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Print - 2013-04-30
Bulgaria's centre right on track for election win

Bulgaria's centre right on track for election win

Bulgaria's centre-right GERB party is on course for election victory on May 12 despite resigning from the government after mass protests against low living standards in February, a poll showed on Sunday. The state-funded NPOC survey put ex-premier Boiko B
Published 30 Apr, 2013 12:00am
India appeals to free Sarabjit

India appeals to free Sarabjit

India appealed to Pakistan on Monday to release an Indian on death row who is in a coma after being attacked by inmates in a Lahore jail. Sarabjit Singh, 49, was convicted for spying and carrying out four bombings that killed 14 people in Pakistan in 1990
Published 30 Apr, 2013 12:00am
Syria expects more financial aid from Russia, Iran

Syria expects more financial aid from Russia, Iran

Syria hopes to clinch more financial aid from its allies Russia and Iran soon, but still has enough foreign reserves to pursue its war on rebels trying to oust President Bashar al-Assad, the central bank governor said. Speaking at the bank's headquarters,
Published 30 Apr, 2013 12:00am
India appeals to free Sarabjit

India appeals to free Sarabjit

India appealed to Pakistan on Monday to release an Indian on death row who is in a coma after being attacked by inmates in a Lahore jail. Sarabjit Singh, 49, was convicted for spying and carrying out four bombings that killed 14 people in Pakistan in 1990
Published 30 Apr, 2013 12:00am
Boston bombing brothers' father hospitalised, US trip delayed

Boston bombing brothers' father hospitalised, US trip delayed

The father of two brothers accused of bombing the Boston Marathon has been hospitalised, preventing his departure for the United States, he said Sunday. Anzor Tsarnaev told Ria Novosti news agency he had left Makhachkala, capital of the Russian republic o
Published 30 Apr, 2013 12:00am
Overseas Pakistanis right to vote: Supreme Court disposes of matter

Overseas Pakistanis right to vote: Supreme Court disposes of matter

Disposing of the matter, the Supreme Court observed on Monday that Election Commission of Pakistan (ECP) should make all efforts to enable overseas Pakistanis to exercise their right to vote. A three-judge bench led by Chief Justice Iftikhar Muhammad Chau
Published 30 Apr, 2013 12:00am
ABB to buy US energy group Power One for $1.0 billion

ABB to buy US energy group Power One for $1.0 billion

Swiss-Swedish engineering giant ABB said Monday that it would acquire the California company Power One, which specialises in renewable energy such as solar, for a whopping $1.0 billion (766 million euros). The transaction, which has been approved by the U
Published 30 Apr, 2013 12:00am
Overseas Pakistanis right to vote: Supreme Court disposes of matter

Overseas Pakistanis right to vote: Supreme Court disposes of matter

Disposing of the matter, the Supreme Court observed on Monday that Election Commission of Pakistan (ECP) should make all efforts to enable overseas Pakistanis to exercise their right to vote. A three-judge bench led by Chief Justice Iftikhar Muhammad Chau
Published 30 Apr, 2013 12:00am
Drinks groups' sales slow on emerging market weakness

Drinks groups' sales slow on emerging market weakness

Global drinks companies Diageo and SABMiller reported a fall in sales for the first three months of 2013 in major emerging markets on Thursday, blaming weaker economic conditions for dampening spending and pushing consumers to trade down. Their weak tradi
Published 30 Apr, 2013 12:00am
ISE index sheds 19.26 points

ISE index sheds 19.26 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 19.26 points as the ISE Ten Index moved from 3,433.35 to 3,414.09 points. The overall turnov
Published 30 Apr, 2013 12:00am
Drinks groups' sales slow on emerging market weakness

Drinks groups' sales slow on emerging market weakness

Global drinks companies Diageo and SABMiller reported a fall in sales for the first three months of 2013 in major emerging markets on Thursday, blaming weaker economic conditions for dampening spending and pushing consumers to trade down. Their weak tradi
Published 30 Apr, 2013 12:00am
ISE index sheds 19.26 points

ISE index sheds 19.26 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 19.26 points as the ISE Ten Index moved from 3,433.35 to 3,414.09 points. The overall turnov
Published 30 Apr, 2013 12:00am
Freeport profit falls on costs, lower copper price

