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Print - 2013-03-24
ICE to study cutting soft commodities trading hours

ICE to study cutting soft commodities trading hours

Intercontinental Exchange Inc will consider cutting trading hours for soft commodities in a bid to improve liquidity, president and chief operating officer of ICE Futures US Ben Jackson said on Friday. The Atlanta-based exchange will put forward a proposa
Published 24 Mar, 2013 12:00am
Bulgaria to spend: more on poor, jobs within budget

Bulgaria to spend: more on poor, jobs within budget

Bulgaria's interim government will nudge some spending away from day-to-day costs to create new jobs and help society's poorest but it will not ease up on one of Europe's tightest fiscal regimes, Finance Minister Kalin Hristov said on Friday.
Published 24 Mar, 2013 12:00am
Cairn India starts oil output from new field

Cairn India starts oil output from new field

Cairn India Ltd has commenced oil production from the Aishwariya field in the Rajasthan Block bordering Pakistan and also begun commercial sale of gas from there, the company said in a statement on Saturday. The company is engaged in oil and gas explorati
Published 24 Mar, 2013 12:00am
Argentina's primary budget surplus widens 31 percent

Argentina's primary budget surplus widens 31 percent

Argentina posted a primary budget surplus of 815.7 million pesos ($160 million) in January, widening 31 percent from a year earlier, the government said on Friday. The primary budget balance shows government finances before debts are paid. It is an import
Published 24 Mar, 2013 12:00am
Nike profit tops estimates

Nike profit tops estimates

Nike Inc's quarterly profit beat Wall Street's expectations, as margins increased and world-wide future demand for its apparel and shoes rose, sending its shares up 8 percent. Global orders for Nike-branded shoes and clothing scheduled for delivery from M
Published 24 Mar, 2013 12:00am
Nike profit tops estimates

Nike profit tops estimates

Nike Inc's quarterly profit beat Wall Street's expectations, as margins increased and world-wide future demand for its apparel and shoes rose, sending its shares up 8 percent. Global orders for Nike-branded shoes and clothing scheduled for delivery from M
Published 24 Mar, 2013 12:00am
Mexico central bank splits over rate cut, outlook

Mexico central bank splits over rate cut, outlook

Mexico's divided central bank hinted on Friday it could cut interest rates again, and analysts said policymakers would have the room to ease further this year if the peso currency continues to surge. Minutes of the last Banco de Mexico meeting showed the
Published 24 Mar, 2013 12:00am
Venezuela's PDVSA revenue slips on domestic fuel sales

Venezuela's PDVSA revenue slips on domestic fuel sales

Venezuelan state oil company PDVSA's 2012 revenue slipped 0.2 percent from the year before despite an increase in oil prices as the company sold more fuel on the subsidised domestic market, the oil minister said Friday. The Opec nation's fuel subsidy leav
Published 24 Mar, 2013 12:00am
Venezuela's PDVSA revenue slips on domestic fuel sales

Venezuela's PDVSA revenue slips on domestic fuel sales

Venezuelan state oil company PDVSA's 2012 revenue slipped 0.2 percent from the year before despite an increase in oil prices as the company sold more fuel on the subsidised domestic market, the oil minister said Friday. The Opec nation's fuel subsidy leav
Published 24 Mar, 2013 12:00am
CNOOC says 2012 net profit fell 9.3 percent

CNOOC says 2012 net profit fell 9.3 percent

Chinese oil giant CNOOC on Friday reported that 2012 net profit fell 9.3 percent, blaming higher operating costs - including exploration - and the poor global economy. The state-owned energy company said net profit for last year was 63.69 billion yuan ($1
Published 24 Mar, 2013 12:00am
CNOOC says 2012 net profit fell 9.3 percent

CNOOC says 2012 net profit fell 9.3 percent

Chinese oil giant CNOOC on Friday reported that 2012 net profit fell 9.3 percent, blaming higher operating costs - including exploration - and the poor global economy. The state-owned energy company said net profit for last year was 63.69 billion yuan ($1
Published 24 Mar, 2013 12:00am
West Corp fails to impress on second outing on Nasdaq

West Corp fails to impress on second outing on Nasdaq

Shares of private-equity backed West Corp closed down 6 percent in their first day of trading on the public markets, even after the phone service provider priced its initial public offering below the expected price range. West Corp shares opened weak at $
Published 24 Mar, 2013 12:00am
ADR Report: European shares lead ADRs higher

