Wednesday 17 April 2013

LATEST NEWS UPDATE: 18.04.2013



Latest News in Brief

60-70 dead, hundreds hurt in Texas plant explosion
CHICAGO: Some 60 to 70 people were killed and hundreds were injured by an explosion at a fertilizer plant outside Waco, Texas, local media reported, citing the local emergency manager.
The report could not be immediately verified by AFP, but KWTX television cited West Emergency Management Services Director George Smith as confirming the death toll.
The explosion comes as the United States was on edge as it pieces through deadly explosions that hit the Boston marathon on Monday, followed by letters, apparently poisoned with ricin, sent to President Barack Obama and a US senator.
Firefighters responding to the scene in West were also injured in a secondary blast, according to radio traffic by emergency managers being broadcast by CBS News.
"There has been an explosion on the fire scene, there are firefighters down at this time," a dispatcher said.
A man on the scene reported that "the restroom is severely damaged we have many people down."
Firefighters also said they were setting up a triage unit at an apartment building where people were trapped.
The explosion at the West Fertilizer plant occurred just before 8:00 pm (0100 GMT), Waco Assistant Fire Chief Don Yeager told.
The cause was not immediately known but he said it was a anhydrous ammonia explosion.
Fire departments from nearby jurisdictions rushed to the scene in the small town of West, north of Waco, where the blast was so powerful that it knocked down some nearby buildings, and set fire to others.
"An explosion has ignited adjacent structures to the plant," Yeager said.
The injured were being rushed to local hospitals.
Neighbors told local media that their windows were blown out by the force of the explosion.
BRIEF: (PAKISTAN)
o   ECP to issue final list of candidates on Friday
o   Nawaz-League awards party tickets in Punjab
o   Nawaz for level playing field for all in election
o   Election 2013: MQM announces candidates
o   MQM finalizes candidates from Hyderabad
o   Three bodies found in Karachi
o   Pakistan bids to host Cricket World Cup 2018
o   Judges detention case: Musharraf arrives in IHC for pre-arrest bail
o   PTI announces candidates for Karachi NA seats
o   Candidates may withdraw nomination papers today
o   SECP reviews BTU rules to develop capital market
o   Pakistan to miss 4.2pc growth target:IMF
o   Guru hanging abuse of judicial process: Zardari

WOLRD(Brief News):
o   Boston bomb probe looking at pressure cooker, backpacks
o   Funeral of Iron Lady Thatcher starts after London procession
o   Bank of America quarterly profit quadruples but revenue falls
o   WHO says no poultry contact in some China bird flu cases
o   Putin foe Navalny defiant as trial opens in Russia
o   Preliminary tests show deadly poison in letter to Senator
o   Growth fears hit shares and oil, gold stable
o   Central bank stimulus under the spotlight at IMF, G20
o   Tesco quits U.S. and takes $3.5 billion global writedown
o   Capriles distances himself from violent protests in Venezuela
o   Suu Kyi says Myanmar's Muslims must be made to feel secure
o   Exclusive: Cerberus founder explores bid for Bushmaster gunmaker
o   Senate backers of expanded gun background checks scramble for votes
o   Obama endorses bipartisan immigration overhaul
o   Intel foresees second quarter sales decline as PC market shrinks
o   Court temporarily blocks Penney from selling Martha Stewart goods
o   As global price slumps, "Abenomics" risks drive Japan gold bugs
o   Plea deal talks under way for U.S. soldier accused in Iraq killings: lawyer
o   Venezuela accuses opposition of plotting coup, seven dead
o   Pakistan bears brunt of Iranian earthquake, 35 killed
o   Boston Marathon bombs believed carried in dark, heavy bags
o   Senate backers of expanded gun background checks scramble for votes
o   Congo army battalion accused of mass rape U.S. trained: U.N. envoy
o   Court OKs Lehman settlements to free up $15 billion for customers
o   Obama endorses bipartisan U.S. immigration overhaul
o   Envelope sent to senator said to test positive for ricin
o   Icahn agrees to limit Dell stake, can team up on bid
o   IMF trims global growth forecast, sees bumpy recovery
o   Senators unveil immigration reform bill
WOLRD BUSINESS(Brief News):
o    Stock futures fall as commodities, earnings weigh
o    Mauritius to re-open 5-year Treasury bond
o    Mining investor IMIC prepares move for Afferro
o    Bank of America quarterly profit quadruples but revenue falls
o    BNY Mellon revenue falls 1 percent; tax case triggers loss
o    Cost cuts, American Girl help Mattel beat expectations
o    Ugandan shilling falls due to demand for dollars
o    S.Africa's February retail sales growth quickens to 3.8 pct y/y
o    Nomura seizure order meant to stem Monte Paschi losses: document
o    BOJ official: mulling increasing frequency of JGB purchases
o    Growth fears hit Europe stocks and oil, gold recovers
o    Liberty Global preparing Kabel Deutschland bid: report
o    GM's Opel board meets to seal fate of German plant
Business News:
Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.28
S.Arabia         26.47
U.K                 152.47
Japan              1.0113
Euro               130.79
U.A.E             27.03

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 46,200
Silver Tezabi                Rs 762.85




Wed, 17 Apr 2013

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IMF cuts 2013 world growth forecast to 3.3 percent
WASHINGTON: In its newest assessment of the global economy, the International Monetary Fund said world output woul

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Asian markets mostly bounce after sell-off
HONG KONG: Asian markets mostly rose on Wednesday as a rebound on Wall Street settled nerves after a two-day sell-

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Oil rebounds in Asian trade
SINGAPORE: Oil rebounded in Asian trade Wednesday following better-than-expected industrial production figures fro

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Sindh CNG stations open after 24-hour closure
KARACHI: The CNG stations across Sindh including Karachi reopened on Wednesday morning at 8 am after remaining clo

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Dell, Icahn agree to a share ownership cap
NEW YORK: Dell says a special committee of its board reached a deal with Carl Icahn to cap his share ownership whi

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KSE opens downbeat for the second day
KARACHI: Karachi Stock Exchange (KSE) Tuesday morning was seen carrying over yesterday s profit-taking attitude ac

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Dollar edges up against yen in Asia
TOKYO: The dollar recouped some ground against the yen in Asia on Tuesday, while holding steady against the euro a

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Oil tumbles for second day on slower Chinese growth
SINGAPORE: Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China a

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Tokyo stocks down 1.47pc in opening trade
TOKYO: Tokyo stocks fell 1.47 percent in opening trade on Tuesday after Wall Street plunged on deadly explosions i

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Boston blasts, China data rock US stocks
NEW YORK: Explosions in Boston and disappointing China economic growth rocked US stocks Monday, sending the broad-

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Sindh CNG stations shut down schedule issued for current week
KARACHI: All CNG stations in Sindh will remain closed from 08:00 am on Tuesday April 16, till 08:00 am on Wednesda

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Gold prices see record decline
KARACHI: All Sindh Sarafa Association recorded a Rs 3000 drop in gold prices per tola on Monday, bringing the pric

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Oil down as China''s GDP comes in below expectations
SINGAPORE: Oil prices fell sharply in Asian trade Monday after China s first quarter economic growth came in below

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IMF recognizes Somali government, offers economic advice
WASHINGTON: The International Monetary Fund recognized the government of Somalia Friday, ending a 22-year break in

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US declines to label China currency manipulator
WASHINGTON: The Obama administration on Friday declined to label China a currency manipulator, although it said th








MOHAMMED SALEEM MANSOORI

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