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Print - 2013-07-28
GM fires several employees after probe into Tavera recall

GM fires several employees after probe into Tavera recall

General Motors Co fired several employees after an internal probe into a recent recall of its Chevrolet Tavera sport-utility vehicle in India uncovered "violations of company policy," the US automaker said on Friday. "We take these matters very seriously
Published 28 Jul, 2013 12:00am
Eurozone economy set to grow in current quarter

Eurozone economy set to grow in current quarter

Eurozone private industry unexpectedly bounced back to growth this month as factories increased output for the first time in well over a year, business surveys suggested on Wednesday. The surveys will delight European policymakers who have come under pres
Published 28 Jul, 2013 12:00am
India's seizure of smuggled gold soars

India's seizure of smuggled gold soars

Seizure of smuggled gold in India soared 365 percent in the first quarter of the year, a report said Saturday, following curbs on imports of the precious metal to plug a yawning trade gap. India, the world's largest buyer of gold, has twice hiked import t
Published 28 Jul, 2013 12:00am
Siemens probes China operations

Siemens probes China operations

German engineering group Siemens is probing its China operations as sales and orders in the world's second-largest economy have failed to grow, Wirtschaftswoche reported without citing the source of the information. The Munich-based company's strategy div
Published 28 Jul, 2013 12:00am
Italian banks cut credit, leaving small businesses gasping

Italian banks cut credit, leaving small businesses gasping

Loans to businesses in recession-hit Italy dropped by 4.2 percent over the past year, with small companies in particular suffering from difficulties in obtaining credit and unpaid state bills, a new report warned Saturday. Between May 2012 and May 2013, t
Published 28 Jul, 2013 12:00am
EU, China resolve solar dispute - their biggest trade row by far

EU, China resolve solar dispute - their biggest trade row by far

China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel. After six weeks of talks, the EU's trade chief and his Chinese count
Published 28 Jul, 2013 12:00am
ECB done with rate cuts as economy shows signs of life

ECB done with rate cuts as economy shows signs of life

The European Central Bank is probably done cutting interest rates but may still take other measures to stimulate an economy that may soon creep out of recession, according to a Reuters poll. The survey of 70 economists was conducted before a business surv
Published 28 Jul, 2013 12:00am
Argentina's industry output rises 3.8 percent

Argentina's industry output rises 3.8 percent

Argentina's industrial production rose 3.8 percent in June, much less than expected, and edged down from May, government data showed on Friday, a sign the country's recent economic rebound may be shakier than thought. The median forecast in a Reuters poll
Published 28 Jul, 2013 12:00am
German private sector grows, points to expansion in Q3

German private sector grows, points to expansion in Q3

Germany's private sector expanded for a third consecutive month in July as the manufacturing sector returned to growth, a survey showed on Wednesday. The data suggests Europe's largest economy is recovering after losing steam late last year and struggling
Published 28 Jul, 2013 12:00am
Vietnam launches debt firm to rescue its battered banks

Vietnam launches debt firm to rescue its battered banks

Vietnam launched an asset firm to buy up the bad debts of its banks on Friday, a move touted as one of its biggest reforms but seen as merely a band-aid fix for its ailing, credit-starved economy. The State Bank of Vietnam (SBV) has faced long delays in s
Published 28 Jul, 2013 12:00am
Vietnam launches debt firm to rescue its battered banks

Vietnam launches debt firm to rescue its battered banks

Vietnam launched an asset firm to buy up the bad debts of its banks on Friday, a move touted as one of its biggest reforms but seen as merely a band-aid fix for its ailing, credit-starved economy. The State Bank of Vietnam (SBV) has faced long delays in s
Published 28 Jul, 2013 12:00am
French debt agency chief eyes more buybacks

French debt agency chief eyes more buybacks

France eyes more debt buybacks if market conditions remain favourable, its debt agency chief told Reuters as the country keeps borrowing at rates near record lows despite a Fed-related increase and a sovereign rating downgrade. The euro zone's second-larg
Published 28 Jul, 2013 12:00am
French debt agency chief eyes more buybacks