ADR Report: European shares lead ADRs higher

The US-listed shares of foreign companies rose on Friday led by the stock of European companies as investors bet a bailout agreement would be reached in Cyprus. The Cypriot ruling party said the island nation was close to a deal to raise billions of euros
Published 24 Mar, 2013 12:00am
Private equity funds rapid growth of US walk-in clinics

Private equity funds rapid growth of US walk-in clinics

Walk-in clinics are popping up in shopping malls and main streets across the United States and private equity is helping fund the expansion. At least a dozen private equity firms have in the last few years plowed millions of dollars into urgent care clini
Published 24 Mar, 2013 12:00am
Private equity funds rapid growth of US walk-in clinics

Private equity funds rapid growth of US walk-in clinics

Walk-in clinics are popping up in shopping malls and main streets across the United States and private equity is helping fund the expansion. At least a dozen private equity firms have in the last few years plowed millions of dollars into urgent care clini
Published 24 Mar, 2013 12:00am
Indian bonds fall

Indian bonds fall

Indian bonds fell on Friday and were close to wiping out gains for the year as stop-losses got triggered on continued concerns about political instability and doubts about future interest rate cuts. The benchmark 10-year bond yield has risen 11 basis poin
Published 24 Mar, 2013 12:00am
Indian bonds fall

Indian bonds fall

Indian bonds fell on Friday and were close to wiping out gains for the year as stop-losses got triggered on continued concerns about political instability and doubts about future interest rate cuts. The benchmark 10-year bond yield has risen 11 basis poin
Published 24 Mar, 2013 12:00am
Insurer ensure to price shares towards top end

Insurer ensure to price shares towards top end

Britain's esure is set to price its share sale at the upper end of its range, two people familiar with the matter said, providing a further boost to Europe's nascent new listings market. A pick-up in stock markets this year has encouraged firms to test in
Published 24 Mar, 2013 12:00am
Insurer ensure to price shares towards top end

Insurer ensure to price shares towards top end

Britain's esure is set to price its share sale at the upper end of its range, two people familiar with the matter said, providing a further boost to Europe's nascent new listings market. A pick-up in stock markets this year has encouraged firms to test in
Published 24 Mar, 2013 12:00am
Banks lift TSX on Cyprus hopes; BlackBerry falls

Banks lift TSX on Cyprus hopes; BlackBerry falls

Canada's main stock index advanced on Friday as hopes that Cyprus will strike a bailout deal before a looming deadline boosted financial shares and helped offset an 8 percent fall in BlackBerry. Shares of BlackBerry stumbled as it faced a difficult challe
Published 24 Mar, 2013 12:00am
Treasuries outlook: prices near flat as investors on edge over Cyprus

Treasuries outlook: prices near flat as investors on edge over Cyprus

Prices for US Treasuries traded near flat on Friday as a bailout for Cyprus remained in doubt headed into the weekend, leaving investors nervous about the country's future in the euro zone. Cyprus was just hours away from a deal on Friday to raise billion
Published 24 Mar, 2013 12:00am
Treasuries outlook: prices near flat as investors on edge over Cyprus

Treasuries outlook: prices near flat as investors on edge over Cyprus

Prices for US Treasuries traded near flat on Friday as a bailout for Cyprus remained in doubt headed into the weekend, leaving investors nervous about the country's future in the euro zone. Cyprus was just hours away from a deal on Friday to raise billion
Published 24 Mar, 2013 12:00am
Spain, Italy debt rally as Cyprus seeks crisis solution

Spain, Italy debt rally as Cyprus seeks crisis solution

Spanish and Italian government bonds rallied on Friday as Cyprus sought to secure a bailout to avoid default and the collapse of its banking system before a Monday deadline. Cyprus said it had reached a deal to spin off the Greek units of its debt-ridden
Published 24 Mar, 2013 12:00am
Spain, Italy debt rally as Cyprus seeks crisis solution

Spain, Italy debt rally as Cyprus seeks crisis solution

Spanish and Italian government bonds rallied on Friday as Cyprus sought to secure a bailout to avoid default and the collapse of its banking system before a Monday deadline. Cyprus said it had reached a deal to spin off the Greek units of its debt-ridden
Published 24 Mar, 2013 12:00am
JGBs rise on BoJ hopes, Cyprus concerns