Freeport profit falls on costs, lower copper price

Freeport-McMoRan Copper & Gold Inc, a top global copper miner that is expanding into energy, posted a 15 percent drop in first-quarter profit on Thursday, as higher costs and lower copper prices outweighed a boost in production. While revenue in the quart
Published 30 Apr, 2013 12:00am
LSE index down by 76.23 points

LSE index down by 76.23 points

Equities on Monday registered losses amid bearish sentiments on the Lahore Stock Exchange and finally settled in negative zone. The LSE-25 index lost 76.23 points to close at 4055.64 against 4131.87 of last Friday while transaction volume was restricted t
Published 30 Apr, 2013 12:00am
Freeport profit falls on costs, lower copper price

Freeport profit falls on costs, lower copper price

Freeport-McMoRan Copper & Gold Inc, a top global copper miner that is expanding into energy, posted a 15 percent drop in first-quarter profit on Thursday, as higher costs and lower copper prices outweighed a boost in production. While revenue in the quart
Published 30 Apr, 2013 12:00am
LSE index down by 76.23 points

LSE index down by 76.23 points

Equities on Monday registered losses amid bearish sentiments on the Lahore Stock Exchange and finally settled in negative zone. The LSE-25 index lost 76.23 points to close at 4055.64 against 4131.87 of last Friday while transaction volume was restricted t
Published 30 Apr, 2013 12:00am
PNC first quarter profit beats estimates

PNC first quarter profit beats estimates

PNC Financial Services Group Inc reported a higher-than-expected first-quarter profit, as the bank earned higher interest and fee income. The lender's net interest income rose 4 percent to $2.39 billion. Non-interest income rose 9 percent to $1.57 billion
Published 30 Apr, 2013 12:00am
National accounts rebased

National accounts rebased

The Governing Council of the Pakistan Bureau of Statistics (PBS) has approved change of National Accounts base year from 1999-2000 to 2005-06, leading to an increase in the size of 2005-06 economy by 7.8 percent or Rs 552 billion. Advisor to Prime Ministe
Published 30 Apr, 2013 12:00am
PNC first quarter profit beats estimates

PNC first quarter profit beats estimates

PNC Financial Services Group Inc reported a higher-than-expected first-quarter profit, as the bank earned higher interest and fee income. The lender's net interest income rose 4 percent to $2.39 billion. Non-interest income rose 9 percent to $1.57 billion
Published 30 Apr, 2013 12:00am
National accounts rebased

National accounts rebased

The Governing Council of the Pakistan Bureau of Statistics (PBS) has approved change of National Accounts base year from 1999-2000 to 2005-06, leading to an increase in the size of 2005-06 economy by 7.8 percent or Rs 552 billion. Advisor to Prime Ministe
Published 30 Apr, 2013 12:00am
Peabody loss smaller than expected, but revenue slides

Peabody loss smaller than expected, but revenue slides

Peabody Energy Corp, the world's largest private sector coal miner, reported a smaller-than-expected first-quarter loss on Thursday as it pushed to cut costs in a tough market, but revenue fell just short of analysts' expectations. Margins dropped sharply
Published 30 Apr, 2013 12:00am
National accounts rebased

National accounts rebased

The Governing Council of the Pakistan Bureau of Statistics (PBS) has approved change of National Accounts base year from 1999-2000 to 2005-06, leading to an increase in the size of 2005-06 economy by 7.8 percent or Rs 552 billion. Advisor to Prime Ministe
Published 30 Apr, 2013 12:00am
Peabody loss smaller than expected, but revenue slides

Peabody loss smaller than expected, but revenue slides

Peabody Energy Corp, the world's largest private sector coal miner, reported a smaller-than-expected first-quarter loss on Thursday as it pushed to cut costs in a tough market, but revenue fell just short of analysts' expectations. Margins dropped sharply
Published 30 Apr, 2013 12:00am
Karzai confirms his office received cash from US

Karzai confirms his office received cash from US

Afghan President Hamid Karzai confirmed Monday that his office had received cash from the US government. His remark came after the New York Times reported that millions of dollars in cash was paid by the US Central Intelligence Agency to his office for mo
Published 30 Apr, 2013 12:00am
'Digital divide' still wide in developing world: study

