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Print - 2013-03-19
Oil cake market rates

Oil cake market rates

An upward trend was witnessed on the forward cotton seeds oilcake market on Monday in the process of trading, dealers said. The March vaida ended at Rs 906.3, while it opened with a rise of 30 paisa at Rs 906.6 in the morning session, dealers said. The Ma
Published 19 Mar, 2013 12:00am
Prices soar to Rs 7500 on shortage of best quality cotton

Prices soar to Rs 7500 on shortage of best quality cotton

Prices soared on the cotton market on Monday at Rs 7,500 as the ginners have raised asking prices due to sharp fall in supply position, dealers said. The official spot rate held the overnight level at Rs 6,800, they said. Rates of seed cotton in Sindh wer
Published 19 Mar, 2013 12:00am
Prices of dyes items up on Jodia Bazaar

Prices of dyes items up on Jodia Bazaar

The trading in dyes items ended up on Jodia Bazaar here on Monday. The following changes were noted. DYES ITEMS (Per pound):
Published 19 Mar, 2013 12:00am
Rice prices up on grain market

Rice prices up on grain market

Prices of rice higher on the wholesale grain market on Monday in process of subdued activity, dealers said.
Published 19 Mar, 2013 12:00am
Egypt sees wheat output of 9.475 million tonnes

Egypt sees wheat output of 9.475 million tonnes

Egypt expects wheat production of around 9.475 million tonnes this season if good weather conditions continue, the state news agency quoted Agriculture Minister Salah Abdel Momen as saying on Monday. Abdel Momen added that Egypt needed 9 million tonnes of
Published 19 Mar, 2013 12:00am
Russia's 2013 grain crop may be as low as 80 million tonnes

Russia's 2013 grain crop may be as low as 80 million tonnes

The grain crop in Russia, one of the world's biggest wheat exporters, may be as low as 80 million tonnes this year, Deputy Agriculture Minister Ilya Shestakov was quoted as saying by Interfax news agency. "These are only forecasts to determine our proposa
Published 19 Mar, 2013 12:00am
European wheat prices mostly lower

European wheat prices mostly lower

Western European wheat prices were mostly flat to lower on Monday as export-boosting weakness in the euro partly offset broad losses in commodities linked to a controversial bailout plan for euro-zone member Cyprus. Worries over the consequences of a prop
Published 19 Mar, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 199,752 tonnes of cargo comprising 102,670 tonnes of import cargo and 97,082 tonnes of export cargo including 6,167 loaded and empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 102,
Published 19 Mar, 2013 12:00am
Indian sugar futures fall on subdued demand

Indian sugar futures fall on subdued demand

Indian sugar futures extended last week's losses on Monday on sluggish demand and rising supplies, though hopes the government will decontrol the tightly controlled industry limited the downside. As of 0956 GMT, the key April sugar contract on the Nationa
Published 19 Mar, 2013 12:00am
Super Wednesday for world's central banks

Super Wednesday for world's central banks

The Bank of Japan welcomes a new anti-deflation governor this week, the Bank of England might get a new pro-growth mandate and the Federal Reserve is likely to stick like glue to its aggressive bond-buying programme. Together, the three events speak volum
Published 19 Mar, 2013 12:00am
Templeton's Mobius to manage Islamic Asia-focused fund

Templeton's Mobius to manage Islamic Asia-focused fund

Mark Mobius, one of the world's most well-known emerging market investors, is getting into Islamic finance, highlighting the sector's growing attraction as a mainstream asset class. Mobius will lead the Templeton Shariah Asian Growth Fund, one of three Sh
Published 19 Mar, 2013 12:00am
Templeton's Mobius to manage Islamic Asia-focused fund

Templeton's Mobius to manage Islamic Asia-focused fund

Mark Mobius, one of the world's most well-known emerging market investors, is getting into Islamic finance, highlighting the sector's growing attraction as a mainstream asset class. Mobius will lead the Templeton Shariah Asian Growth Fund, one of three Sh
Published 19 Mar, 2013 12:00am
Iraq undercuts Saudi market to snare Asian oil share

