies ticked lower on Friday on weakness in Chinese stocks, but they eked out a second straight weekly gain. Markets in Hong Kong and China ended their worst week in three, dragged down by shares of Chinese property develop
Published 17 Mar, 2013 12:00am
JGBs steady

JGBs steady

Japanese government bonds held steady, with yields not far above record lows hit last week as the government on Friday gave its official nod to a new Bank of Japan leadership that is expected to proceed with aggressive monetary easing. The 20-year sector,
Published 17 Mar, 2013 12:00am
JGBs steady

JGBs steady

Japanese government bonds held steady, with yields not far above record lows hit last week as the government on Friday gave its official nod to a new Bank of Japan leadership that is expected to proceed with aggressive monetary easing. The 20-year sector,
Published 17 Mar, 2013 12:00am
Indian bond yields stay in tight range

Indian bond yields stay in tight range

Indian federal bond yields stayed in a tight range on Friday as investors were cautious about adding large positions ahead of the central bank's policy review next week, when it is widely expected to reduce rates by at least 25 basis points. The lower-tha
Published 17 Mar, 2013 12:00am
Indian bond yields stay in tight range

Indian bond yields stay in tight range

Indian federal bond yields stayed in a tight range on Friday as investors were cautious about adding large positions ahead of the central bank's policy review next week, when it is widely expected to reduce rates by at least 25 basis points. The lower-tha
Published 17 Mar, 2013 12:00am
India raises $116 million from aluminium stake sale

India raises $116 million from aluminium stake sale

India raised $116 million by selling shares in state-run National Aluminium Co Ltd (NALCO) on Friday, taking the government closer to its fundraising target to reduce the budget deficit. The single-day NALCO auction received bids for a total of 156.94 mil
Published 17 Mar, 2013 12:00am
Thai bonds see record inflows, outdoing rest of Asia

Thai bonds see record inflows, outdoing rest of Asia

The Thai bond market has seen $7.3 billion in inflows this year, the biggest of any Asian market, according to BNP Paribas, and analysts expect the trend to continue as interest rates are set to remain low and the baht is appreciating with no sign of inte
Published 17 Mar, 2013 12:00am
Thai bonds see record inflows, outdoing rest of Asia

Thai bonds see record inflows, outdoing rest of Asia

The Thai bond market has seen $7.3 billion in inflows this year, the biggest of any Asian market, according to BNP Paribas, and analysts expect the trend to continue as interest rates are set to remain low and the baht is appreciating with no sign of inte
Published 17 Mar, 2013 12:00am
Treasuries outlook: prices rise as consumer sentiment takes a hit

Treasuries outlook: prices rise as consumer sentiment takes a hit

US Treasuries prices rose on Friday as lower stock prices and an unexpected drop in March US consumer sentiment enhanced the allure of safe-haven US government debt. With $66 billion of new debt supply out of the way this week, investors were also moving
Published 17 Mar, 2013 12:00am
Treasuries outlook: prices rise as consumer sentiment takes a hit

Treasuries outlook: prices rise as consumer sentiment takes a hit

US Treasuries prices rose on Friday as lower stock prices and an unexpected drop in March US consumer sentiment enhanced the allure of safe-haven US government debt. With $66 billion of new debt supply out of the way this week, investors were also moving
Published 17 Mar, 2013 12:00am
Italy's Moleskine launches 280 million euro public offer

Italy's Moleskine launches 280 million euro public offer

Italy's Moleskine will open books on Monday on an initial public offer (IPO) valuing the maker of black notebooks at up to 561 million euros ($733 million) and bringing a majority stake onto the market. The maker of thread-bound jotters based on originals
Published 17 Mar, 2013 12:00am
Brazilian stocks down

Brazilian stocks down

Brazilian stocks fell on Friday after weak results from homebuilder MRV dampened the outlook for the country's construction sector, offsetting supportive economic growth data from the central bank. America Movil weighed on Mexico's bourse after a congress
Published 17 Mar, 2013 12:00am
Energy shares power TSX, but weekly gain slips away

Energy shares power TSX, but weekly gain slips away

Canada's main stock index ended higher on Friday on the back of surging energy stocks and a slight gain in financials, but the market just missed notching its fourth-straight weekly gain due to steep losses earlier in the week. The upward momentum was lar
Published 17 Mar, 2013 12:00am
Dow retreats from 10-day rally; J.P Morgan weighs