'Digital divide' still wide in developing world: study

Most developing countries are still struggling to bridge the "digital divide" limiting access to computers and the Internet for low-income citizens, a study showed Wednesday. The study for the World Economic Forum placed Finland at the top of its "network
Published 30 Apr, 2013 12:00am
Karzai confirms his office received cash from US

Karzai confirms his office received cash from US

Afghan President Hamid Karzai confirmed Monday that his office had received cash from the US government. His remark came after the New York Times reported that millions of dollars in cash was paid by the US Central Intelligence Agency to his office for mo
Published 30 Apr, 2013 12:00am
Daimler makes 2.2 billion euros on sale of EADS stake

Daimler makes 2.2 billion euros on sale of EADS stake

German automaker Daimler said Wednesday it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS. "Daimler received gross proceeds of about 2.2 billion euros from the of
Published 30 Apr, 2013 12:00am
IMF ''carefully'' monitoring capital flows to Asia

IMF ''carefully'' monitoring capital flows to Asia

The Inter-national Monetary Fund said Monday it is "carefully" monitoring massive capital flows into Asia and urged the region''s policymakers to guard against risks of overheating. The level of the inflows - which have sent Asian stocks and property pric
Published 30 Apr, 2013 12:00am
Japan LNG, thermal coal imports hit record in 2012/13

Japan LNG, thermal coal imports hit record in 2012/13

Japan imported record amounts of liquefied natural gas (LNG) and thermal coal in the fiscal year that ended in March, trade data showed on Thursday, while early signs of improving business confidence suggest the trend could continue. Japanese exports pick
Published 30 Apr, 2013 12:00am
IMF 'carefully' monitoring capital flows to Asia

IMF 'carefully' monitoring capital flows to Asia

The Inter-national Monetary Fund said Monday it is "carefully" monitoring massive capital flows into Asia and urged the region's policymakers to guard against risks of overheating. The level of the inflows - which have sent Asian stocks and property price
Published 30 Apr, 2013 12:00am
Auto, industrial chip sales help Fairchild top revenue estimates

Auto, industrial chip sales help Fairchild top revenue estimates

Chipmaker Fairchild Semiconductor International Inc's first-quarter revenue beat analysts' estimates as it sold more high-voltage chips to industrial and automotive customers. The company, however, reported a surprise loss, as adjusted gross margin slippe
Published 30 Apr, 2013 12:00am
IMF 'carefully' monitoring capital flows to Asia

IMF 'carefully' monitoring capital flows to Asia

The Inter-national Monetary Fund said Monday it is "carefully" monitoring massive capital flows into Asia and urged the region's policymakers to guard against risks of overheating. The level of the inflows - which have sent Asian stocks and property price
Published 30 Apr, 2013 12:00am
Baker sees US drilling pickup; Schlumberger cautious

Baker sees US drilling pickup; Schlumberger cautious

Signs of improvement in the depressed North American drilling market and steady growth elsewhere helped oilfield services companies Schlumberger Ltd and Baker Hughes Inc beat Wall Street's profit expectations. Sector leader Schlumberger posted earnings ab
Published 30 Apr, 2013 12:00am
EFF facility: advisor to brief Cabinet on talks with IMF

EFF facility: advisor to brief Cabinet on talks with IMF

Advisor to Prime Minister on Finance, Dr Shahid Amjad Chaudhry will brief the Fede-ral Cabinet meeting expec-ted to be held on Thursday, on talks with International Monetary Fund (IMF) on Extended Fund Facility (EFF), it is learnt. Sources said the Cabine
Published 30 Apr, 2013 12:00am
Abramovich slips out of Russia Top 10 rich list: Forbes

Abramovich slips out of Russia Top 10 rich list: Forbes

Chelsea football club owner and superyacht enthusiast Roman Abramovich slipped out of the top 10 richest Russians in Forbes magazine's 2013 ranking published on Thursday. The flamboyant steel, mining, real estate and telecommunications tycoon has lost $1.
Published 30 Apr, 2013 12:00am
EFF facility: advisor to brief Cabinet on talks with IMF

EFF facility: advisor to brief Cabinet on talks with IMF

Advisor to Prime Minister on Finance, Dr Shahid Amjad Chaudhry will brief the Fede-ral Cabinet meeting expec-ted to be held on Thursday, on talks with International Monetary Fund (IMF) on Extended Fund Facility (EFF), it is learnt. Sources said the Cabine
Published 30 Apr, 2013 12:00am
Abbott hits mark, but devices, generics struggle