Iraq undercuts Saudi market to snare Asian oil share

Fast-growing oil exporter Iraq is selling its crude cheaper than any comparable supply, undercutting regional rival Saudi Arabia to grab a bigger slice of the Asian market. Three years into an oil expansion following decades of war and sanctions, Baghdad
Published 19 Mar, 2013 12:00am
Current oil prices will not deter Asian growth: Saudi's Naimi

Current oil prices will not deter Asian growth: Saudi's Naimi

Current oil prices will have no impact on growth in Asia, the oil minister for top exporter Saudi Arabia said on Monday, even as the region's biggest economies struggle with rising energy costs in their efforts to boost growth. Japan, one of the world's t
Published 19 Mar, 2013 12:00am
Britain to devolve public spending to boost growth

Britain to devolve public spending to boost growth

A plan to devolve potentially billions of pounds of public spending to local authorities and businesses in Britain to boost a stagnant economy won a green light from the government on Monday. The Treasury said the coalition government had approved almost
Published 19 Mar, 2013 12:00am
New Indian-made electric car to hit the roads

New Indian-made electric car to hit the roads

Top Indian utility vehicle maker M&M on Monday launched the most advanced home-grown electric car yet seen, pricing it at $11,000 and saying it hopes to sell the hatchback abroad next year. The four-seater, two-door e2o - pronounced "ee-too-oh" - has zero
Published 19 Mar, 2013 12:00am
Moody's says India's food inflation a negative for credit ratings

Moody's says India's food inflation a negative for credit ratings

India's high food inflation is a negative for the country's sovereign ratings as it filters through the broader economy, with adverse consequences for growth and the country's large fiscal and current account deficits, Moody's said on Monday. Moody's Inve
Published 19 Mar, 2013 12:00am
Airbus wins record $24 billion Indonesian order

Airbus wins record $24 billion Indonesian order

Europe's Airbus grabbed a record order worth $24 billion at list prices from Indonesian budget carrier Lion Air on Monday, shaking arch-rival Boeing's grip on one of the world's fastest-growing airlines. The blockbuster order for 234 medium-haul jets unde
Published 19 Mar, 2013 12:00am
HSBC mulls thousands more job cuts

HSBC mulls thousands more job cuts

HSBC could cut up to another 5,000 jobs as Europe's biggest bank looks to find further savings, the Financial Times reported on Monday. The business daily said HSBC - Europe's largest bank by market value - was set to outline the next stage of a strategic
Published 19 Mar, 2013 12:00am
Exports narrow eurozone January trade deficit versus year ago

Exports narrow eurozone January trade deficit versus year ago

The euro zone narrowed its trade deficit in January from a year ago, as growth in exports outpaced imports, data showed on Monday, adding to signs that trade could help drive an economic recovery. The trade deficit of the 17 countries sharing the euro, un
Published 19 Mar, 2013 12:00am
Cyprus reworks divisive bank tax, delays vote

Cyprus reworks divisive bank tax, delays vote

Cypriot ministers scrambled to revise a plan to seize money from bank deposits before a parliamentary vote on Tuesday that will either secure the island's financial rescue or threaten its default. The weekend announcement that Cyprus would impose a tax on
Published 19 Mar, 2013 12:00am
Nikkei retreats

Nikkei retreats

Japan's Nikkei share average dropped 2.7 percent on Monday, pulling back from a 54-month high and posting the biggest slide in 10 months after a proposed bank bailout for Cyprus spooked investors, strengthening the yen and hurting economy-sensitive shares
Published 19 Mar, 2013 12:00am
Monday's midday trade: bank shares lead market pullback

Monday's midday trade: bank shares lead market pullback

US stocks fell on Monday after a Cypriot plan to tax bank accounts as part of a larger scheme to avoid a bankruptcy triggered a selloff in European financial shares, and rekindled fears about an escalation in the euro-zone crisis. The weekend announcement
Published 19 Mar, 2013 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks shed 1.47 percent on Monday to close at their lowest since January 29, pressured by financial shares which tumbled 2.3 percent after the terms of a bailout proposal for Cyprus raised fears of a run on some banks in the region. The main TAIEX
Published 19 Mar, 2013 12:00am
Indian shares fall