JGBs rise on BoJ hopes, Cyprus concerns

Yields on benchmark 10-year Japanese government bonds slipped to a near-decade low for a second day in a row on Friday after the new Bank of Japan chief reinforced expectations that the central bank would buy longer-term assets to combat deflation. Concer
Published 24 Mar, 2013 12:00am
JGBs rise on BoJ hopes, Cyprus concerns

JGBs rise on BoJ hopes, Cyprus concerns

Yields on benchmark 10-year Japanese government bonds slipped to a near-decade low for a second day in a row on Friday after the new Bank of Japan chief reinforced expectations that the central bank would buy longer-term assets to combat deflation. Concer
Published 24 Mar, 2013 12:00am
Brazilian stocks hit eight-month low on Batista pessimism

Brazilian stocks hit eight-month low on Batista pessimism

Brazilian stocks fell to their lowest close in eight months on Friday, weighed down by mining and oil firms that make up Brazilian billionaire Eike Batista's shrinking empire. Mexican stocks rounded out a three-day winning streak, boosted by shares in tyc
Published 24 Mar, 2013 12:00am
Wall Street rises on hopes for Cyprus deal

Wall Street rises on hopes for Cyprus deal

US stocks rose on Friday on optimism that a deal to bail out Cyprus would be reached, but ended lower for the week for just the second time this year. Nike shares jumped 11.1 percent to $59.53 and hit a record intraday high at $60.23, a day after the athl
Published 24 Mar, 2013 12:00am
Canadian dollar ends week lower on Cyprus, domestic woes

Canadian dollar ends week lower on Cyprus, domestic woes

The Canadian dollar firmed slightly against its US counterpart on Friday but ended the week softer than it started as worries about a possible collapse of Cyprus' banking system spooked investors and limited domestic data failed to impress. The currency s
Published 24 Mar, 2013 12:00am
Euro rises broadly on hopes of Cyprus deal

Euro rises broadly on hopes of Cyprus deal

The euro rose against the dollar on Friday, posting its first weekly gain in seven weeks on hopes Cyprus will find a solution before Monday to avert a financial meltdown. Finance ministers of the 17-nation euro zone will hold talks on Sunday on the bailou
Published 24 Mar, 2013 12:00am
Euribor rates rise as markets watch for Cyprus deal

Euribor rates rise as markets watch for Cyprus deal

Euribor bank-to-bank lending rates rose on Friday as financial markets waited to see if Cyprus could clinch a bailout deal by a Monday deadline set by the European Central Bank. The ECB said it could only approve emergency funding for Cypriot banks beyond
Published 24 Mar, 2013 12:00am
Speculators increase dollar bets

Speculators increase dollar bets

Currency speculators increased their bets in favour of the US dollar in the latest week to the largest since the week of July 17, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long positi
Published 24 Mar, 2013 12:00am
Why forex markets will resist onshore rupiah reference rates

Why forex markets will resist onshore rupiah reference rates

Banks in Singapore are stubbornly against adopting domestically set reference rates for derivative contracts in the Indonesia rupiah, despite preparing to drop their own rate fixing for the Malaysian ringgit and Vietnamese dong. Traders in non-deliverable
Published 24 Mar, 2013 12:00am
Sharapova cruises through as Azarenka withdraws

Sharapova cruises through as Azarenka withdraws

On a day when rain left plenty of players waiting around Maria Sharapova didn't waste any time in a 6-2, 6-0 second-round victory over Canadian Eugenie Bouchard in the Miami ATP Masters and WTA tournament. Sharapova, seeded third even though her triumph a
Published 24 Mar, 2013 12:00am
Li advances to fourth round

Li advances to fourth round

China's fifth-seeded Li Na smacked 19 winners and fought off a late comeback bid to defeat American Varvara Lepchenko 6-2, 6-4 Saturday to reach the fourth round of the WTA and ATP Miami Masters event. Li had been sidelined for seven weeks after hurting h
Published 24 Mar, 2013 12:00am
Finn's career best keeps England in hunt