Abbott hits mark, but devices, generics struggle

Abbott Laboratories on Wednesday reported higher quarterly earnings after splitting off its branded drug business, and the company said demand was strong for its infant formulas and diagnostic products. But first-quarter sales slumped for medical devices
Published 30 Apr, 2013 12:00am
EFF facility: advisor to brief Cabinet on talks with IMF

EFF facility: advisor to brief Cabinet on talks with IMF

Advisor to Prime Minister on Finance, Dr Shahid Amjad Chaudhry will brief the Fede-ral Cabinet meeting expec-ted to be held on Thursday, on talks with International Monetary Fund (IMF) on Extended Fund Facility (EFF), it is learnt. Sources said the Cabine
Published 30 Apr, 2013 12:00am
Abbott hits mark, but devices, generics struggle

Abbott hits mark, but devices, generics struggle

Abbott Laboratories on Wednesday reported higher quarterly earnings after splitting off its branded drug business, and the company said demand was strong for its infant formulas and diagnostic products. But first-quarter sales slumped for medical devices
Published 30 Apr, 2013 12:00am
Prime Minister forms body to address power crisis

Prime Minister forms body to address power crisis

Caretaker Prime Minister Mir Hazar Khan Khoso on Monday constituted a committee comprising federal ministers for Petroleum, Water and Power and Advisor on Finance to review the energy situation and come up with recommendations to improve the power situati
Published 30 Apr, 2013 12:00am
Baidu first quarter profit misses Wall Street targets

Baidu first quarter profit misses Wall Street targets

Baidu Inc, China's largest search engine, posted its slowest profit growth in more than four years, missing Wall Street targets as higher traffic acquisition costs ate into profit margins and the company consolidated results from its money-losing online v
Published 30 Apr, 2013 12:00am
Prime Minister forms body to address power crisis

Prime Minister forms body to address power crisis

Caretaker Prime Minister Mir Hazar Khan Khoso on Monday constituted a committee comprising federal ministers for Petroleum, Water and Power and Advisor on Finance to review the energy situation and come up with recommendations to improve the power situati
Published 30 Apr, 2013 12:00am
Baidu first quarter profit misses Wall Street targets

Baidu first quarter profit misses Wall Street targets

Baidu Inc, China's largest search engine, posted its slowest profit growth in more than four years, missing Wall Street targets as higher traffic acquisition costs ate into profit margins and the company consolidated results from its money-losing online v
Published 30 Apr, 2013 12:00am
Prime Minister forms body to address power crisis

Prime Minister forms body to address power crisis

Caretaker Prime Minister Mir Hazar Khan Khoso on Monday constituted a committee comprising federal ministers for Petroleum, Water and Power and Advisor on Finance to review the energy situation and come up with recommendations to improve the power situati
Published 30 Apr, 2013 12:00am
Philippine central bank seen keeping rates on hold; may cut SDA rate

Philippine central bank seen keeping rates on hold; may cut SDA rate

The Philippine central bank will likely stand pat on interest rates at its meeting on Thursday, a Reuters poll showed, but will probably cut its special deposit account (SDA) rate for the third time in a row to support growth and contain the peso's streng
Published 30 Apr, 2013 12:00am
BRIndex30 loses 184.92 points

BRIndex30 loses 184.92 points

On Monday, BRIndex30 opened at 12,571.75. It touched an intraday high of 12,594.27 and an intraday low of 12,371.87 and closed at 12,386.83, which was -184.92 points or -1.47 percent lower than previous close. Total volume was 105,632,700, which was 67.23
Published 30 Apr, 2013 12:00am
Boomer downsizing trend hasn't materialised yet, but may

Boomer downsizing trend hasn't materialised yet, but may

When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000-square-foot, five-bedroom house where they had raised their children in Vienna, Virginia. They bought a townhouse in nearby Burke
Published 30 Apr, 2013 12:00am
BRIndex30 loses 184.92 points

BRIndex30 loses 184.92 points

On Monday, BRIndex30 opened at 12,571.75. It touched an intraday high of 12,594.27 and an intraday low of 12,371.87 and closed at 12,386.83, which was -184.92 points or -1.47 percent lower than previous close. Total volume was 105,632,700, which was 67.23
Published 30 Apr, 2013 12:00am
Puerto Rico's economy may get worse before it gets better

