Wednesday 31 October 2012

LATEST NEWS UPDATE: 01.11.2012



Pakistan’s Imran Khan ‘welcome’ in US: Mark Toner
WASHINGTON: Pakistani cricketer turned politician Imran Khan “is welcome” in the United States even though he was briefly held by US immigration agents in Canada, a US official said on Wednesday.
“We are aware that he was detained briefly in Toronto before boarding his flight to the United States,” acting State Department spokesman Mark Toner told reporters when asked about Khan’s questioning last week.
But he disputed allegations that Khan was held and interrogated for hours as he tried to board a New York-bound plane from the Canadian city.
Khan is the leader of the Pakistan Tehrik-i-Insaaf party (PTI) and has campaigned for an end to US drone strikes against suspected Taliban and al Qaeda militants in Pakistan’s tribal areas.
“My understanding is that the issue was quickly resolved and that Khan traveled into the United States, and certainly he is welcome in the United States,” Toner said.
Khan was headed to New York to attend a fundraiser organised by his party.
“I was taken off from plane and interrogated by US Immigration in Canada on my views on drones. My stance is known. Drone attacks must stop,” he wrote on Twitter.
Khan argues drone strikes are illegal and counterproductive and earlier this month he led thousands of supporters — and a group of American peace activists — on a march to the edge of Pakistan’s restive tribal districts to protest them.
Toner said he did not know “the specifics” of why Khan was held, but added: “I would just say that we certainly don’t want any legitimate traveler delayed for no reason.”

LATEST/BRIEF  NEWS:

PAKISTAN








o   Imran Khan sees a new Pakistan next year
o   Mian Israr-ul-Haq elected SCBA president
o   NAB summons 3 former generals
o   Nine including 2 police killed in Karachi violence
o   Two more bodies recovered as Karachi violence goes on
o   At least 207 Karachiites killed during October
o   UK court rejects legal challenge by US-held Pakistani
o   US rejects Jamaat-ud-Dawa''s offer of storm aid
o   Prime Minister Raja Pervez Ashraf has said the government is committed to hold free, fair and transparent general election as it would further help strengthen democracy in the country.
o   President Asif Ali Zardari has said the proposed Zulfikar Abad city should be a model both in respect of accommodation and employment generation.
o    Pak-India visa pact gets nod

WOLRD:
o   Northeast back to business after Sandy's hard hit
o   In hurricane, Twitter proves a lifeline despite pranksters
o   Climate and cost concerns mount in wake of "superstorm"
o   Barclays takes action on staff after Libor probe
o   GM posts profit, sees break even in Europe by mid-decade
o   Russia's election Magician pans "undemocratic" U.S. vote
o   Analysis: Investment sponges for a growth-saturated world
o   Obama, Romney put aside campaign for storm relief - for now
o   Afghanistan presidential election set for April 2014
o   Hong Kong named top financial center for second year
o   News Corp seals $2.1 billion Australia pay-TV deal
o   Disney to buy "Star Wars" producer for $4.05 billion
o   Superstorm Sandy cuts power to 8.1 million homes
o   Barclays hit by fresh U.S. investigations
o   Hurricane Sandy losses may be triple those of Irene
o   Obama, FEMA hustle federal disaster relief to Sandy's aftermath
o   Romney sticks to storm relief script at Ohio event
o   For Chris Christie, a Jersey shore drama that's also political
o   Race is tied, but most think Obama will win: Reuters/Ipsos poll
o   Disney to buy "Star Wars" producer for $4.05 billion
o   U.S. and EU push for progress in troubled Balkans
o   East Coast crippled by massive storm, death toll climbs
o   Greek government gets key backing to pass reforms
o   UBS to cut 10,000 jobs in fixed income retreat
o   Iran pulls back from nuclear bomb goal: Israeli defense minister
o   Obama and Christie make unlikely traveling companions
o   Obama to travel to New Jersey Wednesday to view storm damage
o   Obama says storm not yet over, government to aid local authorities
o   Obama cancels campaign trip, will view storm damage
o   Netanyahu says strike on Iran would be good for Arabs
o   Tidal surge on river floods three New Jersey towns
o   Washington D.C. escapes worst of storm Sandy
o   Syrian air force on offensive after failed truce
o   Home prices climb further in August
o   U.S. companies hustle to re-staff, reopen after Sandy
o   Sandy leaves unprecedented challenges for New York City subways
o   New Jersey PATH train likely out for at least a week: Governor
o   Sandy strikes in Canada too, far from storm's center
o   Greek journalists strike over suspension of presenters
o   Hurricane Sandy disrupts Northeast U.S. telecom networks

Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.76
S.Arabia         25.80
U.K                 155.63
Japan              1.2155
Euro               125.40
U.A.E              26.34


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 52,971
Silver Tezabi                 Rs 934.28












Wed, 31 Oct 2012

-
US markets reopen after two-day shutdown
NEW YORK: US stock markets reopened Wednesday after a historic two-day closure forced by
 superstorm Sandy, which c

-
US dollar touches Rs96 in open market
According to currency dealers, despit

-
Dollar weakens in Asian trade
TOKYO: The dollar lost ground in Asian trade Wednesday following the Bank of Japan s latest
 easing measures and a

-
Crude mixed in aftermath of superstorm Sandy
SINGAPORE: Oil prices were mixed in Asia on Wednesday as traders reviewed damage along the
US East Coast caused by

-
US stock markets to reopen on Wednesday after storm
NEW YORK: Major US stock exchanges expect to reopen on Wednesday after Sandy, the worst
storm to hit New York in n

-
No change in CNG rates till new formula: OGRA
ISLAMABAD: Chairman Oil and Gas Regulatory Authority (OGRA) Tuesday said the prices of
Compressed Natural Gas (CNG

-
24-hr CNG pumps closure from Wednesday
KARACHI: The pumping stations of Compressed Natural Gas (CNG) will remain closed for
24 hours across the Sindh pro

-
NAB gives Turkish RPP a clean exit
KARACHI:In what appeared to be a generous move, the National Accountability Bureau (NAB),
 Pakistan s premier anti-

-
Hurricane Sandy threatens $20 billion in economic damage
WASHINGTON: Hurricane Sandy may cause as much as $20 billion in economic damage and
losses as the biggest Atlantic

-
Oil extends losses as storm lashes US east coast
SINGAPORE: Oil extended losses in Asian trade on Tuesday as mega-storm Sandy tore through
the eastern coast of the

-
Dollar holds firm ahead of BoJ announcement
TOKYO: The dollar held firm against the yen in Asian trade on Tuesday as the market awaited
policy announcements b

-
No slash in transport fares, despite CNG price cut
FAISALABAD: The Supreme Court s Eid gift to the general public has been stolen by the
transporters, as the transpo

-
Dollar stays below 80 yen ahead of BoJ meeting
TOKYO: The dollar traded below 80 yen in Asia on Monday ahead of a meeting of the
Bank of Japan which was expected

-
Crude down in Asia as hurricane threatens US east coast
SINGAPORE: Oil prices fell in Asia Monday as US refineries cut crude production in
anticipation of a plunge in energy

-
Asian markets mostly higher after US growth
HONG KONG: Asian markets mostly rose on Monday following better-than-expected
US growth data, although gains were