Finn's career best keeps England in hunt

Fast bowler Steven Finn equalled his career best Test figures of six for 125 as England fought their way back into the deciding third Test against New Zealand at Eden Park on Saturday. At stumps on the second day, England were 50 for two, 393 runs in arre
Published 24 Mar, 2013 12:00am
FURC annual sports gala concludes

FURC annual sports gala concludes

The concluding ceremony of Foundation University Rawalpindi Campus (FURC) annual sports gala was held, according to the press release issued here on Friday. The event was attended by Rector, Foundation University Islamabad (FUI), Major General Gul Muhamma
Published 24 Mar, 2013 12:00am
Shillingford leads West Indies to new Zimbabwe rout

Shillingford leads West Indies to new Zimbabwe rout

Spinner Shane Shillingford claimed his second 10-wicket haul at Windsor Park in less than a year as the West Indies cruised to a crushing innings and 65-run victory over Zimbabwe in the second Test Friday. Facing a huge deficit of 206 runs after skipper D
Published 24 Mar, 2013 12:00am
Messi magic leaves Argentina in charge

Messi magic leaves Argentina in charge

Lionel Messi scored once and set up two goals as Argentina beat Venezuela 3-0 to remain in control of the South American qualifying race for the 2014 World Cup Friday. The Argentinian skipper was the architect of two Gonzalo Higuain strikes which came eit
Published 24 Mar, 2013 12:00am
Australia's Tomic ends feud with Rafter

Australia's Tomic ends feud with Rafter

Bernard Tomic has ended his feud with Davis Cup captain Pat Rafter and said he would be available to play for Australia in next month's tie next month in Uzbekistan, reports said on Saturday. Last January Tomic said he wouldn't be available to play in the
Published 24 Mar, 2013 12:00am
Dilshan powers Sri Lanka to victory

Dilshan powers Sri Lanka to victory

Tillakaratne Dilshan hammered an unbeaten 113 to fire Sri Lanka to an eight-wicket win over Bangladesh in the first one-dayer, marked by a power failure and bees' invasion on Saturday. The opener hit 11 fours in his 15th one-day century as Sri Lanka, chas
Published 24 Mar, 2013 12:00am
PKK to withdraw fighters if Turkey shows goodwill: commander

PKK to withdraw fighters if Turkey shows goodwill: commander

The Kurdistan Workers' Party (PKK) will only pull its fighters out of Turkey once it sees concrete steps from Ankara following the outlawed group's ceasefire, a top rebel commander said Saturday. Murat Karayilan made the warning in a video message in whic
Published 24 Mar, 2013 12:00am
Two suspected Islamists killed in Nigeria blast

Two suspected Islamists killed in Nigeria blast

Two suspected members of Nigerian Islamist sect Boko Haram were killed Saturday when an explosive they tried to throw at policemen at a checkpoint went off in the flashpoint city of Kano, police said. The blast happened days after a suicide attack Monday
Published 24 Mar, 2013 12:00am
Italy's Bersani struggles to form government

Italy's Bersani struggles to form government

Italian leftist leader Pier Luigi Bersani struggled to form a government Saturday as his rival Silvio Berlusconi said he was ready to return to the polls after elections that left the country in political gridlock. Bersani began talks to try and build sup
Published 24 Mar, 2013 12:00am
Riots kill 32, displace thousands in Myanmar town

Riots kill 32, displace thousands in Myanmar town

The death toll from religious violence in central Myanmar rose to 32 Saturday as rescuers found bodies in the ashes of homes torched during an eruption of communal unrest, officials said. Almost 9,000 people have been displaced by Buddhist-Muslim unrest t
Published 24 Mar, 2013 12:00am
Obama ends Middle East trip in 'spectacular' Petra

Obama ends Middle East trip in 'spectacular' Petra

US President Barack Obama strolled among the ancient Jordanian ruins at Petra on Saturday, before heading home after a four-day Middle East tour dominated by his embrace of Israel. Obama flew by helicopter to view the rose-coloured stone ruins of the anci
Published 24 Mar, 2013 12:00am
US alternative rock band My Chemical Romance splits

US alternative rock band My Chemical Romance splits

US alternative rock band My Chemical Romance have split up after 12 years together, the group confirmed on their website Saturday. The band was founded in New Jersey in 2001, comprising members Gerard Way, Ray Toro, Mikey Way and Frank Iero.
Published 24 Mar, 2013 12:00am
Embattled Australian Prime Minister prepares cabinet reshuffle