Indian shares fall

Indian shares fell for a second consecutive session on Monday as interest rate-sensitive stocks were hit a day before the central bank reviews monetary policy, while broader sentiment was hurt after a radical bailout plan for Cyprus spooked global markets
Published 19 Mar, 2013 12:00am
Southeast Asian stocks down

Southeast Asian stocks down

Southeast Asian stocks ended weaker on Monday, following Asian peers as nervous investors shifted to safer heavens after a radical bailout plan for Cyprus dented the appetite for risky assets globally. Cyprus and international lenders agreed at the weeken
Published 19 Mar, 2013 12:00am
Australian shares slump on Cyprus woes

Australian shares slump on Cyprus woes

Australian shares dropped 2.1 percent on Monday, its largest one day drop in 4 weeks as investors were spooked by an unusual bailout proposal for Cyprus, sending copper prices sharply lower and triggering a broad selloff in cyclical stocks. London copper
Published 19 Mar, 2013 12:00am
Cyprus bailout plan dents European stock rally

Cyprus bailout plan dents European stock rally

European shares fell on Monday, slipping further from multi-year highs hit last week, as Cyprus's bailout plan involving a tax on bank deposits sparked fears of bank runs in the euro zone's most indebted countries. Shares in southern European lenders were
Published 19 Mar, 2013 12:00am
Sri Lankan bourse near one-month high

Sri Lankan bourse near one-month high

Sri Lankan stocks rose for a third straight session on Monday to a near one-month high as investors picked up bank shares, but turnover was low as many investors stayed away because of rising interest rates. The main index ended 0.27 percent higher at 5,7
Published 19 Mar, 2013 12:00am
South Korean shares extend losses

South Korean shares extend losses

South Korean shares fell on Monday, hurt by a second session of heavy foreign selling as uncertainty over a proposed bailout for Cyprus reignited worries about the euro zone debt crisis. The Korea Composite Stock Price Index (KOSPI) closed down 0.9 percen
Published 19 Mar, 2013 12:00am
Banks weigh on Britain's FTSE on Cypriot deposit tax

Banks weigh on Britain's FTSE on Cypriot deposit tax

Britain's FTSE 100 fell on Monday as a surprise deposit tax in Cyprus hit banking shares, but the index ended off early lows as investors saw limited risk of larger European countries considering such a move. The Cypriot levy, which has to be approved by
Published 19 Mar, 2013 12:00am
Indian rupee tumbles

Indian rupee tumbles

The Indian rupee posted its worst daily fall against the dollar in more than two weeks on Monday, tracking a fall in global currencies after a bailout plan for Cyprus that involved taxing bank deposits sent shockwaves across financial markets. On top of t
Published 19 Mar, 2013 12:00am
Euro skids, yen rises

Euro skids, yen rises

The euro dived and traders squeezed the yen higher in Asian trade on Monday as news that Cyprus' bailout plan involves a tax on depositors was taken as a dangerous precedent that could ultimately trigger bank runs elsewhere in the euro zone.
Published 19 Mar, 2013 12:00am
Early trade in New York: Euro drops to three-month low versus dollar

Early trade in New York: Euro drops to three-month low versus dollar

The euro tumbled to a more than three-month low against the US dollar and a roughly two-week trough versus the yen on Monday as a bailout plan for Cyprus that will tax bank deposits spurred contagion worries in the euro zone. The euro dropped to a three-m
Published 19 Mar, 2013 12:00am
Euro plummets in London

Euro plummets in London

The euro fell sharply on Monday, hurt by news of a bailout plan for Cyprus that will tax bank deposits and which has raised fears of bank runs elsewhere in the euro zone. Eurozone finance ministers demanded at the weekend that Cypriots pay up to 9.9 perce
Published 19 Mar, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.55-78.59 (78.62-78.62). Call Money Rates: 06.75-07.50 percent (previous 06.00-07.75 percent.
Published 19 Mar, 2013 12:00am
Yuan barely lower