French debt agency chief eyes more buybacks

France eyes more debt buybacks if market conditions remain favourable, its debt agency chief told Reuters as the country keeps borrowing at rates near record lows despite a Fed-related increase and a sovereign rating downgrade. The euro zone's second-larg
Published 28 Jul, 2013 12:00am
Brazil loan delinquencies drop as lenders cool credit

Brazil loan delinquencies drop as lenders cool credit

Loan delinquencies in Brazil's banking system fell in June for the first time since March, in a sign that private-sector lenders' efforts to slow credit growth were finally bearing fruit. Loans in arrears for 90 days or more, the industry's benchmark gaug
Published 28 Jul, 2013 12:00am
Sri Lanka central bank imposes limits on overdue loan charges

Sri Lanka central bank imposes limits on overdue loan charges

Sri Lanka's central bank has placed a cap on excessively high overdue loan charges demanded by financial institutions to reduce borrowing costs, the island nation's monetary authority said on Friday, a move analysts suggest to boost credit growth. The cen
Published 28 Jul, 2013 12:00am
Unilever to ditch PwC after 26 years to comply with new UK auditor rule

Unilever to ditch PwC after 26 years to comply with new UK auditor rule

Unilever is looking for a new auditor, after 26 years with PwC, to comply with a new rule, prompted by questions over why accountants gave banks a clean bill of health just weeks before they were rescued by taxpayers in the 2008 financial crisis. Britain'
Published 28 Jul, 2013 12:00am
Swiss equity haven may lose out as risk appetite rises

Swiss equity haven may lose out as risk appetite rises

Signs of an impending retreat from buoyant Swiss stocks may signal the start of a new hunger for risk among investors. Swiss equities have been a perfect middle ground for investors moving out of super-low-yield crisis-era havens such as gold, Swiss franc
Published 28 Jul, 2013 12:00am
Treasuries outlook: prices gain, Fed meeting in focus

Treasuries outlook: prices gain, Fed meeting in focus

Prices of US Treasuries edged up on Friday in light trading, with investors reluctant to take on large positions ahead of a Federal Reserve meeting next week which will be scrutinised for signs on when the US central bank is likely to reduce its bond-purc
Published 28 Jul, 2013 12:00am
Treasuries outlook: prices gain, Fed meeting in focus

Treasuries outlook: prices gain, Fed meeting in focus

Prices of US Treasuries edged up on Friday in light trading, with investors reluctant to take on large positions ahead of a Federal Reserve meeting next week which will be scrutinised for signs on when the US central bank is likely to reduce its bond-purc
Published 28 Jul, 2013 12:00am
Indian bonds gain

Indian bonds gain

Indian government bonds rose for a second session on Friday but extended their losing streak to a seventh week as the central bank's steps to further tighten cash to curb rupee speculation showed high short-term rates were here to stay. A 150 billion rupe
Published 28 Jul, 2013 12:00am
Indian bonds gain

Indian bonds gain

Indian government bonds rose for a second session on Friday but extended their losing streak to a seventh week as the central bank's steps to further tighten cash to curb rupee speculation showed high short-term rates were here to stay. A 150 billion rupe
Published 28 Jul, 2013 12:00am
TSX hits one-month low

TSX hits one-month low

Canada's main stock index hit a one-week low on Friday with falling oil prices fuelling a decline in shares of energy producers and a Federal Reserve meeting next week reviving worries about the fate of the US central bank's stimulus program. The Toronto
Published 28 Jul, 2013 12:00am
China to launch Shanghai bitumen futures contract soon

China to launch Shanghai bitumen futures contract soon

China's Shanghai Futures Exchange is set to launch a futures contract for road-paving material bitumen as early as next month, officials said, its second energy contract after an ill-fated fuel oil contract. China, the world's second-largest fuel consumer
Published 28 Jul, 2013 12:00am
America Movil, Usiminas earnings lift Latam stocks

America Movil, Usiminas earnings lift Latam stocks

Mexican stocks rose on Friday, led by a jump in billionaire Carlos Slim's telecommunications America Movil after its quarterly results beat estimates, while better-than-expected earnings lifted Brazil's steelmakers. Brazil's main stock index closed at its
Published 28 Jul, 2013 12:00am
Bunds rebound