Embattled Australian Prime Minister prepares cabinet reshuffle

Australia's embattled Prime Minister Julia Gillard Saturday said she would announce a cabinet shake-up within days after losing four ministers who backed a failed Labour Party coup against her. Resources Minister Martin Ferguson, Tertiary Education Minist
Published 24 Mar, 2013 12:00am
Opponents have failed at politics, says Egypt Brotherhood

Opponents have failed at politics, says Egypt Brotherhood

Egypt's ruling Muslim Brotherhood deputy leader on Saturday said opponents have taken to violence after proving incapable at politics, a day after vicious clashes outside the Islamists' headquarters. Rashad al-Bayoumi, the Brotherhood's deputy Supreme Gui
Published 24 Mar, 2013 12:00am
Pope holds historic meet with predecessor Benedict XVI

Pope holds historic meet with predecessor Benedict XVI

Pope Francis flew in to a papal residence near Rome on Saturday for an unprecedented encounter with "pope emeritus" Benedict XVI - the first time a pontiff has met his predecessor. The talks round off a historic few weeks for the Roman Catholic Church aft
Published 24 Mar, 2013 12:00am
Kerry, Abbas discuss 'new' peace efforts: envoy

Kerry, Abbas discuss 'new' peace efforts: envoy

Palestinian president Mahmud Abbas on Saturday told US Secretary of State John Kerry that Israeli settlements "endanger" peace efforts, at a meeting in the Jordanian capital to discuss a "new" peace push, the Palestinian ambassador said. "Kerry and Abbas
Published 24 Mar, 2013 12:00am
Congolese warlord arrives at war crimes court's jail

Congolese warlord arrives at war crimes court's jail

A Congolese warlord known as "the Terminator" who is accused of murder, rape and other atrocities arrived at the International Criminal Court's jail in the Netherlands early on Saturday, the court said. Bosco Ntaganda, who walked off the street and gave h
Published 24 Mar, 2013 12:00am
Guantanamo hunger strike reflects growing despair

Guantanamo hunger strike reflects growing despair

A growing number of Guantanamo inmates are going on hunger strike, protesting against their indefinite detention and the diminishing prospects that the infamous prison will be closed. "It is unprecedented in its scope, in its duration, in its determinatio
Published 24 Mar, 2013 12:00am
Berezovsky asked Putin for forgiveness before death: Kremlin

Berezovsky asked Putin for forgiveness before death: Kremlin

Oligarch and Kremlin opponent Boris Berezovsky asked Vladimir Putin for forgiveness and permission to return to Russia shortly before his death, the Russian president's spokesman said on Saturday. "Some time ago, maybe a couple of months back, Berezovsky
Published 24 Mar, 2013 12:00am
Exiled Russian tycoon Berezovsky dies in Britain

Exiled Russian tycoon Berezovsky dies in Britain

Boris Berezovsky, the exiled Russian oligarch and long-time opponent of the Kremlin, has died in Britain at the age of 67, his spokesman said on Saturday, without giving further details. "Yes, he is dead. It was confirmed to me by his private lawyer this
Published 24 Mar, 2013 12:00am
Syrian rebels seize key military basein Daraa

Syrian rebels seize key military basein Daraa

Rebels fighting the regime of President Bashar al-Assad on Saturday seized a key air base in the southern Syrian province of Daraa after two weeks of fierce battles with loyalist troops, a watchdog said. Meanwhile, in Damascus's ancient Umayyad mosque, th
Published 24 Mar, 2013 12:00am
EU urges political solution in Syria amid fears of spillover

EU urges political solution in Syria amid fears of spillover

The European Union insisted Saturday on the need for a hasty political solution to end the carnage in Syria as the collapse of Lebanon's government triggered fresh fears of a regional spillover. Winding up two-day talks with EU foreign ministers, in which
Published 24 Mar, 2013 12:00am
Manila militants free Australian held for 15 months

Manila militants free Australian held for 15 months

Australian Warren Rodwell emerged Saturday withered from 15 months as a captive of Islamic militants in the lawless southern Philippines, his ribs protruding but able to smile. Rodwell, a former soldier, 54, joked with policemen and a journalist who took
Published 24 Mar, 2013 12:00am
French Korean-born minister in landmark Seoul visit