Puerto Rico's economy may get worse before it gets better

Puerto Rico's new governor is trying to heal the Caribbean island's wounded public finances with an austere budget heavy with new taxes that could sap life from a wobbly economic recovery. When Governor Alejandro Garcia Padilla presents his first budget o
Published 30 Apr, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

Karachi Stock Exchange (KSE) on Monday witnessed correction and the benchmark-100 index shed 94.86 points to close at 18,822.85 points against 18,917.71 points Friday. Samar Iqbal, a technical analyst at Topline Securities commented that due to deteriorat
Published 30 Apr, 2013 12:00am
BA loss may spur Boeing to offer mini-jumbo in weeks

BA loss may spur Boeing to offer mini-jumbo in weeks

Boeing looks ready to start offering its long-awaited next-generation mini-jumbo in weeks after pondering for months how to prevent a key part of the big-jet market slipping to rival Airbus. Industry sources, analysts and potential buyers say Boeing's ide
Published 30 Apr, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

Karachi Stock Exchange (KSE) on Monday witnessed correction and the benchmark-100 index shed 94.86 points to close at 18,822.85 points against 18,917.71 points Friday. Samar Iqbal, a technical analyst at Topline Securities commented that due to deteriorat
Published 30 Apr, 2013 12:00am
Schaeuble says anti-euro call 'economically insane'

Schaeuble says anti-euro call 'economically insane'

German Finance Minister Wolfgang Schaeuble said a new anti-euro party "can't be taken seriously" and labelled its core demand "economically insane" in comments published Sunday. The small Alternative for Germany (AFD) party wants to ditch the euro and bri
Published 30 Apr, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

Karachi Stock Exchange (KSE) on Monday witnessed correction and the benchmark-100 index shed 94.86 points to close at 18,822.85 points against 18,917.71 points Friday. Samar Iqbal, a technical analyst at Topline Securities commented that due to deteriorat
Published 30 Apr, 2013 12:00am
Schaeuble says anti-euro call 'economically insane'

Schaeuble says anti-euro call 'economically insane'

German Finance Minister Wolfgang Schaeuble said a new anti-euro party "can't be taken seriously" and labelled its core demand "economically insane" in comments published Sunday. The small Alternative for Germany (AFD) party wants to ditch the euro and bri
Published 30 Apr, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on May 1st (Wednesday) being public holiday declared by the government of Pakistan on the occasion of Labour Day.
Published 30 Apr, 2013 12:00am
Lilly to acquire Alzheimer's imaging agents from Siemens

Lilly to acquire Alzheimer's imaging agents from Siemens

In a move to shore up its lead in Alzheimer's diagnostics, Eli Lilly and Co on Wednesday said it will acquire two imaging agents from Siemens designed to light up brain deposits of tau, an Alzheimer's protein linked with cell death. The two agents are rad
Published 30 Apr, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on May 1st (Wednesday) being public holiday declared by the government of Pakistan on the occasion of Labour Day.
Published 30 Apr, 2013 12:00am
EU court to rule in Kosovo organ trafficking trial

EU court to rule in Kosovo organ trafficking trial

An EU-led court in Kosovo is expected to deliver its verdict Monday in the trial of seven people accused of illegal organ harvesting and transplants at a Pristina clinic. The panel of judges has heard often chilling testimony from over 80 witnesses - both
Published 30 Apr, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on May 1st (Wednesday) being public holiday declared by the government of Pakistan on the occasion of Labour Day.
Published 30 Apr, 2013 12:00am
Oman telco Nawras extends profit slump

Oman telco Nawras extends profit slump

Oman's No 2 telecom operator Nawras reported a 21 percent drop in first-quarter profit on Sunday, missing analysts' estimates as text and domestic call income fell. The firm posted a fifth straight quarterly profit decline as margins shrunk and depreciati
Published 30 Apr, 2013 12:00am
Syrian Prime Minister survives Damascus bombing, six die

Syrian Prime Minister survives Damascus bombing, six die

Syrian Prime Minister Wael al-Halki survived a bomb attack on his convoy in Damascus on Monday, state media and activists said, as rebels struck in the heart of President Bashar al-Assad's capital. Six people were killed in the blast, the British-based Sy
Published 30 Apr, 2013 12:00am
Oman telco Nawras extends profit slump