Yuan barely lower

China's yuan edged lower on Monday after the central bank set a slightly weaker midpoint to reflect the dollar's global rally, traders said. Spot yuan closed at 6.2158 per dollar, down 0.04 percent from Friday's close of 6.2135 after the People's Bank of
Published 19 Mar, 2013 12:00am
Gloomy Cyprus chills Asia FX

Gloomy Cyprus chills Asia FX

Most emerging Asian currencies slid on Monday as a radical bailout plan for Cyprus reignited worries about the euro zone's debt crisis and prompted investors to dump riskier assets. The ringgit weakened to its lowest since August last year, breaching a ch
Published 19 Mar, 2013 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling hit a five-week high against a struggling euro on Monday as a bailout plan for Cyprus that included a tax on bank deposits sparked fears of bank runs elsewhere in the euro zone. The move, in which euro zone finance ministers demanded depositors i
Published 19 Mar, 2013 12:00am
Venezuela election rivals clash over crime

Venezuela election rivals clash over crime

Moments after he registered to run in Venezuela's April 14 election, acting President Nicolas Maduro vowed to go on foot, unarmed, into the toughest slums of Caracas and ask the gangs there to lay down their guns. Maduro and his opponent, Henrique Caprile
Published 19 Mar, 2013 12:00am
Zambia former president questioned by investigators

Zambia former president questioned by investigators

Zambia's former president Rupiah Banda was questioned for more than three hours by government investigators Monday, just days after parliament voted to strip him of his immunity from prosecution. Banda - who ruled the country from 2008 to 2011 - faces all
Published 19 Mar, 2013 12:00am
Italian envoy to India 'has no immunity': court

Italian envoy to India 'has no immunity': court

India's top judge said Monday that Italy's ambassador had forfeited his diplomatic immunity over his role in securing the release of two marines who skipped bail while on trial for murder in New Delhi. Chief Justice Altamas Kabir said Daniele Mancini, who
Published 19 Mar, 2013 12:00am
Heavy rains leave 10 dead in Brazil

Heavy rains leave 10 dead in Brazil

Landslides triggered by heavy rains have left 10 people dead over the past 24 hours in the Brazilian tourist town of Petropolis, whose historic center is under water, authorities said Monday. Among the victims are two civil defence officials who took part
Published 19 Mar, 2013 12:00am
US Marines extend K-MAX unmanned helicopter's use in Afghanistan

US Marines extend K-MAX unmanned helicopter's use in Afghanistan

The US Marine Corps has extended indefinitely its use of two unmanned K-MAX heavy lift helicopters in Afghanistan, a Navy spokeswoman said, noting the aircraft kept re-supply trucks off the road and reduced the threat of roadside bombs. The Marine Corps s
Published 19 Mar, 2013 12:00am
Nato chief says Karzai accusation 'absolutely ridiculous'

Nato chief says Karzai accusation 'absolutely ridiculous'

The head of Nato said on Monday it was "absolutely ridiculous" for Afghan President Hamid Karzai to accuse the United States of colluding with the Taliban and said Kabul should recognise sacrifices made by other countries on Afghanistan's behalf.
Published 19 Mar, 2013 12:00am
Somali car bomb attack kills ten

Somali car bomb attack kills ten

At least ten people were killed Monday by a car bomb in central Mogadishu in one of the bloodiest attacks in the war-ravaged capital in recent months, Somali officials said. Security sources added that a top intelligence official was the target of the att
Published 19 Mar, 2013 12:00am
Sri Lanka opens new Chinese-funded airport

Sri Lanka opens new Chinese-funded airport

Sri Lanka's president opened the country's second international airport on Monday, intended to help spur a new economic hub and act as a gateway to the island's south-east. The Sharjah-based low-cost carrier Air Arabia on Monday became the first foreign a
Published 19 Mar, 2013 12:00am
Swedish minister apologises for remarks on immigrants

Swedish minister apologises for remarks on immigrants

Swedish Migration Minister Tobias Billstroem apologised Monday for controversial remarks he made about illegal immigrants' looks in the country's paper of record Dagens Nyheter (DN). "Sometimes we get the impression that a person in hiding is living with
Published 19 Mar, 2013 12:00am
Russia dismisses US missile defence move