French Korean-born minister in landmark Seoul visit

French Minister Fleur Pellerin began a highly anticipated visit Saturday to South Korea, the land of her birth, where her unusual success story is a source of public pride, admiration and curiosity. Born in 1973 in Seoul and abandoned, Pellerin was adopte
Published 24 Mar, 2013 12:00am
OAS reaffirms autonomy of human rights body

OAS reaffirms autonomy of human rights body

The Organisation of American States reaffirmed the financial autonomy of Latin America's premier human rights body late Friday, rejecting attempts by Venezuela and its allies to block US-financed programs. But in a resolution adopted by consensus, OAS for
Published 24 Mar, 2013 12:00am
Paris confirms death of African al Qaeda leader Abou Zeid

Paris confirms death of African al Qaeda leader Abou Zeid

France confirmed Saturday that one of the key leaders of al Qaeda in the Islamic Maghreb (AQIM), Abdelhamid Abou Zeid, had been killed in fighting with French-led forces in northern Mali. Considered one of the most radical leaders in al Qaeda's north Afri
Published 24 Mar, 2013 12:00am
Hagel seeks to reassure Poland on missile defence

Hagel seeks to reassure Poland on missile defence

The United States is dedicated to defending Europe from missile attacks despite a US decision to abandon the final phase of a planned anti-missile system, Pentagon chief Chuck Hagel said Friday. In a phone call to Polish Defence Minister Tomasz Siemoniak,
Published 24 Mar, 2013 12:00am
23 killed in road accident

23 killed in road accident

A deadly bus crash near Sheikhupura killed at least 23 people besides leaving many injured on Friday late night. According to the police sources, the bus was carrying about 65 people when it swerved off the road and flipped over in the suburbs of Sheikhup
Published 24 Mar, 2013 12:00am
Monsanto to debut new GMO soya in Brazil

Monsanto to debut new GMO soya in Brazil

Monsanto Co hopes to roll out a new bioengineered, worm-resistant soyabean seed for planting in Brazil next season, the firm's local president said, but a successful launch is tied to approval from top-buyer China. So-called Intacta RR2 Pro is the first g
Published 24 Mar, 2013 12:00am
IGC forecasts small rise in wheat stocks

IGC forecasts small rise in wheat stocks

The International Grains Council on Thursday forecast that the world wheat harvested area would climb to a four-year high for the 2013/14 season, but global stocks would only rise modestly. The IGC, in a monthly update, forecast a rise in global wheat sto
Published 24 Mar, 2013 12:00am
China plays down impact of cotton reserves, yarn duty talk

China plays down impact of cotton reserves, yarn duty talk

Chinese cotton industry officials downplayed the impact of the country's ballooning reserves on Thursday, a day after prices in New York fell more than 2 percent on plans by China and fellow Asian giant India to sell down stockpiles of the fibre. China's
Published 24 Mar, 2013 12:00am
HSBC cuts gold forecast, sees recovery later in 2013

HSBC cuts gold forecast, sees recovery later in 2013

HSBC cut its gold forecast for this year and next on Monday after the metal's weak start to the year, but said ultra-loose monetary policy in the United States and elsewhere meant it remains positive on prices overall. The bank lowered its 2013 gold price
Published 24 Mar, 2013 12:00am
Thai prices up; demand remains thin in Asia

Thai prices up; demand remains thin in Asia

Thai rice prices jumped 3.7 percent this week, fuelled by a stronger baht, while India and Vietnam continued to cut prices to lure buyers amid thin demand, traders said on Wednesday. The baht hit its strongest level on Tuesday since the 1997 Asian financi
Published 24 Mar, 2013 12:00am
New York cotton down as funds liquidate, weekly drop

New York cotton down as funds liquidate, weekly drop

Cotton dropped for a third straight session on Friday and posted its biggest weekly slide in nine months as speculative investors kept taking profits from a months-long rally that swept prices to one-year highs. Prices fell almost 6 percent on the week af
Published 24 Mar, 2013 12:00am
India's corn seen range-bound; kapaskhali may fall

India's corn seen range-bound; kapaskhali may fall

Corn futures in India, Asia's largest exporter of the grain, are expected to trade range-bound with an upside bias next week on thin arrivals and limited spot activities ahead of a festival, while export inquiries are seen supporting prices. Indians will
Published 24 Mar, 2013 12:00am
New York gold down as Cyprus fears ease