Bunds rebound

German Bund futures rose on Friday, bouncing back after three straight sessions of losses, as investors positioned for a busy calendar of monetary policy meetings and data next week. Bonds were supported by a Wall Street Journal report that the Fed may de
Published 28 Jul, 2013 12:00am
Bunds rebound

Bunds rebound

German Bund futures rose on Friday, bouncing back after three straight sessions of losses, as investors positioned for a busy calendar of monetary policy meetings and data next week. Bonds were supported by a Wall Street Journal report that the Fed may de
Published 28 Jul, 2013 12:00am
South African stocks down

South African stocks down

South African stocks extended losses into a third straight session on Friday, weighed down by bullion producers such as AngloGold Ashanti and Sibanye Gold, which continued to struggle with worries about labour strife. Retailers also took a hit, with disco
Published 28 Jul, 2013 12:00am
Deal drought raises the pressure on private equity

Deal drought raises the pressure on private equity

Buyout firms have a record level of expiring funds this year, raising the prospect that many will have to ask investors for more time to do deals or not use the money at all. Advisory firm Triago says that $145 billion of so-called dry powder - money pled
Published 28 Jul, 2013 12:00am
Deal drought raises the pressure on private equity

Deal drought raises the pressure on private equity

Buyout firms have a record level of expiring funds this year, raising the prospect that many will have to ask investors for more time to do deals or not use the money at all. Advisory firm Triago says that $145 billion of so-called dry powder - money pled
Published 28 Jul, 2013 12:00am
Wall Street wipes out losses late to end with slim gain

Wall Street wipes out losses late to end with slim gain

US stocks erased losses late in Friday's session to close slightly higher on investors' optimism about the likelihood that the Federal Reserve will keep its easy money policy in play a while longer. With just three trading days left in the month, the S&P
Published 28 Jul, 2013 12:00am
Latam currencies ease

Latam currencies ease

Latin American currencies weakened on Friday as stronger-than-expected US economic data fuelled fears of an early withdrawal of stimulus measures by the Federal Reserve, while lingering concerns about the Chinese economy hit the outlook for commodity expo
Published 28 Jul, 2013 12:00am
India's forex reserves down

India's forex reserves down

India's foreign exchange reserves were down at $279.203 billion as on July 19, compared with $280.188 billion in the previous week, the Reserve Bank of India said on Friday. The RBI does not give any weekly data on its forward dollar holdings. So it is ha
Published 28 Jul, 2013 12:00am
Sri Lankan rupee rises

Sri Lankan rupee rises

The Sri Lankan rupee recovered on Friday from its 10-month low hit in the previous session on exporter dollar conversion and as commercial banks sold the greenback to cover rupee liquidity shortage, currency dealers said. The rupee ended at 131.60/70, rec
Published 28 Jul, 2013 12:00am
Sudan currency at new low ahead of oil deadline

Sudan currency at new low ahead of oil deadline

Sudan's currency hit a new low on Tuesday, traders said, ahead of Khartoum's deadline to shut a pipeline carrying South Sudanese oil worth billions of dollars to both impoverished nations. One United States dollar sold for 7.35 Sudanese pounds, black mark
Published 28 Jul, 2013 12:00am
Canadian dollar eases as market braces for Fed meeting, data

Canadian dollar eases as market braces for Fed meeting, data

The Canadian dollar eased marginally from a five-week high against the US dollar on Friday, but it stayed within a tight range as investors awaited a slew of economic data and a US Federal Reserve meeting next week for further guidance. The greenback fell
Published 28 Jul, 2013 12:00am
Dollar falls as Fed seen keeping US rates low for some time

Dollar falls as Fed seen keeping US rates low for some time

The dollar slumped to a five-week low on Friday, falling for a third straight week, on expectations the Federal Reserve will affirm at its monetary policy meeting next week that it intends to keep interest rates low for an extended period. The Fed meets o
Published 28 Jul, 2013 12:00am
Key Euribor rate rises

Key Euribor rate rises

The key Euribor bank-to-bank lending rate ticked up on Friday after recent economic data suggested the euro zone economy could be turning a corner, easing pressure on the European Central Bank to further loosen monetary policy. French consumer confidence
Published 28 Jul, 2013 12:00am
Speculators decrease long dollar bets

