Wednesday 10 August 2011

DAILY NEWS IN BRIEF: 11.08.2011


5 Killed in Peshawar Blast.
PESHAWAR: A planted bomb targeting a police van in Peshawar killed four policemen and a child on Thursday, officials said.
"At least four policemen and a schoolchild have been killed in the attack," said Muhammad Faisal, a senior police official in the area.
He said that 18 other policemen are injured.
Local police officials said that the improvised explosive device was hidden in a handcart parked at the roadside near the Lahori Gate area.
"The police van was carrying 20 policemen," said Imtiaz Shah, another police official, adding the vehicle was wrecked in the blast and a group of schoolboys were at the site when the bomb exploded.
"A 12-year-old boy has also been killed in the incident," he said.




























Business News

Wed, 10 August 2011

- KSE goes after global rally
Analy

- Crude rises in Asia in line with Asian equities
Brent North Sea crude

- Cooking oil, ghee prices decrease by Rs3
of the Karachi Retail Grocers Group, Fareed Qureshi said that in the local market, the wholesale price of 16 kilograms of ghee is Rs2,480

- Asian stocks bounce back on Fed announcement
Markets in the US jumped after a dovish Fed admitted economic growth this year had been "considerably slower" than expected, and indicated inflation fears had eased.

- Gold touches historic highs; reaches Rs 57,000/tola
Ac

- KSE 100-index ends at near 9-mth low
Stocks fell more than3.2 percent and ended at an almost nine-month low, taking a cue from world

- closure affects commuters
The situation was worse at city routes wh

- Asian stocks slump, gold price hikes
U.S. and European countries yesterday's sinking stock markets have taken Asian markets also today in their grip, while the gold and silver upward rush persiste

- Dollar falls further against yen
The greenback dropped to 77.38 yen in Tokyo morning trade from 77.68 yen in New York late Monday. The euro, under pressure due to the European

- Oil sinks in Asian trade, WTI below $80
New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in September shed $3.53, or 4.34 percent, to $77.78 per barrel at 0400


BRIEF NEWS:
 US drone strike kills 21Haqqani fighters in NWA
 5 more killed in Karachi Violence
 2 more bullet-riddled bodies found in Turbat
 US kills Taliban members who shot down helicopter


Mohammed Saleem Mansoori

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