Pakistan Telegraph
PakistanTelegraph.com Thursday 11th March 2010 Volume 1005/8
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Sri Lanka doing massive deals with ChinaSri Lanka doing massive deals with China
Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...


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BA strike to go ahead after talks failureBA strike to go ahead after talks failure
There has been no agreement reached between British Airways and the Unite...
Defects unable to stop Toyota sales in USDefects unable to stop Toyota sales in US
The US sales of Toyota vehicles declined nearly 9 percent in...
Chrysler takes Volkswagen exec to run FiatChrysler takes Volkswagen exec to run Fiat
The Chrysler Group in the US has named a new executive to head the reintroduction of the Fiat brand to the local...
Wall Street listless after wholesale inventories diveWall Street listless after wholesale inventories dive
U.S. stocks inched up Wednesday after an unexpected fall in wholesale...
Carlos Slim becomes the new Bill GatesCarlos Slim becomes the new Bill Gates
Mexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's...
UK bank has better time in 2009UK bank has better time in 2009
The Northern Rock bank in the UK has announced good progress throughout 2009 as it prepares to be...
Orange County residents can now go direct to the islandsOrange County residents can now go direct to the islands
The John Wayne Airport in Orange County, California has been given permission to once again run flights to and from the Hawaiian...
Russia goes to Argentina for caviar fixRussia goes to Argentina for caviar fix
A Russian company has gone to Argentina to increase its supply of...
Emaar Properties to go ahead with Lombok proposalEmaar Properties to go ahead with Lombok proposal
Gulf company, Emaar Properties, has announced it will restart discussions with the Indonesian government on a project that was postponed during the economic...
Asia free-trade agreements attract AmericansAsia free-trade agreements attract Americans
The United States, in an effort to improve its influence in the Asia-Pacific region, has arranged talks to discuss a proposed Trans-Pacific partnership...
Another Toyota runs away from driverAnother Toyota runs away from driver
A reported runaway Toyota Prius in California has had US safety investigators involved in determining the cause of a terrifying...
Nasdaq crash was ten years ago Nasdaq crash was ten years ago
It is ten years since the dotcom bubble...
Los Angeles County mooted for new Chinese carsLos Angeles County mooted for new Chinese cars
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles...
Irish airline millions of euros downIrish airline millions of euros down
Irish airline, Aer Lingus, has reported a loss for...
Eurotunnel makes profit even with poor economy
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic...
Referendum to pay Britain and Holland will not go aheadReferendum to pay Britain and Holland will not go ahead
Icelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international...
Greek austerity plans given Clinton approvalGreek austerity plans given Clinton approval
US Secretary of State, Hillary Clinton, has met Greek Prime Minister George Papandreou in...
Brazilian sardine industry under protectionBrazilian sardine industry under protection
The Brazilian government has ordered the implementation of a sardine conservation awareness...
February sales up in Chinese passenger carsFebruary sales up in Chinese passenger cars
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive...
Asian Stocks Tick Higher After Us Stays In A Lull
NEW YORK — Asian markets inched higher early Thursday amid mixed economic news and after U.S. stocks closed with small gains following a report that companies cut their inventories. ...
Target Coupons Going Mobile
The scissors-and-paper routine of clipping coupons may not be going the way of the typewriter anytime soon, but more companies are turning to mobile phone coupons in a big way. Minneapolis-based...
Regulators Smack Money Managers
Regulators filed complaints against several Twin Cities money managers Wednesday accusing them of breaking futures industry rules in their dealings with Minneapolis businessman Trevor Cook, who the...
Watchdog Says Treasury Lacks Exit Plan From Gmac Bailout, Taxpayers Could Lose $6.3 Billion
WASHINGTON - The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3...
China Inflation Rises In February, Adding To Pressure On Beijing To Keep Recovery On Track
BEIJING - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track.Consumer prices rose...
Global Economic Outlook: Recovery In Different Gears
Standard & Poor's the credit ratings agency, says in its latest Global Economic Outlook that the global economy seems to have turned a corner, and so-called green shoots are sprouting around the...
Upcoming U.s. Economic Data Keeps Usd Steady
TOKYO -- The dollar was steady in Asia Wednesday as traders looked ahead to upcoming U.S. economic data, while keeping a close watch on Europe's public debt...
Microsoft, Yahoo Team Up On Search Service
TAIPEI, Taiwan -- The Cabinet-level Fair Trade Commission (FTC) has approved a partnership between Microsoft and Yahoo to roll out better search engines, it said,...
Court Reaffirms I4i's Patent Win Against Microsoft
Microsoft willfully infringed on patents awarded to i4i. The verdict, which the appeals court first affirmed in December, required Microsoft to pay more than $240 million in damages and forced it to...