Speculators decrease long dollar bets

Currency speculators decreased their bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $28.69 billion in the week end
Published 28 Jul, 2013 12:00am
South Africa's rand, Ugandan shilling weaken

South Africa's rand, Ugandan shilling weaken

South Africa's rand slipped against the dollar on Friday in thin trading volumes after a week in which the currency broke out of the range in which it had traded for nearly two months. The rand was at 9.7900 to the dollar at 1521 GMT, down 0.6 percent fro
Published 28 Jul, 2013 12:00am
Hewitt, Isner set for Atlanta semi-final clash

Hewitt, Isner set for Atlanta semi-final clash

Australian Lleyton Hewitt booked his third ATP semi-final in four tournaments on Friday, beating Ivan Dodig to set up a clash with top-seeded American John Isner at the Atlanta Open. Former world number one Hewitt, who reached the final at Newport earlier
Published 28 Jul, 2013 12:00am
Radwanska reaches Stanford semis

Radwanska reaches Stanford semis

Top seeded Agnieszka Radwanska held off determined American Varvara Lepchenko 7-6 (7/2), 3-6, 6-3 on Friday to reach the semi-finals of the WTA Bank of the West Classic. Radwanska, ranked fourth in the world and seeking her third title of 2013 after trium
Published 28 Jul, 2013 12:00am
Heated sledging sparks more trouble for Warner

Heated sledging sparks more trouble for Warner

Controversial Australian batsman David Warner had to be separated from South Africa A wicketkeeper Thami Tsolekile during his 33-run second innings Saturday. The umpires intervened twice at LC de Villiers Oval in South African Highveld city Pretoria after
Published 28 Jul, 2013 12:00am
Saleem Raza shines in 'World Disabled Golf Championship'

Saleem Raza shines in 'World Disabled Golf Championship'

Saleem Raza of Gujranwala Golf Club was the only disabled golf player to compete in the "World Disabled Golf Championship 2013," which concluded at the Westwood Golf Course in Glasgow, UK. In a contest lasting over three rounds, and contested by 76 golfer
Published 28 Jul, 2013 12:00am
Pakistani women team moves into World T20 Qualifier semis

Pakistani women team moves into World T20 Qualifier semis

Pakistan women cricket team recorded a 20-run victory against their counterparts from Netherlands and qualified for the semifinals of ICC Women's World Twenty20 Qualifier on Saturday in Dublin. The match was reduced to only nine overs due to wet outfield
Published 28 Jul, 2013 12:00am
China's Zou notches up 2nd unconvincing win

China's Zou notches up 2nd unconvincing win

China's great boxing hope Zou Shiming notched up an unconvincing second professional victory against Mexico's Jesus Ortega on Saturday, failing to answer questions about his lack of punching power. The two-time Olympic gold medallist, topping the bill at
Published 28 Jul, 2013 12:00am
Pellegrini picks up first City silverware

Pellegrini picks up first City silverware

Manuel Pellegrini picked up his first piece of silverware as Manchester City manager on Saturday in Hong Kong, but it came at a potential cost with centre-half Matija Nastasic stretchered off. Edin Dzeko's spectacular volley from outside the box on nine m
Published 28 Jul, 2013 12:00am
North Korea beat China

North Korea beat China

North Korea defeated China 1-0 in their final East Asian Cup women's match on Saturday, putting themselves in a position to win the regional event for the first time. Ri Un-Hyang scored 90 seconds into the game at Seoul's Jamsil Olympic Stadium, and the t
Published 28 Jul, 2013 12:00am
FINA agrees sponsorship deal with China's NVC

FINA agrees sponsorship deal with China's NVC

FINA has agreed a four-year sponsorship deal for the diving world series with Chinese firm NVC Lighting that will run from 2014-17, swimming's governing body said on Saturday. Launched in 2007, the world series consisted this year of six meetings in Beiji
Published 28 Jul, 2013 12:00am
Bolt marks London return with 100m triumph

Bolt marks London return with 100m triumph

Olympic champion and world record holder Usain Bolt stormed to victory in the 100m at the London Diamond League meeting on Friday as he returned to his brutal, stunning best. The Jamaican superstar warmed up for his world championships bid in Moscow next
Published 28 Jul, 2013 12:00am
21 dead as floods strike quake-hit Chinese province

