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Print - 2013-03-24
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
Khyber Pakhtunkhwa governor confers awards on 10 outstanding persons

Khyber Pakhtunkhwa governor confers awards on 10 outstanding persons

On the occasion of Pakistan Day, Governor Khyber Pakhtunkhwa, Engineer Shaukatullah, on behalf of the President of Islamic Republic of Pakistan, conferred civil awards on 10 outstanding individuals at an impressive ceremony held at the Governor's House, P
Published 24 Mar, 2013 12:00am
Paintings exhibition held

Paintings exhibition held

Paintings exhibition of titled "Enlightenment of Soul" by international renowned artist Khusro Subzwari will be held on Thursday, March 28, 2013 at Fine Art Pakistan Gallery. FAP Gallery has been a pioneer in preserving our art culture. It has played a vi
Published 24 Mar, 2013 12:00am
IHC's six benches to hear over 250 cases next week

IHC's six benches to hear over 250 cases next week

Chief Justice of Islamabad High Court (IHC) Muhammad Anwar Khan Kasi constituted four single and two division benches to hear over 250 cases during next week starting from Monday (March 25). Four single benches included the Chief Justice, Justice Riaz Ahm
Published 24 Mar, 2013 12:00am
Businessmen visit jail inmates, offer sweets

Businessmen visit jail inmates, offer sweets

A delegation of leading local exporters on Saturday distributed sweets among the inmates of District Jail Sialkot on Pakistan Day. The delegation headed by Abdul Ghafoor Butt, Chief Executive "BFW" along with Nazim Nasim, Sajjad Ali Butt, Hafiz Muhammad A
Published 24 Mar, 2013 12:00am
MQM to win more seats in elections: Haroon

MQM to win more seats in elections: Haroon

A senior leader of Muttahida Qaumi Movement (MQM) Raza Haroon has said that party will get more seats in coming general elections across the country. Talking to a private news channel, he said MQM would continue serving the people for provision of basic f
Published 24 Mar, 2013 12:00am
Delay in passport processing irks traders

Delay in passport processing irks traders

Small traders on Saturday urged the government to ease the process of passport acquisition for public, saying thousands of applicants are perturbed over delay in their international travel documents. They said the interior ministry has not lamination pape
Published 24 Mar, 2013 12:00am
IED-maker gang busted

IED-maker gang busted

Security officials during a successful search operation, on Saturday busted a gang involved in making Improvised Explosive Devices (IED) and recovered huge cache of explosive material and gadgets from their possession in Qandhari, Bejung and Ziarat areas
Published 24 Mar, 2013 12:00am
Change of guards at Mazar-e-Iqbal

Change of guards at Mazar-e-Iqbal

A change-of-guards ceremony was held on Saturday at the tomb of Dr Allama Muhammad Iqbal on Pakistan Day. Smartly turned-out contingent of Pakistan Air Force assumed guards' duties at the Mazar-e-Iqbal. The contingent of Pakistan Rangers earlier performed
Published 24 Mar, 2013 12:00am
PU, Science Ministry sign MoU

PU, Science Ministry sign MoU

A ceremony will be held at Punjab University Institute of Bio-Chemistry and Bio-Technology on Monday March 25 to sign Memorandum of Understanding (MoU) between Punjab University and Ministry of Science and Technology to extend co-operation in the field of
Published 24 Mar, 2013 12:00am
Pakistan Day celebrated in Mirpur

Pakistan Day celebrated in Mirpur

Like all other parts of AJK, Pakistan Day was celebrated in Mirpur district on Saturday with great enthusiasm, fervour and devotion. The key Pakistan Day flag hoisting ceremony in this district was held at the lawns of the City Municipal Corporation under
Published 24 Mar, 2013 12:00am
Pakistan Day observed across country with traditional zeal, fervour