Dow retreats from 10-day rally; J.P Morgan weighs

US stocks slipped on Friday, ending the Dow Jones industrial average's longest winning streak since 1996 as investors paused just below the S&P 500's record high. A decline in J.P. Morgan Chase shares after the bank was hit by a one-two punch of bad news
Published 17 Mar, 2013 12:00am
US concern on China currency fades as yuan grinds higher

US concern on China currency fades as yuan grinds higher

After years of grabbing the spotlight in US-China economic relations, US concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak C
Published 17 Mar, 2013 12:00am
Mexican peso up, Brazil real drops

Mexican peso up, Brazil real drops

Latin American currencies edged lower on Friday as a decline in US consumer confidence weighed on the Mexican peso while doubts about future interest rate hikes in Brazil hit the real. The Brazilian real dropped 0.14 percent to 1.9840 per dollar as invest
Published 17 Mar, 2013 12:00am
Yen to take a breather after sharp slide

Yen to take a breather after sharp slide

The yen has taken a hit this year, but leading foreign exchange strategists polled by Reuters say it won't fall much further until the Bank of Japan actually follows through on promises of aggressive easing. For now, those plans remain far in the future.
Published 17 Mar, 2013 12:00am
Dollar falls on profit-taking ahead of Fed meeting

Dollar falls on profit-taking ahead of Fed meeting

The dollar fell from a recent seven-month high against a basket of currencies on Friday as investors opted to book profits after US inflation data kept the door open for the Federal Reserve to continue its bond-buying program for the foreseeable future. T
Published 17 Mar, 2013 12:00am
Euribor rates unchanged

Euribor rates unchanged

Euribor bank-to-bank lending rates were unchanged on Friday after the European Central Bank said a day earlier its monetary stance will remain accommodative. The ECB kept its main refinancing rate on hold at a record-low level of 0.75 percent last week, w
Published 17 Mar, 2013 12:00am
Speculators lift dollar bets to highest since July

Speculators lift dollar bets to highest since July

Currency speculators boosted bets in favour of the US dollar in the latest week to the highest in eight months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $25.46
Published 17 Mar, 2013 12:00am
Swedish, Norwegian crowns to stay among top currency performers

Swedish, Norwegian crowns to stay among top currency performers

Scandinavia's top currencies will remain strong this year on healthy economic fundamentals, resilience to Europe's struggles and expectation that central banks will begin hiking rates before others, a Reuters poll found. Both the Norwegian and Swedish cro
Published 17 Mar, 2013 12:00am
Canadian dollar climbs to three-week high

Canadian dollar climbs to three-week high

The Canadian dollar touched its strongest level against its US counterpart in three weeks on Friday, underpinned by a broader US dollar selloff and as a batch of US data tempered recent optimism about the economy. The Canadian dollar gained nearly a cent
Published 17 Mar, 2013 12:00am
Five-wicket Herath restricts Bangladesh

Five-wicket Herath restricts Bangladesh

Sri Lanka's Rangana Herath bagged five wickets as Bangladesh were bowled out for 240 in their first innings on the opening day of the second and final Test in Colombo on Saturday. The left-arm spinner finished with 5-68, his 15th haul of five or more wick
Published 17 Mar, 2013 12:00am
Murray ousted by Del Potro, Djokovic cruises

Murray ousted by Del Potro, Djokovic cruises

US Open champion Andy Murray made a slew of unforced errors as he was knocked out of the BNP Paribas Open quarter-finals by Argentina's Juan Martin Del Potro on Friday. Though the British world number three edged a close first set 7-5 on the tiebreak, he
Published 17 Mar, 2013 12:00am
Sharapova books Indian Wells final against Wozniacki

Sharapova books Indian Wells final against Wozniacki

Maria Sharapova reached her first final of 2013 on Friday, beating Maria Kirilenko 6-4, 6-3 in a semi-final slugfest to set up a title showdown with Caroline Wozniacki at Indian Wells. By reaching the final, Sharapova is projected to rise one spot to No 2
Published 17 Mar, 2013 12:00am
Pakistan level series after a six-wicket victory

Pakistan level series after a six-wicket victory

Pakistan fast bowler Mohammad Irfan took four wickets in a devastating opening spell to set up a six-wicket win in the second one-day international against South Africa on Friday. Tall left-armer Irfan took a career-best four for 33 in seven overs as Sout
Published 17 Mar, 2013 12:00am
Brazilian Lee takes lead at Thailand Open