21 dead as floods strike quake-hit Chinese province

At least 21 people have been killed and four reported missing in floods and mudslides that hit a Chinese province where at least 95 others died this week in twin earthquakes, state media reported on Saturday. Floods, landslides and rockfalls have been rep
Published 28 Jul, 2013 12:00am
Bananas thrown at Italy's first black minister

Bananas thrown at Italy's first black minister

Some of Italy's top politicians on Saturday rallied behind the country's first black minister, a target of racist slurs since her appointment in April, after a spectator threw bananas at her while she was making a speech. Integration Minister Cecile Kyeng
Published 28 Jul, 2013 12:00am
Biden unapologetic on US Pacific power

Biden unapologetic on US Pacific power

The United States will remain a Pacific power, Vice President Joe Biden vowed Saturday as he credited his country with maintaining peace and stability in the region for decades. Biden, ending a two-day visit to Singapore, said the US presence there has al
Published 28 Jul, 2013 12:00am
Putin urges Ukraine to join forces with Russia

Putin urges Ukraine to join forces with Russia

President Vladimir Putin on Saturday urged Ukraine to join forces with former fellow Soviet state Russia, saying Russians and Ukrainians were "one people." The Russian president's remarks, made as he visited Kiev, highlight an ongoing tug-of-war Moscow ha
Published 28 Jul, 2013 12:00am
Aleppo missile death toll hits 29, mostly children: NGO

Aleppo missile death toll hits 29, mostly children: NGO

At least 29 people, including 19 children, died in a missile strike by regime forces on the northern Syrian city of Aleppo, a watchdog said Saturday, revising an earlier toll. "At least 29 people, including 19 children and four women, were killed in Alepp
Published 28 Jul, 2013 12:00am
UN, Syria agree on 'way forward' on chemical weapons issue

UN, Syria agree on 'way forward' on chemical weapons issue

The United Nations and Syria said Saturday that they had reached an agreement on what they called the "way forward" for verifying the alleged use of chemical weapons in the war-torn country. "The discussions were thorough and productive and led to an agre
Published 28 Jul, 2013 12:00am
Afghanistan expands voter registration to insecure areas

Afghanistan expands voter registration to insecure areas

Afghanistan on Saturday expanded the registration of new voters to more insecure rural areas ahead of a landmark presidential election next year. The registrations, which had already begun in cities, expanded to around 400 centres in all 34 provinces for
Published 28 Jul, 2013 12:00am
Seven killed in Florida apartment rampage

Seven killed in Florida apartment rampage

A tenant went on a shooting rampage at a Florida apartment building, killing six people before a SWAT team killed him and rescued two neighbours he was holding hostage on Saturday, police said. The hostages were unharmed, police in the Miami suburb of Hia
Published 28 Jul, 2013 12:00am
China military urges vigilance over Japan's defence plan

China military urges vigilance over Japan's defence plan

China's Defence Ministry on Saturday urged international vigilance of Japan's military plans after it unveiled an interim report calling for strengthened armed forces, including the possible acquisition of the ability to hit enemy bases. Japan's proposal
Published 28 Jul, 2013 12:00am
South Africa's controversial Malema launches party

South Africa's controversial Malema launches party

Populist politician Julius Malema launched South Africa's newest party Saturday to take on the ruling African National Congress, whose youth wing he once headed, in polls next year. Malema's leftist Economic Freedom Fighters (EFF) held its first general a
Published 28 Jul, 2013 12:00am
Blast kills six in Philippine southern city

Blast kills six in Philippine southern city

A powerful blast ripped through a crowded popular nightclub in a southern Philippine city late on Friday, killing six people and wounding dozens, police said on Saturday, a reminder of the security challenges despite rising economic growth. No one has cla
Published 28 Jul, 2013 12:00am
Saudi man dies of MERS virus

Saudi man dies of MERS virus

A Saudi man has died of the coronavirus MERS and another has contracted the virus, the health ministry said on Saturday, bringing the kingdom's deaths from the virus to 39. The man, who had previously been diagnosed with the Sars-like virus, died in the s
Published 28 Jul, 2013 12:00am
Germans protest US intelligence surveillance

