DAILY BUSINESS NEWS UPDATE: 04.10.2011

Gunmen kill 12 people in Quetta

QUETTA: Gunmen opened fire on Shia Muslims traveling through southwestern Pakistan on Tuesday, killing 12 people and wounding six others in the latest apparent sectarian attack to plague the country, police said.
The gunmen who attacked Tuesday were riding on motorbikes and stopped a bus carrying mostly Shia Muslims who were headed to work at a vegetable market on the outskirts of Quetta, said police official Hamid Shakeel.
The attackers forced the people off the bus, made them stand in a line and then opened fire, said Shakeel.
The dead included 11 Shias and one Sunni, he said. The wounded included four Shias and two Sunnis.
Local TV footage showed relatives wailing at the hospital where the dead and wounded were brought. One relative hugged a wounded man as another walked by, his clothes soaked with blood.
Angry men blocked the main highway on the outskirts of Quetta to protest the killings and set fire to the bus that took the dead and wounded to the hospital.

Business News

Tue, 4 October 2011 - Global markets, lenders slip on Greece The gloomy news from Athens brought the specter of a debt default closer and weighed on talks amon - Wall St hits 13-mth low on Europe woes Investors pegged losses to the sharp fall in Franco-Belgian financial group Dexia, which fell 10 percent after a Moody"s warning about its liquidit - KSE-100 index loses 53...72 points The KSE benchmark 100-share index fell 0...46 percent, or 53...72 points, to end at 11,708...25 on turnover of 43...2 milli - No agreement to lease engines from India: GM Railways Speak - Indian support in WTO to benefit Pakistan: Fahim Fahim said India - Multan region faces CNG closure Following the gas load management program, total 106 gas stations have been shut down in the entire region including Vihari, Khanewal, Muzaffargarh, Dera Ghazi Khan, Layya - Hong Kong stocks plunge 4...95 percent at noon Athens said on Sunday that Greece"s budget deficit will h - Euro falls further amid risk aversion - Crude follows Asia bourses down as US dollar rises Asian equities l - Protestors declare war on Wall Street Police issued more than 700 summonses on Saturday to members of the Occupy Wall Street movement who, despite multiple warnings,

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Mohammed Saleem Mansoori