Russia dismisses US missile defence move

Russia said Monday it saw "no concession" in the US decision to abandon the final phase of its missile shield for Europe in favour of deploying new interceptors against a possible attack from North Korea. The US move was seen in Washington as raising pros
Published 19 Mar, 2013 12:00am
India seeks stronger ties as Egypt president visits

India seeks stronger ties as Egypt president visits

India said it was looking forward to strengthening economic ties with Egypt as President Mohamed Morsi headed to New Delhi for talks starting on Tuesday. The Egyptian president is due to meet India's Prime Minister Manmohan Singh and business groups to bo
Published 19 Mar, 2013 12:00am
'Al Qaeda' attack on Iraq ministry killed 30

'Al Qaeda' attack on Iraq ministry killed 30

A brazen attack on the Iraqi justice ministry claimed by al Qaeda's Iraqi affiliate killed 30 people and wounded 50, state TV quoted justice minister Hassan al-Shammari as saying on Monday. Security and medical officials had previously put the toll from t
Published 19 Mar, 2013 12:00am
Obama nominates Tom Perez as Secretary of Labour

Obama nominates Tom Perez as Secretary of Labour

President Barack Obama on Monday nominated Tom Perez, head of the Justice Department's Civil Rights Division, as labour secretary, a cabinet member who will play a key role in the administration's efforts to raise the minimum wage and reform immigration l
Published 19 Mar, 2013 12:00am
Americans still divided over Iraq war: poll

Americans still divided over Iraq war: poll

A decade after the US-led invasion of Iraq, Americans remain divided over the war, with a majority believing it was a mistake, according to a poll released Monday. The Gallup survey, the first since US forces withdrew from Iraq in December 2011, showed Am
Published 19 Mar, 2013 12:00am
Nadal cements return with Indian Wells triumph

Nadal cements return with Indian Wells triumph

Rafael Nadal defeated Juan Martin del Potro 4-6, 6-3, 6-4 on Sunday to win his third Indian Wells ATP Masters title and cement his return from a seven-month injury layoff. The 11-time Grand Slam champion from Spain claimed his first hard court title since
Published 19 Mar, 2013 12:00am
Sohail Tanvir likely to join team

Sohail Tanvir likely to join team

Left-arm fast bowler Sohail Tanvir has been called up to the Pakistan one-day squad as cover for Mohammed Irfan and Umar Gul, a website reported on Monday. Tanvir, who is already in South Africa playing for the Lions franchise in the domestic Twenty20 com
Published 19 Mar, 2013 12:00am
Qatar to help boost Pakistan football

Qatar to help boost Pakistan football

The 2022 World Cup host Qatar will provide technical and professional assistance to Pakistan to help develop football in the country, an official said Monday. Despite being a popular sport, lack of government support and infrastructure has held back the g
Published 19 Mar, 2013 12:00am
Sharapova wins title

Sharapova wins title

Maria Sharapova peaked at just the right time on Sunday to beat Caroline Wozniacki 6-2, 6-2 and win her second Indian Wells WTA title in emphatic style. The 25-year-old Russian, already projected to supplant Australian Open champion Victoria Azarenka at N
Published 19 Mar, 2013 12:00am
New ODI rules have slow bowlers in a spin: Afridi

New ODI rules have slow bowlers in a spin: Afridi

The new rules in One-day international cricket have made it difficult for slow bowlers, Pakistan's experienced leg-spinner Shahid Afridi said on Monday. The former Pakistani captain has 348 victims in 352 One-dayers but is without a wicket in the first th
Published 19 Mar, 2013 12:00am
Frustration for England as second Test ends in draw

Frustration for England as second Test ends in draw

England's hopes of snatching a win in the second Test against New Zealand dissolved in the Wellington rain Monday, with the match declared a draw after the final day's play was washed out. The clash at the Basin Reserve ended with New Zealand at 162 for t
Published 19 Mar, 2013 12:00am
Bangladesh bans top umpire for 10 years

