Thursday, 10 January 2013

LATEST NEWS UPDATE: 11.01.2013



LATEST/BRIEF  NEWS:
PAKISTAN (Brief News):
o    B’stan govt announces 3-day mourning
o   Twin suicide blasts kill toll rises to 85 in Quetta
o   Swat: Tableeghi center blast toll rises to 22
o   Allies vow to continue supporting government
o   Pak-India new visa regime from 15th
o   Religious scholars reject Qadris march
o   Altaf likens his British nationality to Quaid-i-Azams


WOLRD(Brief News):
o   Obama to announce Lew nomination as Treasury chief Thursday
o   Indian rape accused says police tortured him
o   Consumer watchdog tightens mortgage lending rules on banks
o   Morgan Stanley to cut jobs, may signal more pain ahead
o   Richardson says didn't meet detained American on North Korea trip
o   'Lincoln' leads the pack with 12 Oscar nominations
o   Apple's Tim Cook meets with China Mobile chairman in Beijing
o   Obama relying on bigger checks for smaller inauguration party
o   Venezuela's sick Chavez misses own inauguration bash
o   Commuter ferry crash in New York injures 57, one critical
o   Giffords gun control group wants $20 million for 2014 elections
o   Biden says Obama could use executive orders to restrict guns
o   Obama to nominate Lew as Treasury chief on Thursday
o   Fund titans Loeb, Ackman square off on Herbalife
o   Analysis: Modi's Gujarat growth model might not work across India
o   Venezuela's top court endorses Chavez inauguration delay
o   Freed Iranians arrive in Damascus after prisoner swap
o   As public fumes, AIG says will not sue U.S. over bailout
o   Exclusive: BlackRock to buy Credit Suisse's European ETFs - source
o   Boeing top engineer says he's confident 787 is safe
o   As public fumes, AIG says will not sue U.S. over bailout
o   Nasdaq CEO says would definitely consider Euronext
o   Boeing Dreamliner incidents raise safety concerns
o   Swiss bank UBS battles against culture of arrogance
o   U.N. envoy says 40 years of Assad family rule is "too long"
o   South Africa police fire rubber bullets at farm worker protest
o   Google drops key patent claims against Microsoft
o   Boeing Dreamliner incidents raise safety concerns
o   Preacher alarms many in Egypt with calls for Islamist vice police
o   India lashes Pakistan after deadly Kashmir encounter
o   Historic old Jeddah awaits life-saving restoration
o   Freed Iranian hostages arrive at hotel in Damascus
WOLRD BUSINESS(Brief News):
o   France calls for report on tax-dodging by multinationals
o   Spanish auction boosts euro, market awaits ECB rate decision
o   Ex UBS boss denies negligence over rate rigging
o   GM's Opel has no plans to shut more factories at moment: CEO
o   GM says Opel not up for sale
o   Burundi inflation rises slightly to 11.8 pct in December
o   S.Africa manufacturing up 3.4 percent y/y in November
o   Bank of England to start 2013 on sidelines as economy scrapes by
o   Rwanda urban inflation falls to 3.88 pct in December
o   Angola consumer inflation slows to 9.02 pct in December
o   Egypt's Suez Canal revenue rises to $424.6 mln in Dec
o   China regulator seeking more information on HSBC-Ping An deal
o   Italy banks cut loans to business, bad debts up
o   Audi says 2012 deliveries rise 11.7 percent to record 1.45 million
o   China exports rebound but 2013 outlook remains murky
o   Stock index futures point to second day of gains
Business News:

Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.27
S.Arabia         26.20
U.K                 157.41
Japan              1.1158
Euro               128.25
U.A.E             26.76


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 53,228
Silver Tezabi                Rs 972.85

Thu, 10 Jan 2013

-
Karachi Stock Exchange closes lower; rupee firm
KARACHI: Capital market closed lower on Thursday as traders expressed worry over the potential impact of a politic

-
Lenovo entering ''PC plus'' era, CEO says
LAS VEGAS: China s Lenovo Group Ltd, on track to become the world s No.1 personal computer maker, is leveraging on

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Pakistan''s liquid foreign reserves at over $13bn
KARACHI: The total liquid foreign reserves held by the country stood at $ 13,558.8 million on January 4, 2013, sai

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Workers remittances up by 12.51pc to reach $7.11bn
KARACHI: The overseas Pakistani workers remitted an amount of $ 7,116.70 million in the first half (July-December)

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Asian markets rise on upbeat China trade data
HONG KONG: Asian markets climbed on Thursday after China released better-than-expected trade data that provide fur

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China economy to overtake US by 2019: state research
BEIJING: China will overtake the United States economically within six years, an official research institute predi

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Oil prices down in Asian trade
SINGAPORE: Oil prices fell in Asian trade Wednesday on lingering concerns over the US economy despite better-than-

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Asian markets rebound, weaker yen lifts Nikkei
HONG KONG: Asian markets mostly rose on Wednesday following recent losses despite a fall on Wall Street at the sta

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Intel unveils smartphone push in emerging markets
LAS VEGAS: Intel said Monday it would step up efforts to make chips for smartphones and other mobile devices by ta

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Yen bounces back in Asian trade
ises fro

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Oil prices edge up in quiet Asian trade
SINGAPORE: Oil prices edged up in Asia on Tuesday, but trade was subdued as dealers waited for clearer signals on

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Asian markets fall, dealers seek fresh impetus
HONG KONG: Asian markets were mostly lower Tuesday following losses in New York as dealers took profits from recen

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Two-day CNG closure in Sindh from today
KARACHI: The gas supply to the CNG stations in Sindh would remain suspended for two days from 8:00 am today, Geo N

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Handset makers scurry to join Year of the Phablet
SINGAPORE/HONG KONG: Call it phablet, phonelet, tweener or super smartphone, but the clunky mobile phone - closer

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KSE loses 146 points over political uncertainty
KARACHI: Stocks closed lower on Monday as political uncertainty caused investors to trim their positions at local


MOHAMMED SALEEM MANSOORI

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