Germans protest US intelligence surveillance

Thousands of Germans on Saturday took part in demonstrations against US intelligence surveillance abroad that extends to private individuals in Europe. US whistleblower Edward Snowden revealed recently that the National Security Agency programme had co-op
Published 28 Jul, 2013 12:00am
Brazil may import more: North American wheat after frosts

Brazil may import more: North American wheat after frosts

Frost that hit the wheat crop in Brazil's leading producer state Parana this week will likely force the country to import more than the 2 million tonnes of wheat it has bought from North America, even with tariffs, Brazilian buyers said. Local meteorologi
Published 28 Jul, 2013 12:00am
Asian rice prices barely changed as market awaits Thai sale tender

Asian rice prices barely changed as market awaits Thai sale tender

Thai rice prices were little changed from a week ago amid thin trade on Wednesday as buyers and sellers waited to see clear market direction from the government's planned sale of part of the inventory built up over the last two years. The Thai government
Published 28 Jul, 2013 12:00am
Thailand sells 250,000 tonnes of rice to Iranian government

Thailand sells 250,000 tonnes of rice to Iranian government

The Thai government has signed a contract to sell 250,000 tonnes of rice from its stocks to Iran in a government-to-government deal and aimed to sell more to Asian governments, Thailand's commerce minister said on Thursday. The deal comes as Thailand is s
Published 28 Jul, 2013 12:00am
ICE cotton posts daily, weekly loss amid investor profit-taking

ICE cotton posts daily, weekly loss amid investor profit-taking

ICE cotton edged down on Friday and slid to a weekly loss, weighed by falling financial markets and investor profit taking, worry over lower demand in China, and reduced concern over the crop in the United States, the world's top exporter.
Published 28 Jul, 2013 12:00am
Russia's 2013 wheat crop may lag forecasts

Russia's 2013 wheat crop may lag forecasts

Russia's 2013 wheat crop may come below official forecasts due to drought in some regions and a late spring in others, the head of the Grain Producers Union said on Wednesday. Russia, one of the world's key wheat exporters, had harvested 26.6 million tonn
Published 28 Jul, 2013 12:00am
Commodity assets plunge to 32-month low

Commodity assets plunge to 32-month low

Total global commodity assets under management fell by $18 billion in June to a 32-month low of $349 billion, as investors fled precious metals, particularly gold exchange traded funds, Barclays Capital said in a research note on Friday.
Published 28 Jul, 2013 12:00am
Indian oilseeds, soyoil hit 9-1/2 months low

Indian oilseeds, soyoil hit 9-1/2 months low

Indian soybean and soyoil futures fell to their lowest level in 9-1/2 months on Thursday, while rapeseed hit a nearly 20-month low as a strong rupee and a jump in oilseeds acreage due to good monsoon depressed sentiment. At 0751 GMT, the benchmark Malaysi
Published 28 Jul, 2013 12:00am
Analysts see bumper harvest for corn after devastating 2012

Analysts see bumper harvest for corn after devastating 2012

Corn, one of the world's key food crops, is expected to bounce back from last year's devastating drought with a bumper harvest in the coming season, traders said Wednesday. Last year, some 80 percent of farmland in the United States - the world's biggest
Published 28 Jul, 2013 12:00am
China's hunger for wheat to lift prices by 10 percent

China's hunger for wheat to lift prices by 10 percent

Soaring Chinese wheat purchases due to weather-related crop damage at home could lift global prices of the grain by about 10 percent in the next few months, a survey of traders showed. The rush to secure wheat overseas by top consumer China is prompting f
Published 28 Jul, 2013 12:00am
New York gold posts three percent weekly gain, Fed comment eyed

New York gold posts three percent weekly gain, Fed comment eyed

Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the US Federal Reserve's message at next week's monetary policy meeting pushed the dollar down. Bullion's third consecutiv
Published 28 Jul, 2013 12:00am
Commodities hit again by China jitters

Commodities hit again by China jitters

Global commodity prices mostly fell last week as traders took their cue from mounting worries over the Chinese economy, which is a crucial consumer of many raw materials and where data showed China's country's manufacturing activity contracted to an 11-mo
Published 28 Jul, 2013 12:00am
Half knowledge can be fatal