New York gold down as Cyprus fears ease

Gold fell on Friday as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis.
Published 24 Mar, 2013 12:00am
Commodities rocked by Cyprus crisis

Commodities rocked by Cyprus crisis

Many global commodity markets fell last week as traders worried that the Cyprus situation would reignite the eurozone's sovereign debt crisis and dent global demand for raw materials. However, precious metal gold won ground as many investors sought a safe
Published 24 Mar, 2013 12:00am
World Tuberculosis Day today

World Tuberculosis Day today

World Tuberculosis Day will be observed on Sunday to raise awareness about disease world-wide and the status of TB prevention and control efforts. It is also an opportunity to mobilise political and social commitment for further progress.
Published 24 Mar, 2013 12:00am
Normalisation of ties: Pakistan backs steps taken by Kosovo‚ Serbia

Normalisation of ties: Pakistan backs steps taken by Kosovo‚ Serbia

At the UN Security Council‚ Pakistan voiced support for the recent steps taken by Kosovo and Serbia to normalise relations. The acting Pakistan permanent representative to the United Nations‚ Ambassador Raza Bashir Tarar in a speech at the Security Counci
Published 24 Mar, 2013 12:00am
Pakistan Day celebrated in Hyderabad

Pakistan Day celebrated in Hyderabad

The former ambassador of Pakistan in United Nations, Hussain Haroon, stressed upon academic community to fully concentrate on spreading and providing standard education to meet the future challenges of global village. He said that the lack of standard edu
Published 24 Mar, 2013 12:00am
Pakistan Day celebrated in Berlin

Pakistan Day celebrated in Berlin

The 'Pakistan Day' was also celebrated at Pakistan Embassy in Berlin and a flag-hoisting ceremony was also held to commemorate this day. Pakistan Ambassador in Berlin, Abdul Basit, while congratulating the Pakistani community, said that with the strengthe
Published 24 Mar, 2013 12:00am
Pakistan Day celebrated in New Delhi

Pakistan Day celebrated in New Delhi

The officers and staff of Pakistan High Commission (HC) in New Delhi celebrated the Pakistan Day with national fervour and enthusiasm, says a press release received on Saturday from New Delhi. An impressive flag hoisting ceremony was held at the Chancery'
Published 24 Mar, 2013 12:00am
Pakistan Day celebrated in Sri Lanka

Pakistan Day celebrated in Sri Lanka

The High Commission of Pakistan and the Pakistani community based in Sri Lanka celebrated the National Day with traditional fervor and resolved to make Pakistan a vibrant, progressive and democratic Islamic welfare state. The Pakistan day is celebrated ev
Published 24 Mar, 2013 12:00am
US provides $6.5 million for poll training

US provides $6.5 million for poll training

The United States is looking forward to timely, free and fair elections that will result in the first civilian democratic transition of power in country's history. State Department spokesperson Victoria Nuland answering a question during news briefing on
Published 24 Mar, 2013 12:00am
President appoints additional judges for PHC

President appoints additional judges for PHC

President Asif Ali Zardari on the advice of the Prime Minister has approved the appointment of the seven Additional Judges of Peshawar High Court for a period of one year. Those who have been appointed Additional Judges of Peshawar High Court included Sye
Published 24 Mar, 2013 12:00am
Senate's defence body to visit Afghanistan tomorrow

Senate's defence body to visit Afghanistan tomorrow

A delegation of Pakistan's Senate Standing Committee on Defence and Defence Production is due to visit Afghanistan on March 25 for the first parliamentary dialogue between the two countries in the defence sector. The committee's chairman, Senator Mushahid
Published 24 Mar, 2013 12:00am
Gas supply to Punjab industrial sector being increased

Gas supply to Punjab industrial sector being increased

The government has decided to increase gas supply to industrial sector in Punjab from three days to four days a week, while gas supply for compressed natural gas (CNG) stations may continue as per current schedule - three days a week. The sources in Petro
Published 24 Mar, 2013 12:00am
Police baton-charge protestors in occupied Kashmir