Bangladesh bans top umpire for 10 years

The Bangladesh Cricket Board on Monday banned international umpire Nadir Shah for 10 years after a sting operation by an Indian TV channel found him apparently willing to fix matches for cash. Shah announced he would appeal against the decision, saying he
Published 19 Mar, 2013 12:00am
Bob Woolmer remembered

Bob Woolmer remembered

Pakistan and the rest of the cricket world observed the 6th death anniversary of former national team coach, Bob Woolmer on Monday. Woolmer, 58, born in Kanpur (India) was found dead in his hotel room in Jamaica on March 18, 2007, one day after Pakistan w
Published 19 Mar, 2013 12:00am
Herath puts Bangladesh in a spin

Herath puts Bangladesh in a spin

Sri Lanka's Rangana Herath grabbed three wickets to put Bangladesh under pressure on the third day of the second and final Test in Colombo on Monday. The left-arm spinner removed Mohammad Ashraful and then accounted for well-set Jahurul Islam and Mohammad
Published 19 Mar, 2013 12:00am
Jailed Kurdish rebel to make 'historic call' in Turkey peace process

Jailed Kurdish rebel to make 'historic call' in Turkey peace process

Jailed Kurdish rebel leader Abdullah Ocalan said he would make a "historic" appeal on Thursday, raising expectations of cease-fire in a 28-year-old conflict which has riven Turkey, killing some 40,000 people, and battered its economy. Kurdish Peace and De
Published 19 Mar, 2013 12:00am
Israeli soldier convicted of killing of Palestinian

Israeli soldier convicted of killing of Palestinian

An Israeli military court on Monday convicted a soldier of negligent homicide in the January shooting dead of a young Palestinian trying to sneak from the occupied West Bank into the Jewish State, local media reported. Israeli daily Haaretz said that the
Published 19 Mar, 2013 12:00am
Israeli MPs confirm new pro-settler government

Israeli MPs confirm new pro-settler government

The Israeli parliament gave its seal of approval on Monday to Prime Minister Benjamin Netanyahu's new governing coalition, which includes a strong showing of pro-settlement hard-liners. A motion of confidence in the new administration, broadcast live on p
Published 19 Mar, 2013 12:00am
British politicians agree on new press watchdog

British politicians agree on new press watchdog

British politicians said Monday they had reached a deal on a tough new system of newspaper self-regulation to rein in the excesses of the press revealed in the News of the World phone-hacking scandal. Political leaders said the deal, finally struck at 2:3
Published 19 Mar, 2013 12:00am
US government investigates Wall Street Journal

US government investigates Wall Street Journal

The US Justice Department last year opened an investigation into allegations that employees at The Wall Street Journal's China news bureau bribed Chinese officials for information, the newspaper reported late Sunday. But citing government and corporate of
Published 19 Mar, 2013 12:00am
US promises South Korea all military resources

US promises South Korea all military resources

US Deputy Defence Secretary Ashton Carter on Monday promised to provide South Korea with every military resource under the US nuclear umbrella at a time of heightened tensions with North Korea. Carter was in Seoul on the second leg of a four-nation tour o
Published 19 Mar, 2013 12:00am
China military officials admit ship radar lock

China military officials admit ship radar lock

Senior Chinese military officials have admitted for the first time that a frigate locked its radar on a Japanese destroyer during the two nations' row over disputed islands, Kyodo News reported Monday. In one of the more serious incidents in an escalating
Published 19 Mar, 2013 12:00am
US confirms aircraft fired rockets

US confirms aircraft fired rockets

The US State Department confirmed on Monday that Syrian government aircraft fired rockets into northern Lebanon and it described the incident as "a significant escalation." "We can confirm what you are seeing in the press, that regime jets and helicopters
Published 19 Mar, 2013 12:00am
Syrian jets strike Lebanon border

Syrian jets strike Lebanon border

Syrian air force jets fired four rockets at a remote section of the border with Lebanon on Monday, security sources said, four days after Damascus warned it may strike at Syrian rebels taking refuge across the frontier. There were no immediate reports of
Published 19 Mar, 2013 12:00am
Kerry says he's wedded to US-Asia pivot