Half knowledge can be fatal

Apropos a report published in Business Recorder on 22nd July "5,500 MW power can be generated if gas supply stopped to fertiliser and CNG". The mind boggling analysis for solution to our power shortfall crisis through shifting of gas from CNG and f
Published 28 Jul, 2013 12:00am
NSA can't escape spotlight

NSA can't escape spotlight

It was a week in which the National Security Agency seemed to be all over Washington. From the US House of Representatives to the Justice and State departments, the headlines generated frequently had to fit in the long word surveillance.
Published 28 Jul, 2013 12:00am
Despite election win, Japan premier to face daunting tasks

Despite election win, Japan premier to face daunting tasks

With exit polls suggesting Japanese Prime Minister Shinzo Abe's Liberal Democratic Party has won a large majority in Sunday's election for the upper house, analysts are turning their attention to the serious problems he will have to tackle.
Published 28 Jul, 2013 12:00am
Early warning systems in social conflicts

Early warning systems in social conflicts

Early Warning System (EWS), and its adjunct, Early Response (ER) have had their origins since olden times when in primitive societies people were keen to know about future untoward developments that could cause harm and destruction to their peaceful way o
Published 28 Jul, 2013 12:00am
Doha is calling

Doha is calling

As the post-withdrawal scenario unfolds both Kabul and New Delhi are increasingly edgy about the Afghan Taliban's say in the future of their country. Can you secure a peaceful and stable post-2014 Afghanistan without Taliban the one-word answer is a big n
Published 28 Jul, 2013 12:00am
Priority to smaller hydel projects

Priority to smaller hydel projects

According to a section of the press, multilateral donor agencies have recommended to the government to give greater priority to building smaller hydel dams which would be less costly with a shorter construction period relative to large hydel projects. In
Published 28 Jul, 2013 12:00am
Mother seeks recovery of kidnapped son

Mother seeks recovery of kidnapped son

An elderly distressed mother of one Zain Khan, resident of Shahi Bala, Peshawar, demanded of the Khyber Pakhtunkhwa Chief Minister Pervez Khattak to help recover her kidnapped son allegedly picked-up by police personnel. Addressing at a news conference on
Published 28 Jul, 2013 12:00am
Shahbaz orders foolproof security arrangements for Ramazan, Eid

Shahbaz orders foolproof security arrangements for Ramazan, Eid

Punjab Chief Minister Shahbaz Sharif has directed that foolproof security arrangements should be made on the occasion of Youm-e-Shahadat of Hazrat Ali (A.S), Juma-tul-Wida, Youm-e-Alquds and Eid-ul-Fitr. He said that law enforcement agencies should remain
Published 28 Jul, 2013 12:00am
Government urged to take steps to arrest rupee slide

Government urged to take steps to arrest rupee slide

Government needs to take urgent steps to seize further evaluation of Pak Rupee detrimental to the economy, contain inflation, common man will also badly hurt, said Mian Zahid Aslam, President Faisalabad Chamber of Commerce & Industry (FCCI) on Saturday.
Published 28 Jul, 2013 12:00am
New currency notes latest item on black market

New currency notes latest item on black market

Black marketing of new currency notes has registered new heights ahead of Eid despite intervention of the State Bank of Pakistan (SBP), as vendors in the city are charging hefty profits on currency notes of different denominations.
Published 28 Jul, 2013 12:00am
Anti-dengue Day observed across Punjab

Anti-dengue Day observed across Punjab

On the directions of Punjab government, anti-dengue day was observed on Saturday with a renewed pledge to continue efforts for eradication of dengue by raising awareness about the issue and keeping the environment neat and clean. All the government office
Published 28 Jul, 2013 12:00am
FIA detects nine illegal gateway exchanges

FIA detects nine illegal gateway exchanges

Federal Investigation Agency (FIA) along with Pakistan Telecommunication Agency (PTA) officials unearthed nine illegal gateway exchanges and seized 997 active sim cards during a raid in Sargodha. Addressing a press conference here on Saturday, FIA Deputy
Published 28 Jul, 2013 12:00am
South Asian Heritage Festival of Mississauga in Canada from August 12