Brazilian Lee takes lead at Thailand Open

Brazilian Lucas Lee made an eight-foot birdie putt on the last hole on Saturday to snatch a one-stroke lead after three rounds of the $1 million Thailand Open at Thana City Golf & Sports Club near Bangkok. Lee's rounds of 65, 67 and 65 leave him 19 under
Published 17 Mar, 2013 12:00am
Australia to meet Malaysia in hockey final

Australia to meet Malaysia in hockey final

World Champions Australia will contest hosts Malaysia in the final Sunday of the Sultan Azlan Shah Cup after edging out the tournament's defending champions New Zealand. Australia booked their place with a 3-2 win over the Kiwis Saturday, while the Malays
Published 17 Mar, 2013 12:00am
Broad leaves New Zealand on ropes

Broad leaves New Zealand on ropes

A six-wicket haul by England paceman Stuart Broad left New Zealand fighting for survival as they were forced to follow on in the second Test at Wellington's Basin Reserve on Saturday. At stumps, with two days remaining, New Zealand were 77 for one in thei
Published 17 Mar, 2013 12:00am
Everton leave Man City title hopes in tatters

Everton leave Man City title hopes in tatters

Manchester City's fingertip hold on their Premier League title was further loosened after a demoralising 2-0 defeat at Everton on Saturday left them praying for a footballing miracle. Leon Osman's swerving 32nd-minute shot put Everton in front at a raucou
Published 17 Mar, 2013 12:00am
PPP opens floodgates for promotions in bureaucracy

PPP opens floodgates for promotions in bureaucracy

An unprecedented number of BPS-22 officers, said to be as many as 50, are working in the federal secretariat, excluding Salman Farooqui, Secretary of the Election Commission of Pakistan (ECP), Secretary Senate, Secretary of the National Assembly Wajid Ran
Published 17 Mar, 2013 12:00am
Global Compact Network Pakistan to hold seminar on March 21

Global Compact Network Pakistan to hold seminar on March 21

The Global Compact Network Pakistan in collaboration with Employers' Federation of Pakistan is organising a Private Sector/ Stakeholders Consultation meeting on Post - 2015 Development Agenda on March 21, 2013 at 4:30 pm at local hotel, Karachi.
Published 17 Mar, 2013 12:00am
Taiser Town search operation: members of banned outfit among 18 detained

Taiser Town search operation: members of banned outfit among 18 detained

Sindh Rangers on Saturday claimed arresting 18 suspects, including some members of a banned outfit, during a search operation in the Taiser Town area. According to officials, the operation was conducted on a tipoff. During the search operation, personnel
Published 17 Mar, 2013 12:00am
Five die in Karachi violence

Five die in Karachi violence

At least five persons were killed in separate incidents of violence in the Sindh metropolis on Saturday. According to police and rescue sources, unidentified armed men shot dead a man named Nadeem, 45, outside his house in Sector 5-G of New Karachi. Polic
Published 17 Mar, 2013 12:00am
Haleem distributes shields, Ajraks among Relief Department's employees

Haleem distributes shields, Ajraks among Relief Department's employees

For the first time in the history, Sindh Government's employees/officials (grade 01 to 20) received shields and Ajraks on their best performance, and many of them could not stop their tears on this occasion of great love and appreciation. Relief departmen
Published 17 Mar, 2013 12:00am
India seeks MFN status from Pakistan

India seeks MFN status from Pakistan

Despite threats and clashes between the two arch-rivals India still hoping that Pakistan would soon grant the Most Favoured Nation (MFN) status to India, India's top diplomat to the US has said that such a move would clear the ways for closer trade ties b
Published 17 Mar, 2013 12:00am
SITE congratulates Zardari on IP gas pipeline project

SITE congratulates Zardari on IP gas pipeline project

Naseem Anwar, Senior Vice Chairman, SITE Association of Industry congratulated Asif Ali Zardari, President of Islamic Republic of Pakistan upon ground breaking ceremony of Pak-Iran gas pipeline project held on 11th March 2013. He said that this courageous
Published 17 Mar, 2013 12:00am
'Chacha' Chaudhry dies on 104th birthday

'Chacha' Chaudhry dies on 104th birthday

veteran photo journalist F E Chaudhry known as 'Chacha' Chaudhry, breathed his last on his 104th birthday. He was the recipient of Tamgha-e-Khidmat, President's Pride of Performance, Sitara-e-Imtiaz and numerous other prestigious awards. He was the father
Published 17 Mar, 2013 12:00am
Korangi cotton warehouse gutted