Kerry says he's wedded to US-Asia pivot

US Secretary of State John Kerry said Monday he was as wedded to America's pivot towards Asia as his predecessor, even though he has not yet visited the region since coming to office. "Consider me equally as married to, if not more married" to the US reba
Published 19 Mar, 2013 12:00am
Nations gather for final UN arms trade treaty negotiations

Nations gather for final UN arms trade treaty negotiations

Negotiators from around 150 countries gather in New York on Monday for a final push to hammer out a binding international treaty to end unregulated conventional arms sales, a pact that a powerful US pro-gun lobby is urging Washington to reject.
Published 19 Mar, 2013 12:00am
Indian police set up lab to monitor social media

Indian police set up lab to monitor social media

Mumbai police have set up India's first "social media lab" to monitor Facebook, Twitter and other networking sites, sparking concerns about freedom of speech online. A specially-trained team of 20 police officers will staff the lab, which was launched ove
Published 19 Mar, 2013 12:00am
Taiwan to aim 50 medium-range missiles at China

Taiwan to aim 50 medium-range missiles at China

Taiwan is set to produce 50 medium-range missiles next year that will target military bases in south-east China, a media report said on Monday. The article came after former defence minister Michael Tsai revealed in a recently published book that the isla
Published 19 Mar, 2013 12:00am
Shanghai copper slides

Shanghai copper slides

The most-traded July copper contract on the Shanghai Futures Exchange hit a seven-month trough before cutting losses to trade at 55,190 yuan ($8,900) a tonne, down 3.2 percent on Monday after an unusual bailout proposal for Cyprus reignited fears of a eur
Published 19 Mar, 2013 12:00am
Copper slips to four-month low

Copper slips to four-month low

Copper prices dropped to a four-month low on Monday, mirroring a pullback in risk appetite across financial markets, as the euro zone's plan to part-fund a bailout of Cyprus by taxing bank deposits raised fears about the region's economic stability. Euroz
Published 19 Mar, 2013 12:00am
Brent crude oil down on Cyprus fears

Brent crude oil down on Cyprus fears

Brent crude oil fell on Monday, hitting a three-month low beneath $108 a barrel in early trade after a plan to tax bank accounts in debt-laden Cyprus sparked fears of more turmoil in the euro zone. Oil prices rebounded from session lows as evidence of a s
Published 19 Mar, 2013 12:00am
New York cotton declines on economic concerns, stems recent gains

New York cotton declines on economic concerns, stems recent gains

Cotton futures fell for only the second time in 15 sessions on Monday as concerns over euro zone stability pressured global equities markets and sent commodities markets reeling. The most-active May cotton contract on ICE Futures US declined 1.67 cents, o
Published 19 Mar, 2013 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Tokyo rubber futures tumbled nearly 5 percent to a 3-month low on Monday as weaker stock markets and falling oil prices weighed on sentiment, dealers said. However, TOCOM prices were likely to rebound on Tuesday after finding strong support at 270 yen, th
Published 19 Mar, 2013 12:00am
Palm oil edges lower

Palm oil edges lower

Malaysian palm oil futures edged lower on Monday, as traders turned cautious after a radical bailout proposal for Cyprus rattled investors and triggered a broad-based decline in commodities and financial markets. Eurozone finance ministers asked Cyprus sa
Published 19 Mar, 2013 12:00am
ICE coffee hits 33-month low, sugar drops

ICE coffee hits 33-month low, sugar drops

Arabica coffee futures on ICE sank to a 33-month low on Monday and ICE raw sugar futures posted the largest daily loss since October as commodity markets retreated in the face of heightened concern about the economic crisis in the eurozone. Cocoa futures
Published 19 Mar, 2013 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold rose above $1,600 for the first time in more than two weeks on Monday as a radical bailout package for Cyprus threatened to trigger fresh turmoil in the euro zone, driving investors to seek safety in gold.
Published 19 Mar, 2013 12:00am
Gold tops $1,610 in Europe on Cyprus deal

Gold tops $1,610 in Europe on Cyprus deal

Gold extended earlier gains on Monday to hit its highest since late February, with some investors drawn to the precious metal's safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone. The euro zone agreed on Saturda
Published 19 Mar, 2013 12:00am
US MIDDAY: soya drops

