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Thursday, 25 October 2012

LATEST NEWS UPDATE: 25.10.2012



SC resumes Karachi law and order case
KARACHI: The Supreme Court on Wednesday resumed the hearing in the Karachi law and order case, DawnNews reported.
A five-member larger bench, headed by Justice Anwer Zaheer Jamali, was hearing the case.
Earlier on Tuesday, the bench had rejected  the Sindh Government’s progress report on implementation of the apex court’s order in the suo motu case on Karachi killings.
The bench had observed that the city’s security situation would have been much better and the court would not have had to rehear the case if its order had been implemented in letter and spirit.
The bench had also expressed its displeasure over the delayed submission of the report.
Last year, the Supreme Court had given its detao;ed order in the case after the chief justice had taken suo motu action on the security situation in the city.

LATEST/BRIEF  NEWS:

PAKISTAN







o   Musharraf issued notice in drone case
o   Two more killed in Karachi violence
o   Businessmen not safe in Karachi: SC
o   US company offers to invest in Pakistan’s energy sector
o   Zardari likely to quit PPP office in November
o   Asghar Khan case ruling unacceptable to ex-Army Chief Aslam Beg
o   Asghar Khan ruling: Abida Hussain first to return money
o   Malala remains in stable condition: UK doctors
o   50 Indian railway engines to chug into Pakistan
o    Junaid outflies rivals to land as PIA MD
o   Petrol, CNG prices cannot be linked: CJ
o   Over two million perfom Haj today


WOLRD:
o   Ex-Goldman director Gupta awaits sentence in insider case
o   Ford to close Belgian plant by end-2014
o   NY Times public editor calls into question incoming CEO Thompson
o   "Millennium Bomber" faces re-sentencing in Seattle
o   Syria says army still undecided on ceasefire move
o   AngloGold to fire 12,000 South Africa strikers
o   Germany eyes swift purchase of EADS shares: document
o   White House told of militant claim two hours after Libya attack: emails
o   Apple unwraps mini-iPad to take on Amazon, Google
o   Facebook's mobile surprise allays growth fears
o   Fed to keep buying bonds despite firmer U.S. growth
o   Peugeot gets government rescue as crisis deepens
o   Dow cutting jobs, closing plants as growth slows
o   Explosions, fire at arms factory in Sudan's capital
o   After final debate, Obama says election comes down to trust
o   Obama debate win unlikely to shift race: Reuters/Ipsos poll
o   Al Qaeda goes underground in Yemen against U.S.-driven crackdown
o   Before meningitis outbreak, firm avoided sanctions
o   Italy earthquake verdict will cause "paralysis:" agency
o   Obama holds narrow edge two weeks ahead of election: Reuters/Ipsos poll
o   Facebook mobile revenue grows faster than expected
o   Israel kills three Hamas militants after Qatari emir leaves Gaza
o   Apple unwraps mini-iPad to take on Amazon, Google
o   Explosions, fire at arms factory in Sudan's capital
o   Insight: Village cafe shootout spells trouble for Assad
o   Apple set to unwrap mini-iPad to take on Amazon, Google
o   Car bombs, mortars kill nine in Baghdad Shi'ite districts
o   BBC chief denies cover-up over sexual abuse
o   Exclusive: Turkish gold trade booms to Iran, via Dubai
o   Iran says may stop oil sales if sanctions tighten
o   Obama on attack in foreign policy debate, but Romney steady
o   Latvia sees good and bad as Russian money haven
o   White House: nothing new in Obama's comment on automatic cuts
o   UPS profit drops, shares rise on outlook
o   Ford to close Belgian plant by end-2014
o   Buffett says clear signs of global economic slowing
o   Nasdaq reports lower third-quarter profit
o   China's CNOOC hopeful on Nexen bid; raises FY output goal
o   Rogers Communications adjusted profit rises on growth in wireless segment
o   Mortgage applications slump as borrowing rates rise: MBA
o   Nigeria oil output down 20 pct: officials
o   Teck profit falls 78 percent on lower coal and metal prices
o   AngloGold says to fire 12,000 S.Africa strikers
o   Ghana producer price inflation at 16.8 pct in Sept
o   France hasn't yet asked EU to approve Peugeot state aid: Almunia
o   Encana reports loss on $1.2 billion charge
o   Analysis: Canada's tough stance on foreign buyers won't cut oil growth
o   Peugeot gets government rescue as crisis deepens
o   S.Africa maize stocks at 6.586 mln T in September
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.40
S.Arabia         25.71
U.K                 154.36
Japan              1.2072
Euro               125.84
U.A.E                         26.25


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 52,414
Silver Tezabi                 Rs 917.14






Wed, 24 Oct 2012

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Oil prices rebound in Asia, US data in focus
SINGAPORE: Oil prices rebounded in Asia on Wednesday after slumping in New York, with traders hopeful that US data

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Asian markets edge up in quiet trade
HONG KONG: Asian markets were slightly higher Thursday after the US Federal Reserve said it would keep its loose m

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Euro under pressure in Asia on Spain worries
TOKYO: The euro was under pressure in Asia Wednesday as markets fretted over whether debt-ridden Spain would seek

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Asian markets lower after Wall St tumbles
HONG KONG: Asian markets fell on Wednesday, following big losses on Wall Street after weak reports and forecasts f

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Earning hopes boost KSE; rupee still flat
KARACHI: Local stocks closed higher on Tuesday as expectations of announcements of healthy earnings gave the market

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ECC: summary for monthly POL review not presented
ISLAMABAD: The meeting of Economic Coordination Council (ECC) Tuesday failed to review a proposal seeking revision

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SBP to buy govt. paper in reverse repo
KARACHI: The Central Bank said it would buy government paper from commercial banks on Tuesday in as even-day revered

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Yen under pressure in Asian trade
TOKYO: The yen was under pressure in Asia on Tuesday as the euro and dollar touched multi-month highs against the

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Asian markets mostly up, earnings season in focus
HONG KONG: Asian markets were mostly higher Tuesday but gains were limited as traders took a breather from recent

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Oil up in Asia on bargain hunting
SINGAPORE: Crude rebounded in Asia on Tuesday as traders returned to the market after prices plunged on oil demand

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''CNG rate at 80pc of petrol intolerable''
ISLAMABAD: President All Pakistan Compressed Natural Gas (CNG) Association, Gayas Paracha warned that in case the

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Karachi stocks up; rupee, overnight rates flat
KARACHI: Stocks closed higher on Monday, driven by optimism over upcoming earnings announcements, traders said.br

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Middle East oil disruptions to hit Asia first: IEA
SINGAPORE: Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand s

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Profit-taking sends Asian markets lower
HONG KONG: Asian shares were hit by profit-taking on Monday after last week s healthy gains, while heavy losses on

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Euro mixed in Asian trade
TOKYO: The euro was mixed in Asian trade on Monday after Spanish Prime Minister Mariano Rajoy s right-leaning part












MOHAMMED SALEEM MANSOORI

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