Karachi grinds to a halt after fatal blasts Asia Times | By Syed Fazl-e-Haider | KARACHI, Pakistan - Business in Karachi, Pakistan's commercial capital, ground to a halt at the weekend after at least 33 people were killed and over 100 injured in two explosions on Friday. The city of 18 million people houses the main stock exchange, central bank and offi...
Dubai developer ETA to focus on India projects The Guardian * Plans new project in India in 2010, phase 1 worth $250 mln * Plans delivery of Dubai projects worth more than 2 bln aed By Jason Benham DUBAI, Feb 2 (Reuters) - Dubai-based developer ETA Star Property will launch the first phase of a project worth $250 million, in India in 2010, as it increases it...
Russia, Sri Lanka sign loan agreement RBC News | RBC, 08.02.2010, Moscow 18:44:47.Russia is expected to extend a 10-year loan worth $300m to the Democratic Socialist Republic of Sri Lanka for the purchase of Russian military equipment. Deputy Finance Minister D...
India will double trade with Arab world to $230 billion Deccan Herald New Delhi, Feb 8, DHNS: | India, on Monday, hoped that its two-way trade with Arab world would double to $230 billion by 2014 from the current level of $114 billion. | Inaugurating the 2nd India-Arab Investment Projects Conclave under the aegis of Fi...
India growth points to rate rise, less stimulus The Guardian (Adds details throughout) NEW DELHI, Feb 8 (Reuters) - India said on Monday its economy would grow 7.2 percent this fiscal year, picking up from a six-year low the previous year and underlining expectations that the central bank will raise rates in c...
Pakistan's Soneri Bank says eyes RBS Pakistan The Guardian KARACHI, Feb 8 (Reuters) - Pakistan's Soneri Bank (SBL) said on Monday it is interested in buying the local operations of Royal Bank of Scotland . Pakistan's MCB Bank had agreed last August to buy virtually all of RBS Pakistan shares for about $87 mi...
AP / Rajesh Nirgude
India Raises Banks' Reserve Requirements The New York Times | NEW DELHI - Hoping to tamp down inflation without stalling economic recovery, the Indian central bank acted cautiously on Friday by increasing banks' reserve requirements but lea...
Don't Let Inflation Pick Your Pocket Wall Street Journal By SHEFALI ANAND | Are you protected against the menace of rising inflation? | You don't need to be an avid reader of financial news to know that the rising prices of food and serv...
Human trafficking, Afghan style National Post By Heidi Kingstone, National PostJanuary 27, 2010 12:00 AM | For several months, U.K.-based journalist Heidi Kingstone has been touring Afghanistan, talking with aid workers,...
10.94-pt loss pang hits Nepal Stock Exchange The Himalayan | KATHMANDU: Nepal Stock Exchange (Nepse) dipped to 501.40 points losing 10.94 points this week -- from January 28 to February 4. Nepse is in bearish trend since September. A further plunge is expected as the regulating agency is silent. | Nepse will...
India farm outlook brightens, food prices to dip-PM The Guardian * Indian PM sees higher farm output than previous estimates * Says economy to grow 7.5 pct in 2009/10 * Winter rain, grain stocks augur well for price stability * Govt to issue latest crop estimates next week. By Devidutta Tripathy and Himangshu Watt...
Market strength tempts India back into M&A fray DNA India | Mumbai: In 2007, Indian firms made $22.6 billion of overseas buys, not far behind China's haul. Outbound M&A last year was just $1.3 billion, while China spent $42.7 billion. | Now, India Inc is back on the overseas acquisition trail, but m...
French Prez involved in 1990s political funding scandal? Zeenews Paris: French President Nicolas Sarkozy is being accused of being "at the heart" of a political scandal involving claims that 11 French submarine engineers were murdered in Karachi to punish France for failing to pay secret arms contract "commissions" to senior Pakistani officials. | Although the May 2002 bomb attack was blamed on al Qaeda terroris...