Oman telco Nawras extends profit slump

Oman's No 2 telecom operator Nawras reported a 21 percent drop in first-quarter profit on Sunday, missing analysts' estimates as text and domestic call income fell. The firm posted a fifth straight quarterly profit decline as margins shrunk and depreciati
Published 30 Apr, 2013 12:00am
Syrian Prime Minister survives Damascus bombing, six die

Syrian Prime Minister survives Damascus bombing, six die

Syrian Prime Minister Wael al-Halki survived a bomb attack on his convoy in Damascus on Monday, state media and activists said, as rebels struck in the heart of President Bashar al-Assad's capital. Six people were killed in the blast, the British-based Sy
Published 30 Apr, 2013 12:00am
Japan's ANA takes its first 787 back into the air since grounding

Japan's ANA takes its first 787 back into the air since grounding

All Nippon Airways, the Japanese launch customer for Boeing Co's 787, flew its first Dreamliner in more than three months on Sunday to test reinforced batteries installed by the US aircraft maker. The ANA flight was the second by an airline since aviation
Published 30 Apr, 2013 12:00am
Give counsel access to Musharraf, Supreme Court tells government

Give counsel access to Musharraf, Supreme Court tells government

The Supreme Court on Monday issued directives to the federation to provide access to former President and army chief Pervez Musharraf's attorneys to meet their client for consultations in relations to petitions seeking his trial under Article 6 for allege
Published 30 Apr, 2013 12:00am
Russian website Avito seen doubling revenues

Russian website Avito seen doubling revenues

The Swedish co-founder of Russia's biggest classifieds website Avito expects it to more than double revenues this year, proving smaller players can take a lead in an industry dominated by heavyweights like eBay and Craigslist. Jonas Nordlander's latest st
Published 30 Apr, 2013 12:00am
Give counsel access to Musharraf, Supreme Court tells government

Give counsel access to Musharraf, Supreme Court tells government

The Supreme Court on Monday issued directives to the federation to provide access to former President and army chief Pervez Musharraf's attorneys to meet their client for consultations in relations to petitions seeking his trial under Article 6 for allege
Published 30 Apr, 2013 12:00am
Before retirement, Sen Baucus targets US tax overhaul

Before retirement, Sen Baucus targets US tax overhaul

A day after announcing he will retire from Congress in 2014, Democrat Max Baucus said he will spend much of his remaining time as a senator stepping up his bid to revamp the complex US tax code. To speed up the process, Baucus said he is eyeing expiration
Published 30 Apr, 2013 12:00am
We won't be cowed down by attacks, say PPP, ANP, MQM

We won't be cowed down by attacks, say PPP, ANP, MQM

Key components of former ruling coalition - Pakistan People's Party, Muttahida Qaumi Movement (MQM) and Awami National Party (ANP) on Monday declared that they would never be cowed down by Taliban attacks on them. Forging a pre-election alliance against T
Published 30 Apr, 2013 12:00am
Philips sees tough European, US healthcare markets

Philips sees tough European, US healthcare markets

Philips forecast a slow first half of the year due to the weak European economy and a tough outlook for healthcare spending in the United States, sending its shares to a four-month low. The Dutch electronics company reported higher-than-expected quarterly
Published 30 Apr, 2013 12:00am
We won't be cowed down by attacks, say PPP, ANP, MQM

We won't be cowed down by attacks, say PPP, ANP, MQM

Key components of former ruling coalition - Pakistan People's Party, Muttahida Qaumi Movement (MQM) and Awami National Party (ANP) on Monday declared that they would never be cowed down by Taliban attacks on them. Forging a pre-election alliance against T
Published 30 Apr, 2013 12:00am
Sudan's Kenana plans to raise $200 million in Johannesburg IPO

Sudan's Kenana plans to raise $200 million in Johannesburg IPO

Kenana, Sudan's biggest sugar producer, plans to raise around $200 million in an initial public offering in Johannesburg next year, its managing director said. Last week, the Khartoum-based firm said it planned to make next year a stock market offer in Jo
Published 30 Apr, 2013 12:00am
Balochistan starts deployment of 70,000 security personnel

