LATEST NEWS UPDATE: 20.12.2012

LATEST/BRIEF  NEWS:

PAKISTAN (Brief News):

o   US immunity for ISI ex-chiefs irks India

o   Polio workers killings 'inexcusable': UN

o   SC gives more time to nab Tauqir Sadiq

o   Political parties to review Karachi delimitation, voter lists

o   Altaf says, he respects all institutions

o   MQMs reaction to contempt

o   MQM demands new census within month

o    EC meeting on new constituencies today

o   Terrorists want to damage countrys image: Kaira

o   Obama Time person of year, Malala second

o   Number of taxpayers shrinks to half in 3 years, Senate told

WOLRD(Brief News):

o   Park claims historic South Korea victory/ Who is Park Geun-hye? o         Ireland looks to change abortion law after woman's death o         Polio workers under attack in Pakistan o        U.N. announces $1.5 billion in aid for Syrian refugees o        Aesha's face tells a new story| Q&A: Afghanistan's future o        Russia may ban adoptions to U.S. o        Pimping probe against Strauss-Kahn to continue in French court o        Study revisits mystery of Egyptian king's killing                   Berlusconi, 76, engaged to 27-year-old                   Israeli PM vows to build in Jerusalem despite criticism Reuters                   Loved and loathed, Park talks tough after Korea poll winReuters                   Venezuelan official suggests Chavez's inauguration could be                    delayedReuters                         Detained Argentine naval ship leaves Ghana Reuters                  Colombian lawmakers approve controversial tax reformReuters                  SKorea's 1st woman leader vows new NKorea effort AP                  Outrage grows in India over gang-rape on bus                  Inquiry harshly criticizes State Department over Benghazi attack                  White House readies gun-control plan as more children laid to                     Rest.                  China detains 500-plus people for doomsday rumors                  Americans to lose right to adopt in Russia                  Latin Americans rank as happiest people on planet                 Around world, massacres have spurred gun control

WOLRD BUSINESS(Brief News):

o   Rising German business morale points to growth rebound

o   Lloyd's of London says it can handle $2.5 billion Sandy loss

o   Telefonica cuts TV prices in Spain in fight to retain customers

o   U.S. budget, growth hopes send shares, euro higher

o   Yield on Mauritius 5-yr Treasury bonds falls to 5.58 pct

o   German electronics lobby sees 2013 output up 1.5 percent

o   JPMorgan to shut Malaysia retail banking operations

o   Societe Generale loses UK court case against fired banker

o   UBS admits fraud in $1.5 billion Libor rigging deal

o   Former Porsche CEO charged with market manipulation

o   Bank of England sees flat output, above-target inflation in 2013: minutes

o   Fitch warns U.S. could lose AAA status if fiscal cliff hits

o   Timeline: Troubles mount at Swiss bank UBS

o   Stock index futures trade flat to higher

o   Norway wealth fund eyes more Africa exposure

Business News:

Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.88

S.Arabia         26.37

U.K                 160.82

Japan              1.1730

Euro               131.00

U.A.E             26.92

BULLION RATES IN RUPEES PER 10 GRAMS

KARACHI

Gold Tezabi (24-ct)          Rs 53,571 Silver Tezabi                     Rs 968.57
Thu, 20 Dec 2012
-	Asian shares slip as US budget talks stall, yen eyes BOJ TOKYO: Asian shares eased on Thursday after rallying to their highest in nearly 17 months the day before, while co
-	Kodak in $525 million patent deal, eyes bankruptcy end NEW YORK: Eastman Kodak Co agreed to sell its digital imaging patents for about $525 million, a key step to bringing
-	Federal Tax Ombudsman denies leaking MPs? tax information ISLAMABAD: The Federal Tax Ombudsman (FTO) on Wednesday said it neither had parliamentarians tax record nor it wa
-	KSE 100-index gains 11 points KARACHI: The Karachi Stock Exchange s (KSE) benchmark 100-index closed at 16,869.83, 0.07 percent higher or 11.15
-	President attends 36th FPCCI awards distribution ceremony KARACHI: The 36th FPCCI Export Trophy Awards distribution ceremony was held here on Wednesday at Governor House wh
-	POL prices likely to be changed ISLAMABAD: The government is likely to cut petrol price by Rs.0.50 and raise diesel price by Rs0.80 per liter , Ge
-	Crude prices up in Asia on US inventory forecasts SINGAPORE: Oil prices rose in thin Asian trade Wednesday, supported by a forecasted fall in US crude supplies, ana
-	Asian shares up on US hopes, Greek upgrade lifts euro HONG KONG: Asian markets were boosted Wednesday as US politicians look to be closing in on a deal to avert the fis
-	World shares at three-month high on US budget deal hopes NEW YORK: Global stocks advanced to their highest levels since September on Tuesday on signs of compromise in U.S.
-	Lumia sell-out no proof of Nokia turnaround e road to recovery after its new Lumia smartphones wer
-	Crude prices rise in Asia on US fiscal hopes SINGAPORE: Oil prices rose in Asia Tuesday, with hopes rising of a US deal to avert  the fiscal cliff after a meeti
-	Yen weak in Asian trade ahead of BoJ meeting TOKYO: The yen weakened in Asian trade on Tuesday as markets look to a Bank of Japan (BoJ) meeting for signs of mo
-	Dollar reaches all time high of Rs99.25 b
-	Asian markets mixed, Tokyo up on election result HONG KONG: Asian markets began Monday mixed on concerns at the lack of progress  in US talks aimed at averting the
-	Crude up in Asia on China demand hopes SINGAPORE: Oil was up in Asia Monday on trader expectations of a hike in Chinese crude demand after a key survey s

MOHAMMED SALEEM MANSOORI