Korangi cotton warehouse gutted

A fire at a warehouse in Korangi Industrial area police limits early Saturday morning spoiled cotton worth millions of rupees. According to the Fire Brigade department, the fire broke out at around 10:45am and some 18 sheds were on fire when they arrived
Published 17 Mar, 2013 12:00am
Kenya's Odinga challenges election defeat in top court

Kenya's Odinga challenges election defeat in top court

Defeated presidential contender Raila Odinga challenged his election loss in court on Saturday, alleging widespread ballot rigging in a fresh test of Kenyan democracy five years after a disputed vote triggered deadly tribal violence. Shortly before the pe
Published 17 Mar, 2013 12:00am
Sri Lanka bars Briton with Buddha tattoo

Sri Lanka bars Briton with Buddha tattoo

Sri Lanka denied entry to a British tourist sporting a Buddha tattoo on his arm because he showed disrespect to Buddhism, a newspaper report said Saturday. The unnamed Briton was turned back at Bandaranaike International Airport late Friday, according to
Published 17 Mar, 2013 12:00am
Swiss tourist gang-raped while camping in India

Swiss tourist gang-raped while camping in India

Four men raped a 39-year-old Swiss woman camping with her husband in an Indian forest, police said on Saturday, turning the spotlight anew on the security of women in the world's largest democracy. The attack on Friday night in the central state of Madhya
Published 17 Mar, 2013 12:00am
Venezuelans flood streets for another Chavez coffin parade

Venezuelans flood streets for another Chavez coffin parade

Hundreds of thousands of Venezuelans were on the streets again on Friday at a funeral parade for Hugo Chavez amid opposition protests that the government was exploiting his death to win the election. Chavez's remains were transported for about 12 miles (2
Published 17 Mar, 2013 12:00am
Three dead in Russian military helicopter crash

Three dead in Russian military helicopter crash

Three people were killed on Saturday when a Russian military helicopter crashed during a landing attempt in bad weather in Chechnya, investigators said. The Mi-8 helicopter belonged to a military base in nearby Stavropol region and crashed as it was attem
Published 17 Mar, 2013 12:00am
Saudi preacher urges reforms to ease tensions in kingdom

Saudi preacher urges reforms to ease tensions in kingdom

A Saudi preacher has appealed for reforms in the ultra-conservative kingdom, warning in an open letter posted Saturday on social networks that denial of rights was raising tensions in the country. "The people have aspirations, demands and rights and they
Published 17 Mar, 2013 12:00am
Thousands of Tunisians call for government to quit

Thousands of Tunisians call for government to quit

Thousands of Tunisians took to the streets of the capital Tunis on Saturday to call for an end to an Islamist government they blame for the assassination of a leading secular politician 40 days earlier. It was the biggest demonstration since Chokri Belaid
Published 17 Mar, 2013 12:00am
Brazilian oil states take royalty war to Supreme Court

Brazilian oil states take royalty war to Supreme Court

Brazil's main oil-producing states asked their country's Supreme Court on Friday to overturn a new law that strips them of billions of dollars in royalties levied on the output of rich offshore oil fields. The three main oil-producing states, Rio de Janei
Published 17 Mar, 2013 12:00am
Bunge director, member of founding family, quits board

Bunge director, member of founding family, quits board

A descendant of the family that founded Bunge Ltd in the 19th Century has quit the agribusiness company's board of directors, where he has served since the company went public in 2001. Jorge Born Jr., 50, told Bunge's 11-member board on March 8 that he wa
Published 17 Mar, 2013 12:00am
Obama renews call for investment in efficient energy

Obama renews call for investment in efficient energy

US President Barack Obama on Saturday renewed his call for developing new technologies that would reduce dependence on fossil fuels and shift American cars and trucks off petroleum gas. "The only way we're going to break this cycle of spiking gas prices f
Published 17 Mar, 2013 12:00am
Boeing sees 787 airborne in weeks; timetable questioned

Boeing sees 787 airborne in weeks; timetable questioned

Boeing Co said Friday its 787 Dreamliner jets could be airborne within weeks using a new battery system that includes safeguards against overheating, a prediction that drew scepticism from some regulators and industry experts. Japanese regulators immediat
Published 17 Mar, 2013 12:00am