MOHAMMED SALEEM MANSOORI

Tuesday 30 October 2012

LATEST NEWS UPDATE: 31.10.2012



Sandy’s death toll climbs; millions without power 
NEW YORK: The misery of superstorm Sandy’s devastation grew Tuesday as millions along the US East Coast faced life without power or mass transit for days, and huge swaths of New York City remained eerily quiet.
The US death toll climbed to at least 48, many of the victims killed by falling trees, and rescue work continued.
The storm that made landfall in New Jersey on Monday evening with hurricane force cut power to more than 8.2 million across the East and put the presidential campaign on hold just one week before Election Day.
New York was among the hardest hit, with its financial heart closed for a second day. The storm caused the worst damage in the 108-year history of the city’s subway system, and New York City Mayor Michael Bloomberg said it could be four or five days before the biggest US transit system was running again.
“This was a devastating storm, maybe the worst that we have ever experienced,” Bloomberg said.
But the full extent of the damage in New Jersey was being revealed as morning arrived. Emergency crews fanned out to rescue hundreds.
A hoarse-voiced New Jersey Gov Chris Christie gave bleak news at a morning news conference: Seaside rail lines washed away. No safe place on the state’s barrier islands for him to land.
Parts of the coast still under water. “It is beyond anything I thought I’d ever see,” he said. “It is a devastating sight right now.”
The death toll from Sandy in the US included several killed by falling trees. Sandy killed 18 people in New York City. It also killed 69 people in the Caribbean before making its way up the Eastern Seaboard.
Airlines canceled more than 15,000 flights. New York City’s three major airports remained closed.
Some bridges into the city reopened at midday, but most major tunnels and bridges remained closed, as were schools and Broadway theaters.
The storm sent a nearly 14-foot surge of seawater, a record, coursing over Lower Manhattan’s seawalls and highways and into low-lying streets.
The water inundated tunnels, subway stations and the electrical system that powers Wall Street and sent hospital patients and tourists scrambling for safety. Skyscrapers swayed and creaked in winds that partially toppled a crane 74 stories above Midtown.
A large tanker ship ran aground on the city’s Staten Island.
Around midday, Sandy was about 120 miles east of Pittsburgh in Pennsylvania, pushing westward with winds of 45 mph,and was expected to make a turn into New York State on Tuesday night.
Although weakening as it goes, the storm will continue to bring heavy rain and flooding, said Daniel Brown of the National Hurricane Center in Miami. Sandy also brought blizzard conditions to West Virginia and neighboring Appalachian states, with more than 2 feet of snow expected in some places.
Sandy will end up causing about $20 billion in property damage and $10 billion to $30 billion more in lost business, making it one of the costliest natural disasters on record in the US, according to IHS Global Insight, a forecasting firm.
President Barack Obama declared a major disaster in New York and Long Island, making federal funding available to residents of the area. He suspended campaigning for a third day Wednesday, and planned to join Christie in viewing the damage in New Jersey.
Obama, speaking during a stop Tuesday at Red Cross headquarters, warned the public that the massive storm that struck the East Coast “is not yet over.”
He said there were still risks of flooding and downed power lines. He called the storm “eartbreaking for the nation.”
The president offered his thoughts and prayers to those affected and told them “America is with you.” He said he also told government officials coordinating the response that there was “no excuse for inaction.”
And he said he told governors in affected areas that if they get no for an answer, “they can call me personally at the White House.”
Republican challenger Mitt Romney resumed his campaign, but with plans to turn a political rally in Ohio into a “storm relief event.”
Water cascaded into the gaping, unfinished construction pit at the World Trade Center, and the New York Stock Exchange was closed for a second day, the first time that has happened because of weather since the Blizzard of 1888. The NYSE said it will reopen on Wednesday.
A fire raged in a neighborhood Tuesday morning in the borough of Queens, near the Atlantic Ocean, with 80 to 100 homes destroyed but no deaths reported.
“This will be one for the record books,” said John Miksad, senior vice president for electric operations at Consolidated Edison, which had more than 670,000 customers without power in and around New York City.
In New Jersey, where the superstorm came ashore, Sandy cut off barrier islands, swept houses from their foundations and washed amusement pier rides into the ocean. It also wrecked several boardwalks up and down the coast, tearing away roofs and caused extensive damage to casinos.
Superstorm Sandy forced three nuclear reactors to close by playing havoc with cooling water and electrical lines, but the nuclear industry took the pounding without suffering a major problem.

LATEST/BRIEF  NEWS:

PAKISTAN









o   Pakistan cleared to tour India: BCCI
o   Sandy: Obama declares 'major disaster'
o   Expats should be given right to vote: CJ
o   PIA flight with 318 pilgrims arrives Khi
o   SC resumes hearing Karachi unrest case
o   PM Ashraf to chair cabinet meeting today
o   Karachi traders concerned over security plan for Old area
o   Interim govt to take over on March 19