Balochistan starts deployment of 70,000 security personnel

Balochistan government on Monday started deployment of 70,000 personnel of security forces in all districts of the province to perform duties during the upcoming general elections. The contingents of Pakistan army, Frontier Constabulary, Balochistan Const
Published 30 Apr, 2013 12:00am
Balochistan starts deployment of 70,000 security personnel

Balochistan starts deployment of 70,000 security personnel

Balochistan government on Monday started deployment of 70,000 personnel of security forces in all districts of the province to perform duties during the upcoming general elections. The contingents of Pakistan army, Frontier Constabulary, Balochistan Const
Published 30 Apr, 2013 12:00am
Nizami accuses Taliban of sabotaging elections

Nizami accuses Taliban of sabotaging elections

Information Minister Arif Nizami on Monday accused the Taliban and other armed groups of sabotaging the upcoming landmark parliamentary elections under a "very organised campaign." "This is an existential threat and it's not new. There is a very organized
Published 30 Apr, 2013 12:00am
One year on, Hollande says will weather poll slump

One year on, Hollande says will weather poll slump

France's Francois Hollande said he was undeterred by a first year in power marked by economic slowdown and a record slump in his personal popularity, arguing his 5-year presidency would achieve results over time. In comments to correspondents from Reuters
Published 30 Apr, 2013 12:00am
Nizami accuses Taliban of sabotaging elections

Nizami accuses Taliban of sabotaging elections

Information Minister Arif Nizami on Monday accused the Taliban and other armed groups of sabotaging the upcoming landmark parliamentary elections under a "very organised campaign." "This is an existential threat and it's not new. There is a very organized
Published 30 Apr, 2013 12:00am
Netanyahu seeks to break Israel's monopolies, cartels

Netanyahu seeks to break Israel's monopolies, cartels

Israeli Prime Minister Benjamin Netanyahu, under pressure to reduce living costs, has targeted the country's monopolies and said the government would continue reforms that would lead to lower prices. At Sunday's cabinet meeting, Netanyahu called on his mi
Published 30 Apr, 2013 12:00am
Election troops plan approved by commanders

Election troops plan approved by commanders

Pakistan Army's top leadership on Monday approved 'troop deployment plan for general election' in view of fast deteriorating security situation across the country. According to an ISPR press release, a special Corps Commanders' Conference was held at Gene
Published 30 Apr, 2013 12:00am
Fear and anger follow Sudanese rebel strike

Fear and anger follow Sudanese rebel strike

Fear and anger on Sunday followed a Sudanese rebel strike on a major town residents said had been left unguarded and was hit during co-ordinated attacks in the insurgents' most audacious act in years. In Umm Rawaba, a previously peaceful community of thou
Published 30 Apr, 2013 12:00am
Election troops plan approved by commanders

Election troops plan approved by commanders

Pakistan Army's top leadership on Monday approved 'troop deployment plan for general election' in view of fast deteriorating security situation across the country. According to an ISPR press release, a special Corps Commanders' Conference was held at Gene
Published 30 Apr, 2013 12:00am
High-altitude Everest brawl sparks police probe

High-altitude Everest brawl sparks police probe

Police near Mount Everest are investigating reports of a fight on the upper reaches of the world's highest mountain between two foreign climbers and their Nepalese guides, officials said Sunday. "We were told our clients and the guides fought on their way
Published 30 Apr, 2013 12:00am
Afghan officials among eight killed in Peshawar blast

Afghan officials among eight killed in Peshawar blast

At least eight people including two Afghan nationals and three police personnel were killed and 43 others injured in a powerful explosion on a bus stop near Azam Tower on busy University Road here on Monday. According to eye-witnesses the explosion was ca
Published 30 Apr, 2013 12:00am
State Street beats estimates on higher servicing fees

State Street beats estimates on higher servicing fees

State Street Corp, the No 2 global custody bank, reported a higher-than-expected quarterly profit as stronger equity markets and higher forex trading volumes boosted fees. Net income rose to $445 million, or 98 cents per share, in the first quarter, from
Published 30 Apr, 2013 12:00am
Afghan officials among eight killed in Peshawar blast

Afghan officials among eight killed in Peshawar blast

At least eight people including two Afghan nationals and three police personnel were killed and 43 others injured in a powerful explosion on a bus stop near Azam Tower on busy University Road here on Monday. According to eye-witnesses the explosion was ca
Published 30 Apr, 2013 12:00am
Slovenia eases nerves with debt buy back

