Wednesday, 25 January 2012

DAILY BRIEF NEWS UPDATE: 26.01.2012

Business News

Thu, 26 Jan 2012

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Davos elite confronts crisis of Western capitalism
DAVOS: Leaders of the global business elite were confronted on Wednesday with the fear that the Western model of c

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Rashid Zahir reelected ISE Board chair
ISLAMABAD: Muhammad Rashid Zahir has been re-elected as chairman of the Board of Directors of Islamabad Stock Exch

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Rupee ends flat vs greenback
KARACHI:In the currency market, Wednesday, the rupee ended almost flat at 90.18/23 to the dollar, compared with Tu

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Profit-booking takes toll on KSE 100-Index
KARACHI: Local equities market ended lower on Wednesday as investors booked profits at higher levels, especially i

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Dollar edges up as Japan reports trade deficits
TOKYO: The dollar firmed slightly in Asian trade Wednesday as the yen slipped on official data showing Japan saw a

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Oil prices higher in Asian trade
SINGAPORE: Oil prices were higher in Asian trade Wednesday, on expectations of firm US economic growth and rising

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KSE sheds 46 points, ends at 11,991
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index closed down 0.38 percent, or 46.28 points, at

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Gas closure: Misery continues for Faisalabad industries for 34th day
FAISALABAD: The industrial units in Faisalabad remained shut for more than a month as a result of suspension of ga

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Euro eases against dollar, yen in Asia
TOKYO: The euro eased against major currencies in Asian trade Tuesday as investors monitored events in Europe, dea

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Oil prices mixed in Asian trade
SINGAPORE: Crude prices were mixed in Asian trade Tuesday on rising tensions in the Middle East after the European

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Local stocks lock a 2-month high
KARACHI: Karachi Stock Exchange (KSE) closed on a more than two-month high on Monday, with volume at a one-year hi

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Pak-India talks on Turkmenistan gas project Tuesday
ISLAMABAD: A Pakistan delegation headed by Federal Minister for Petroleum Dr. Asim Hussain has arrived in India to

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Rupee retreats against dollar
KARACHI: In the currency market, Monday, the rupee ended weaker at 90.21/26 to the dollar, compared with Friday s

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Euro slips ahead of finance ministers'' meeting
TOKYO: The euro slipped against the dollar and yen in Asia on Monday as the market awaited a meeting of eurozone f

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Oil prices lower on Europe debt worries
SINGAPORE: Oil prices were lower in Asian trade Monday amid renewed concerns over Europe s ability to deal with it

LATEST/BRIEF NEWS:

·       In custody: After fourth death, court issues notices to ISI, MI
·       he International Monetary Fund has warned that global crude prices could rise by 20 to 30 per cent if Iran halts oil exports as a result of US and European Union sanctions over its nuclear programme
·       President Asif Ali Zardari after two day official visit of Myanmar has now returned to Karachi.
·       The annual session of the World Economic Forum has begun in the Swiss city of Davos. In her opening address Germanys Chancellor Angela Merkel said Europe could remain an economic power only if it deepens its integration.
·       Karachi 8 killings: Lawyers on boycott; Shia strike underway
·       Two more killed; guard dead in police encounter in Karachi
·       Panetta sees Qaeda "still a real threat" to US
·       Obama ignores strained Pak ties
·       US for Pak to abandon Iran gas purchase

Mohammed Saleem Mansoori
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