South Asian Heritage Festival of Mississauga in Canada from August 12

A grand South Asian Heritage Festival of Mississauga is being held in Canada from August 12 in which music, film festival, arts and other cultural activities will be the salient features with 200 prominent personalities from different walks of life being
Published 28 Jul, 2013 12:00am
Speakers call for efforts towards controlling dengue

Speakers call for efforts towards controlling dengue

Entomologists of Agriculture Department during the current year have completed surveillance of 10,981 spots for dengue vector out of which, 123 have been declared as hot spots due to the presence of larvae of dengue mosquitoes. "This year more breeding pl
Published 28 Jul, 2013 12:00am
UVAS observes dengue eradication day

UVAS observes dengue eradication day

The University of Veterinary and Animal Sciences Lahore observed dengue eradication day on Saturday and started an anti-dengue campaign on the directions of vice-chancellor Professor Dr Talat Naseer Pasha. The Dengue Control Committee led by Dr Kamran Ash
Published 28 Jul, 2013 12:00am
LCCI welcomes crackdown against power, gas thefts

LCCI welcomes crackdown against power, gas thefts

Convenor Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on Halal Meat's Nasib Ahmed Saifi welcoming the government's crackdown against electricity and gas pilferers have urged the government to deal with such elements with an iron hand
Published 28 Jul, 2013 12:00am
Operation launched against illegal constructions

Operation launched against illegal constructions

Staff of the Town Planning Wing of Lahore Development Authority (LDA) conducted demolishing operation against illegal constructions on Defence Road and Ferozpur Road here on Saturday and demolished a number of structures that had been constructed in viola
Published 28 Jul, 2013 12:00am
Jamaat-i-Islami criticises PML-N for securing MQM's support

Jamaat-i-Islami criticises PML-N for securing MQM's support

Secretary General, Jamaat-i-Islami Liaqat Baloch has said that the PML(N) had negated its stance on the Karachi situation by securing MQM's support for its presidential candidate. Addressing an Iftar party in the city, he said that the announcements being
Published 28 Jul, 2013 12:00am
Curfew imposed on Badgam after death of woman

Curfew imposed on Badgam after death of woman

Authorities imposed curfew in the Badgam district on Saturday after the death of a woman who was injured by an Indian policeman on Tuesday. Fifty-five years old Fatima of Dadina area of Badgam, who was critically injured after she was hit in the head by a
Published 28 Jul, 2013 12:00am
Parachinar blasts: Shia leaders demand clean-up operation

Parachinar blasts: Shia leaders demand clean-up operation

Condemning the twin suicide blasts in Parachinar, the leaders of Shia community have demanded of the government to carry out a cleanup operation on pattern of Swat against the terrorist elements, and expose hidden forces behind this brutal killing episode
Published 28 Jul, 2013 12:00am
Deputationists' absorption in HQ: FBR chalks out new policy

Deputationists' absorption in HQ: FBR chalks out new policy

The Federal Board of Revenue has chalked out a new policy for absorption/induction of deputationists in FBR (HQ) to avoid induction of non-professional government officials in the tax machinery - who instead of being helpful takes a lot of time to really
Published 28 Jul, 2013 12:00am
SZABIST awarded highest ranking

SZABIST awarded highest ranking

The Charter Inspection and Evaluation Committee has evaluated the Shaheed Zulfikar Ali Bhutto Institute of Science and Technology and all its programs as "Outstanding" (six stars) and it Mechatronics Program has been evaluated as "World Class" (seven star
Published 28 Jul, 2013 12:00am
Taliban claim responsibility for Parachinar blasts

Taliban claim responsibility for Parachinar blasts

Tehrik-e-Taliban Pakistan has claimed responsibility for two deadly suicide bombings in Kurram Agency, killing 57 people and injuring nearly 200 others. The Taliban bombers used motorcycles to target Shia Muslims in crowded marketplaces in Parachinar just
Published 28 Jul, 2013 12:00am
World Hepatitis Day today: expert speaks about high incidence of disease

World Hepatitis Day today: expert speaks about high incidence of disease

With an estimated over 15 million Pakistanis suffering from hepatitis, 'World Hepatitis Day-2013' is being observed here on Sunday (today) like other parts of the world, to raise awareness of hepatitis, its prevention and treatment. The day is marked ever
Published 28 Jul, 2013 12:00am
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