US MIDDAY: soya drops

Chicago Board of Trade soyabean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus and on availability of a large South American soyabean harvest.
Published 19 Mar, 2013 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold prices hit their highest level since late February, with some investors drawn to the precious metal's safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone. The eurozone agreed on Saturday to hand Cyprus a bai
Published 19 Mar, 2013 12:00am
'Sport and play for peace programme' launched

'Sport and play for peace programme' launched

Right To Play in collaboration with Karachi Youth Initiative on Monday launched its 'Sport and Play for Peace Program' in Karachi which will work with government schools using sport and play based methodology. Addressing a news conference at Karachi Press
Published 19 Mar, 2013 12:00am
CDC sends account statement to sub-account holders

CDC sends account statement to sub-account holders

Central Depository Company of Pakistan Limited (CDC) has recently sent physical account statements to all sub-account holders of the Central Depository System. The system-generated statements provide details about the securities position in Sub-Accounts i
Published 19 Mar, 2013 12:00am
CDC sends account statement to sub-account holders

CDC sends account statement to sub-account holders

Central Depository Company of Pakistan Limited (CDC) has recently sent physical account statements to all sub-account holders of the Central Depository System. The system-generated statements provide details about the securities position in Sub-Accounts i
Published 19 Mar, 2013 12:00am
SECP launches web-based insurance surveyors' licensing system

SECP launches web-based insurance surveyors' licensing system

The Securities and Exchange Commission of Pakistan (SECP) is launching a web based insurance surveyors' licencing and registration system. The automated system named eSInsuranceSurveyors will be effective from Saturday, March 23. The SECP will not accept
Published 19 Mar, 2013 12:00am
Structural changes in agriculture sector urged

Structural changes in agriculture sector urged

Pakistan could multiply, several times, exports of fruits and vegetables by introducing structural changes in agricultural sector, according to stakeholders here. Since the government is slow in moving towards improvements in this sector, they have called
Published 19 Mar, 2013 12:00am
New summer collection launched

New summer collection launched

Fashion designer Sehyr Anis has captured attention for creating western inspired modern prêt and couture for women that appeal to young girls and women of all age groups. The latest Spring and Summer collection 2013 by Sehyr Anis also contains such trendy
Published 19 Mar, 2013 12:00am
Jamaat-i-Islami expresses grief

Jamaat-i-Islami expresses grief

Ameer Jamaat-i-Islami Syed Munawar Hasan, and JI Secretary General, Liaqat Baloch, have expressed deep grief over the sad demise of hero of the 1965 war Squadron Leader M M Alam, who had demolished the Indian Air Force by shooting down its five fighters w
Published 19 Mar, 2013 12:00am
M M Alam's death widely condoled

M M Alam's death widely condoled

Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani has expressed his heartfelt condolence on the sad demise of Air Commodore M M Alam (Retd), a great hero of the 1965 war, the ISPR said. General Khalid Shameem Wynne, Chairman Joint Chiefs of Staff Co
Published 19 Mar, 2013 12:00am
ICMA holds seminar on Financial Statement Presentation

ICMA holds seminar on Financial Statement Presentation

ICMA Pakistan - Lahore Branch Council organised a seminar on Financial Statement Presentation with an aim at providing an answer to the continuing and growing need for information and practical guidance on presentation of financial statements. The seminar
Published 19 Mar, 2013 12:00am
Establishment of MCs in three districts approved

Establishment of MCs in three districts approved

Khyber Pakhtunkhwa Chief Minister Amir Haider Khan Hoti has approved the establishment of municipal committees in Mastuj, District Chitral, Doaba, District Hangu and Oghi, District Mansehra on trial basis initially for a one-year period subject to the con
Published 19 Mar, 2013 12:00am
Xpress Money, Summit Bank join hands through Ufone

Xpress Money, Summit Bank join hands through Ufone

Xpress Money, world's most dependable global money transfer brand, on Monday announced its partnership with Ufone, to expand its agent locations in Pakistan. Ufone is a sub agent of Summit Bank, one of Pakistan's premier financial institutions and one of
Published 19 Mar, 2013 12:00am
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