Slovenia eases nerves with debt buy back

Slovenia, struggling to avoid becoming the euro zone's next bailout case after Cyprus, raised more than twice as much as planned in a treasury bill tender on Wednesday aimed at easing pressure on its finances. With investors increasingly sceptical that th
Published 30 Apr, 2013 12:00am
Slovenia eases nerves with debt buy back

Slovenia eases nerves with debt buy back

Slovenia, struggling to avoid becoming the euro zone's next bailout case after Cyprus, raised more than twice as much as planned in a treasury bill tender on Wednesday aimed at easing pressure on its finances. With investors increasingly sceptical that th
Published 30 Apr, 2013 12:00am
SolarWorld sees massive 2012 loss, calls EGM

SolarWorld sees massive 2012 loss, calls EGM

SolarWorld said plunging solar module prices and asset writedowns likely caused a 2012 net loss of more than half a billion euros, as the debt-laden group continued to feel the impact of weak demand, industry overcapacity and falling government subsidies.
Published 30 Apr, 2013 12:00am
SolarWorld sees massive 2012 loss, calls EGM

SolarWorld sees massive 2012 loss, calls EGM

SolarWorld said plunging solar module prices and asset writedowns likely caused a 2012 net loss of more than half a billion euros, as the debt-laden group continued to feel the impact of weak demand, industry overcapacity and falling government subsidies.
Published 30 Apr, 2013 12:00am
Higher margins boost Honeywell profit in slow economy

Higher margins boost Honeywell profit in slow economy

Honeywell International Inc reported a first-quarter profit above analysts' expectations and raised the lower end of its full-year earnings forecast as margins improved in a slow-growth economy, sending its shares up 4 percent.
Published 30 Apr, 2013 12:00am
Higher margins boost Honeywell profit in slow economy

Higher margins boost Honeywell profit in slow economy

Honeywell International Inc reported a first-quarter profit above analysts' expectations and raised the lower end of its full-year earnings forecast as margins improved in a slow-growth economy, sending its shares up 4 percent.
Published 30 Apr, 2013 12:00am
Rockwell Collins profit flat; CEO to retire

Rockwell Collins profit flat; CEO to retire

Rockwell Collins Inc, a supplier of aircraft parts and systems, posted flat quarterly profit on Friday and said Chief Executive Clay Jones would retire in July under a succession plan. Jones will step down as CEO on July 31, and President Kelly Ortberg is
Published 30 Apr, 2013 12:00am
Rockwell Collins profit flat; CEO to retire

Rockwell Collins profit flat; CEO to retire

Rockwell Collins Inc, a supplier of aircraft parts and systems, posted flat quarterly profit on Friday and said Chief Executive Clay Jones would retire in July under a succession plan. Jones will step down as CEO on July 31, and President Kelly Ortberg is
Published 30 Apr, 2013 12:00am
Poland cuts growth forecast, delays deficit target

Poland cuts growth forecast, delays deficit target

Poland cut its growth forecast for this year to 1.5 percent on Monday and admitted its wider government deficit would remain well above the European Union's acceptable threshold as it focuses on stimulating growth. The country has enjoyed two decades of u
Published 30 Apr, 2013 12:00am
German SPD says EU can't ditch austerity

German SPD says EU can't ditch austerity

Germany's opposition Social Democrats (SPD) do not believe the time for debt and deficit reduction in Europe is over yet, but see a need to focus more on growth to combat unemployment in southern Europe, a top SPD politician told Reuters. As Europe debate
Published 30 Apr, 2013 12:00am
Bollywood celebrates 100th birthday

Bollywood celebrates 100th birthday

One hundred years after the screening of a black-and-white silent film, India's brash, song-and-dance-laden Bollywood film industry celebrates its centenary later this week. The milestone will be marked with the release of "Bombay Talkies", made up of sho
Published 30 Apr, 2013 12:00am
Asahi Life to be more cautious on JGB buying, eyes foreign bonds

Asahi Life to be more cautious on JGB buying, eyes foreign bonds

Japan's Asahi Mutual Life Insurance will be more cautious about buying Japanese bonds in the fiscal year that began this month and seek opportunities to buy foreign bonds on dips, after the Bank of Japan's reflationary steps raised uncertainty in the mark
Published 30 Apr, 2013 12:00am
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