WOLRD:
  • New York City floods as Sandy slams into eastern U.S.
  • NYSE to test new plan; trading floor undamaged by storm
  • ConEd cuts power to part of Lower Manhattan due to Sandy
  • Insight: A giant storm and the struggle over closing Wall Street
  • UBS to slash 10,000 jobs in fixed income retreat
  • Possible levee break in New Jersey floods three towns
  • Ford posts better-than-expected Q3 profit
  • Fear, mistrust grip Myanmar's volatile Rakhine region
  • U.S. nuclear plant declares "alert" after Sandy storm surge: NRC
  • Japan seeks exemption on U.S. sanctions on Iran-Nikkei
  • Sandy complicates final stretch of tense U.S. presidential race
  • Economy may skirt direct hit from Hurricane Sandy
  • Obama, Romney curtail campaign events in face of hurricane
  • China October official PMI set to confirm recovery trend
  • Exclusive: JDA Software on the block - sources
  • As election, Sandy draw near, pressure mounts on disaster chief
  • Apple software, retail chiefs out in overhaul
  • UBS set to exit fixed income, fire 10,000 bankers
  • Crew rescued from HMS Bounty as hurricane rages; captain missing
  • Meningitis outbreak spreads to 19 states with case in Rhode Island
  • Google unveils first 10-inch Nexus tablet
  • Air strikes, car bombs wreck last day of Syria "truce"
  • Economy may skirt direct hit from Hurricane Sandy
  • Storm Sandy makes landfall on New Jersey coast: U.S. National Hurricane Center
  • Meningitis outbreak spreads to 19 states with case in Rhode Island
  • Apple software, retail chiefs out in sweeping overhaul
  • Hurricane Sandy on verge of New Jersey landfall
  • Storm Sandy about to make landfall on New Jersey coast: U.S. National Hurricane Center
  • Crew rescued from HMS Bounty in path of hurricane; captain missing
  • Barclays Libor case to go to trial
  • Sandy heads toward Cape May, New Jersey: National Hurricane Center
  • Consumer spending picks up, but savings a worry
  • Random House and Penguin merge to take on Amazon, Apple
  • Obama urges resolve, patience in face of hurricane
  • Hurricane Sandy to make landfall early Monday evening: NHC
  • Supreme Court accepts PPL appeal in British tax case
  • Storm damages crops in Haiti, fueling food price woes
  • Residents blocked from returning to captured Libyan town
  • Mexican city battered by drug gangs feels lure of truce
  • Petronas, Progress extend closing date on proposed deal
  • UBS to slash 10,000 jobs in fixed income retreat
  • UBS India investment banking head resigns
  • German joblessness rises as euro zone crisis bites
  • Banks in funding scheme represent 80 pct of lending - BoE
  • Fuel supplies should recover fast post-Sandy: BP
  • Strike-hit Lonmin to raise $800 mln for recovery
  • Ford posts better-than-expected Q3 profit
  • French minister urges euro zone to start pooling debt
  • Instant View: Euro zone sentiment eases less than expected in Oct
  • Euro zone sentiment eases less than expected in October
  • Portugal PM calls for deep state reform to beat crisis
  • Exclusive: UAE's Dana Gas won't pay bond on maturity - sources
  • Canada leading indicator rises 0.2 pct in September
  • Orascom Telecom considers sale of African units
  • Stock index futures edge lower; cash indexes shut
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.66
S.Arabia         25.77
U.K                 154.98
Japan              1.2108
Euro               124.78
U.A.E             26.32


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 52,800
Silver Tezabi                Rs 934.28


Wed, 31 Oct 2012

-
Crude mixed in aftermath of superstorm Sandy
SINGAPORE: Oil prices were mixed in Asia on Wednesday as traders reviewed damage along the US East Coast caused by

-
Dollar weakens in Asian trade
TOKYO: The dollar lost ground in Asian trade Wednesday following the Bank of Japan s latest easing measures and a

-
US stock markets to reopen on Wednesday after storm
NEW YORK: Major US stock exchanges expect to reopen on Wednesday after Sandy, the worst storm to hit New York in n

-
No change in CNG rates till new formula: OGRA
ISLAMABAD: Chairman Oil and Gas Regulatory Authority (OGRA) Tuesday said the prices of Compressed Natural Gas (CNG

-
24-hr CNG pumps closure from Wednesday
KARACHI: The pumping stations of Compressed Natural Gas (CNG) will remain closed for 24 hours across the Sindh pro

-
NAB gives Turkish RPP a clean exit
KARACHI:In what appeared to be a generous move, the National Accountability Bureau (NAB), Pakistan s premier anti-

-
Hurricane Sandy threatens $20 billion in economic damage
WASHINGTON: Hurricane Sandy may cause as much as $20 billion in economic damage and losses as the biggest Atlantic

-
Oil extends losses as storm lashes US east coast
SINGAPORE: Oil extended losses in Asian trade on Tuesday as mega-storm Sandy tore through the eastern coast of the

-
Dollar holds firm ahead of BoJ announcement
TOKYO: The dollar held firm against the yen in Asian trade on Tuesday as the market awaited policy announcements b

-
No slash in transport fares, despite CNG price cut
ranspo

-
Dollar stays below 80 yen ahead of BoJ meeting
TOKYO: The dollar traded below 80 yen in Asia on Monday ahead of a meeting of the Bank of Japan which was expected

-
Crude down in Asia as hurricane threatens US east coast
SINGAPORE: Oil prices fell in Asia Monday as US refineries cut crude production in anticipation of a plunge in ene

-
Asian markets mostly higher after US growth
HONG KONG: Asian markets mostly rose on Monday following better-than-expected US growth data, although gains were

-
Gadgets add complexity to brutal bank layoffs
LONDON: In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and bruta

-
KCCI postpones strike till November 30
KARACHI: The Karachi Chambers of Commerce and Industry (KCCI) has postponed its strike against extortion till Nove














MOHAMMED SALEEM MANSOORI