Police baton-charge protestors in occupied Kashmir

Several persons were injured when Indian police used brutal force on peaceful protesters in Baramulla town in occupied Kashmir, KMS reported on Saturday. People took to the streets and staged anti-India demonstrations in Baramulla town. The police resorte
Published 24 Mar, 2013 12:00am
President confers military awards on PAF officers

President confers military awards on PAF officers

President Asif Ali Zardari on Saturday conferred military awards upon officers of Pakistan Air Force (PAF). Air Vice Marshal Arshad Quddus and Air Vice Marshal Suhail Aman have been awarded with Hilal-i-Imtiaz (Military).
Published 24 Mar, 2013 12:00am
Ishrat Husain

Ishrat Husain

Comparing former Governor State Bank of Pakistan Dr Ishrat Husain with former Prime Minister Moeen Qureshi is highly unfair. Qureshi's name was suggested by the then foreign minister and former Finance Minister of PML Sartaj Aziz to the then President Ghu
Published 24 Mar, 2013 12:00am
Temelin, a Czech village overshadowed by a nuclear plant

Temelin, a Czech village overshadowed by a nuclear plant

Flanked by Germany, which is phasing out nuclear power, and Austria, which has already done so, the Czech Republic is pinning its future on atomic energy. The ex-communist republic of 10.5 million people, which now relies on nuclear for about 30 percent o
Published 24 Mar, 2013 12:00am
'A harmful trend in banking sector'

'A harmful trend in banking sector'

Apropos editorial 'A harmful trend in banking sector', I find it necessary to highlight some of the important and relevant missing links that need more attention and clarity. It seems that very few people pay heed to this ballooning problem and majority o
Published 24 Mar, 2013 12:00am
Survey on HR policies and practices

Survey on HR policies and practices

The Human Resources Benchmarking Survey (HRBS-2012) revealed that most aspects of the HR function in Pakistan have become more sophisticated over a period of time (the survey has been carried out every 2 years since 2006 by SidatHyderMorshed Associates).
Published 24 Mar, 2013 12:00am
Obama in the ME

Obama in the ME

President Obama's decision to open his itinerary of foreign tours during his second presidency with a visit to Israel was very much expected, given his party's keenness to correct the 'mistake' of offending the powerful Zionist lobby and in order to resto
Published 24 Mar, 2013 12:00am
Subsidy on tractors

Subsidy on tractors

The government has reportedly refused to reduce the general sales tax (GST) on tractors from 10 to 5 percent, according to a Business Recorder exclusive. The rationale provided was that the objective of the earlier reduction in GST was not achieved
Published 24 Mar, 2013 12:00am
Vector surveillance to be enhanced to curb dengue breeding

Vector surveillance to be enhanced to curb dengue breeding

Secretary Health Punjab, Arif Nadeem directed that vector surveillance activities should be accelerated to check the dengue breeding, while targeted indoor spray also conducted in those towns where dengue larvae have been reported. He stated this while pr
Published 24 Mar, 2013 12:00am
May 11 Polls: people show lack of interest in election activities

May 11 Polls: people show lack of interest in election activities

Because of a lack of interest, election activities in the city and other parts of Sialkot district are very dull. People have become silent spectators and adopted a policy of "Wait and See" in Sialkot, Daska, Pasrur and Sambrial tehsils of the district.
Published 24 Mar, 2013 12:00am
Rape case: LHC seeks report from D&SJ

Rape case: LHC seeks report from D&SJ

Lahore High Court has taken serious notice of an alleged rape with a 7th class student in Chiniot and called detailed report from the concerned District and Sessions Judge (D&SJ) about the incident. The court directed D&SJ to issue appropriate directions
Published 24 Mar, 2013 12:00am
'Water availability key to enhancing agriculture yield'

'Water availability key to enhancing agriculture yield'

Water availability to farmers plays a key role in enhancing per acre yield and achieving the targets of agro-production and food autarky. In this regard, it is quite essential to promote efficient use of water in the agri-sector so that all the farmers ge
Published 24 Mar, 2013 12:00am
Seraiki organisations demand creation of province

Seraiki organisations demand creation of province

Seraikistan Qaumi Movement, People's Seraiki Party and other nationalists organisations on Saturday staged four demonstrations in Multan city to mark the 73rd Pakistan resolution day and demanded immediate creation of Seraikistan province comprising 23 di
Published 24 Mar, 2013 12:00am
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