Jr East Sells Bonds At Narrowest Spread Since 2006
March 11 (Bloomberg) -- East Japan Railway Co., the nation’s largest rail operator, raised 15 billion yen ($166 million) from 10-year bonds priced at the narrowest yield spread over benchmarks...
Asia’s Billionaires Set World-beating Pace, Forbes Says
March 11 (Bloomberg) -- Asian billionaires including India’s Mukesh Ambani and Hong Kong’s Li Ka-shing increased their wealth as the region’s rich expanded their fortunes at the...
Nomura’s Wang, Feldkamp Leave As Former Lehman Managers Depart
Jane Wang, vice chairman of China investment banking, resigned and plans to join a competitor, two of the people said, requesting anonymity because her departure hasn’t been announced. Geoffrey...
Mukesh Ambani, Lakshmi Mittal Among World's Top Ten Billionaires: Forbes
WASHINGTON: Indians Mukesh Ambani and Lakshmi Mittal figured among world's top ten billionaires as Mexican tycoon Carlo Slim Helu beat Americans Bill Gates and Warren Buffett to become the ...
Apple Beware: Dell Is Taking On Itunes
The Dell Streak is believed to have a five-inch screen, putting it somewhere between a smartphone and an e-book reader in size. The formidable triumvirate of Amazon, Dell, and Google is apparently...
Motorola, Microsoft In Deal To Put Bing On Phones
(Reuters) - Motorola Inc has reached a deal with Microsoft Corp that will put Bing search and mapping services on its phones that use Google's Android operating...
China Official: No Sign Of Overheating In Industrial Sector
BEIJING -(Dow Jones)- The rise in industrial output in the first two months of this year isn't a sign of overheating in the industrial sector, National Bureau of Statistics spokesman Sheng Laiyun...
Japan Hirano: Revised Gdp Shows Economic Conditions Still Severe
TOKYO (Nikkei/Dow Jones)--The Japanese government's top spokesman said Thursday that a downward revision in the country's fourth-quarter growth rate shows that domestic economic conditions remain...
China Official: See 2010 Inflation Moderate, Controllable
BEIJING -(Dow Jones)- Inflation this year will be moderate and controllable, with consumer price index growth to slow in March as seasonal factors fade, National Bureau of Statistics spokesman Sheng...
Senate Banking Committee Negotiators Favor Placing New Consumer Financial Protection Agency At Fed
In a move that’s raising red flags among some consumer advocates, top negotiators for the Senate Banking Committee signaled Wednesday they favor establishing a new consumer financial protection...
China Bank Lending Up $102.5 Billion In February
HONG KONG -- Lending by Chinese banks rose 700.1 billion yuan ($102.5 billion) in February, while money supply as measured by M2 was up 25.5% during the month from a year earlier, according to...
Man Wah Holdings Seeks Up To Us$503 Million In Hong Kong Ipo - Source
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Taiwan Minister Says No Chinese Money Behind Nan Shan Buyer
TAIPEI -(Dow Jones)- The Hong Kong consortium that won the bid for Taiwan's Nan Shan Life Insurance Co. has submitted documents showing the deal isn't backed by money from mainland China, Taiwan...
Hong Kong Shares Advance As Cathay, Citic Rise
HONG KONG -- Hong Kong shares advanced early Thursday as investors digested a slew of economic data, including a higher-than-expected consumer price index for February. The Hang Seng Index rose 0.2%...
Data Snap: China February Cpi Up 2.7% On Year; Market Expected Up 2.4%
BEIJING -(Dow Jones)- China's consumer price index in February rose 2.7% from a year earlier, quickening from January's 1.5% rise, government data showed Thursday. The rise rise was higher than the...
Tsx Edges Up To First Gain This Week
Toronto Stock Exchange broke a two-day skid Wednesday as some international developments helped lure investors back into the market. The S&P/TSX composite index closed up 42.3 points, or 0.4%,...
Quebecor Wows With Wireless Plans
Marrying content to networks has become the vogue with cable and Internet companies to differentiate themselves from peers. The consensus among industry watchers, failing to see any strong upside in...
Scotiabank Arm Close To Siam City Deal: Reports
The Bank of Nova Scotia's subsidiary in Thailand is poised to sign a deal to buy a stake in Siam City Bank, the country's seventh largest bank, in the next three weeks, according to media reports. ...
Debt Still Looms Over Jailed Investment Advisor Thow
Former Victoria investment advisor Ian Thow has been sentenced to nine years in prison for 20 counts of fraud totalling $8-million. When he gets out, Thow will still have a bankruptcy hanging over...