Pakistan Day observed across country with traditional zeal, fervour

Pakistan Day was observed across the country on Saturday with traditional enthusiasm, zeal and fervour. President Asif Ali Zardari decorated civil and military awards on different Pakistanis and foreigners at a special investiture ceremony here at the Aiw
Published 24 Mar, 2013 12:00am
Kite flying continues in Rawalpindi despite ban

Kite flying continues in Rawalpindi despite ban

Despite the ban imposed by the Punjab government on kite flying, officials of City District Government and police have failed to curb kite flying and mayhem created under the fold of Basant celebrations in Rawalpindi. Recently, residents of Aria Mohalla,
Published 24 Mar, 2013 12:00am
WWF-P celebrates Pakistan Day & Earth Hour

WWF-P celebrates Pakistan Day & Earth Hour

World Wide Fund for Nature-Pakistan (WWF-P) on Saturday celebrated Pakistan Day with double the amount of 'green' by also celebrating the global Earth Hour campaign for conservation of natural resources and supporting use of renewable energy sources in La
Published 24 Mar, 2013 12:00am
Pakistan Day marked in Kuwait

Pakistan Day marked in Kuwait

Pakistan's Ambassador in Kuwait Iftekhar Aziz on Saturday said that it was heartening to see the roots of democracy getting deeper and deeper in Pakistan with the democratic institutions gaining new strengths. Addressing the ceremony to mark country's 73r
Published 24 Mar, 2013 12:00am
Freedom of Expression Award: chief minister Punjab congratulates Malala

Freedom of Expression Award: chief minister Punjab congratulates Malala

Punjab Chief Minister Muhammad Shahbaz Sharif on Saturday congratulated Malala Yousufzai on having been given Freedom of Expression Award by Index organisation of Britain. In his message of felicitation to Mala Yousufzai and her parents, Muhammad Shahbaz
Published 24 Mar, 2013 12:00am
Nawaz claims PML-N can bring about a real change in country

Nawaz claims PML-N can bring about a real change in country

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif said on Saturday that every individual had to make struggle for the progress and prosperity of the country. Addressing at Jamia Naeemia here, he said: "We have to endeavour collectively for deliverin
Published 24 Mar, 2013 12:00am
Five minor girls die of suffocation

Five minor girls die of suffocation

At least five minor girls died of suffocation here on Saturday. Rescue sources said that the incident took place in Nainwal town in the suburbs of Pind Dadan Khan. The rescue sources said that the girls aged between five to ten years died due to suffocati
Published 24 Mar, 2013 12:00am
Munawar calls for taking further steps towards free, fair polls

Munawar calls for taking further steps towards free, fair polls

Jamaat-e-Islami, Central Ameer, Syed Munawar Hassan called for further steps for holding free, fair and transparent elections. "The elections are a great opportunity for the masses to elect honest and dedicated people with the power of the ballot to stop
Published 24 Mar, 2013 12:00am
Future of country depends on forthcoming polls: chief minister Punjab

Future of country depends on forthcoming polls: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that forthcoming general elections are of extraordinary importance as the survival and future of the country depend upon these elections. He expressed the hope that masses through their votes would br
Published 24 Mar, 2013 12:00am
Ebad opens Quaid-e-Azam's pictorial gallery

Ebad opens Quaid-e-Azam's pictorial gallery

Sindh Governor, Dr Ishratul Ebad Khan on Saturday unveiled the plaque of an audio visual room and the Quaid's pictorial gallery at the mausoleum of Quaid-e-Azam. Federal Secretary for National Heritage and Integration, Asaf Ghafoor highlighted the various
Published 24 Mar, 2013 12:00am
47,000 poor, deserving students to get education through NSP

47,000 poor, deserving students to get education through NSP

The Punjab Education Foundation (PEF) opened the doors of quality education to 47 thousand poor and deserving students through its New School Programme (NSP) in the province to eradicate illiteracy in the poor and far-flung hinterlands where school infras
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
'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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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