Tag: Hit

SYDNEY - Residents in Australia's third largest city, Brisbane, sandbagged their homes against rising waters on Monday as torrential rain worsened floods that have paralysed the coal industry in the northeast and now threaten tourism.
Prime Minister Julia Gillard said the cost of the floods would not delay a return to budget surplus in 2012-13, but J.P. Morgan predicted the disaster would crimp growth this year and could delay another increase in interest rates. The worst floods

KARACHI - Analysts have viewed that the current year cement price surge, along with the fragile economic outlook, has dented the overall cement demand. Cement manufacturers, however, have still slashed prices in the northern part of the country, which may support cement offtake during the winter season at the cost of lower margins.
In addition, during the second half, export dispatches and local dispatches are likely to improve, hence better returns for cement manufacturers in

SYDNEY - England rode their luck through a rocky afternoon spell to reach 167-3 in their first innings at the close of play on the second day of a well-balanced fifth Ashes test on Tuesday after dismissing Australia for 280.
Alastair Cook, who was saved from dismissal by a no-ball review, had made 61 with nightwatchman James Anderson alongside him on one after a triple blow from the Australian bowlers had disrupted England's comfortable post-lunch progress.
England have

LAHORE - As many as three matches were decided in the Toyota Cup Polo Tournament here on Tuesday at the Lahore Polo Club ground.
In the opening match of the day, Master Paints Whites outplayed Master Paints Blacks 9-2

KARACHI - According to forecasts based upon earnings growth, the KSE is expected to grow by 15 percent in 2011 with the benchmark index estimated to rise 13,800 by year end, entailing a return of 14.8 percent. Furthermore, Arib Habib research stated that total returns will come out at 21.6 percent, while their top picks for CY11 include POL, PPL, APL, PSO, HUBC, KAPCO, LUCK, NBP and LOTPTA.
It is to be noted that the benchmark KSE100 Index was amongst the top five top-performing

KARACHI - The first solar eclipse of 2011 on Tuesday (today) that will also be witnessed in the city will harbinger a sea-related natural disaster that will hit the city in the next few months, predicted Hindu pundit Maharaj Premchand Giyanchandani.
There is a silver lining, however, as the pundit foretold more jobs and better business for most Karachiites. "Karachi comes in the Makar Rasi or Capricorn zone, which means the influence of the sea-goat. The fall of the partial solar

LAHORE - The Punjab Assembly, on its first day of the 22nd session, again faced the quorum issue pointed out by the opposition member Dr Samia Amjad at the time when the adjournment motions were being responded by the law minister on Friday.
Speaker Rana Muhammad Iqbal asked for the counting and later directed to ring the bells for five minutes but the result was the same, owing to which, he adjourned the house till Monday afternoon.
At this point, the law minister said that

ATHENS - Bombs exploded Thursday outside Greek targets in Athens and Buenos Aires, causing damage but no injuries nearly two weeks before the trial of Greek anarchists linked to a November parcel bomb campaign against embassies and foreign leaders.
In Athens a powerful device thought to be a time bomb detonated outside an Athens court shortly after police had evacuated the area, acting on warnings delivered by anonymous callers to media, police said.
Some 90 minutes earlier,

LAHORE: Former Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen while talking to a select group of journalists on Tuesday has said that political policies are not a threat to the present government but bad management of the economy could hit it hard. He believed that the current political system was stable enough but the way present rulers were handling the economy was creating a potential threat. He predicted that inflation could rise by 20

SAO PAULO: A Brazilian film highlighting the violence in Rio's notorious slums, "Elite Squad 2," has broken national box office records, with nearly 11 million tickets sold.
The cops-and-criminals picture, which mixes explosive action with an expose of corrupt politicking, has usurped a 1976 Brazilian supernatural erotic classic, "Dona Flor and Her Two Husbands," for the status as most-watched movie in the country's history.
Its success coincided with a spectacular real-life

KARACHI: The government's belated efforts to devise an effective legal mechanism to regulate the shipping lines, port and terminal operators, ship agents, freight forwarders and other port users have hit a snag.
It is inexplicable that Pakistan, a country consisting of three seaports and at least 11-vessel shipping fleet, has been deprived of specific laws to regulate the logistic service providers at local ports for one and half decade.
The traders' agitation at

ROME: Four ministers resigned from the Italian government on Monday, escalating a political crisis in Prime Minister Silvio Berlusconi's coalition that could last for weeks.
The four -- Europe Minister Andrea Ronchi, Deputy Economic Development Minister Adolfo Urso and two junior ministers - are supporters of speaker of parliament Gianfranco Fini, a former ally of Berlusconi turned rival.
Fini's Future and Freedom movement announced the pull-out in a statement.
"We

ADELAIDE: Opening batsmen Alastair Cook and Andrew Strauss hit centuries but rain thwarted England as their three-day tour game against South Australia ended in a draw at the Adelaide Oval on Saturday.
Cook made an unbeaten 111 and Strauss smashed 102 off 121 balls to put the tourists in a position to declare their second innings at 240 for one early on the last day.
But England, building up to the opening Ashes Test against Australia in Brisbane on November 25, only bowled

PADANG
Indonesian rescuers searched for survivors Wednesday after a tsunami smashed into an island chain and a volcano erupted in twin disasters that have left scores dead and thousands homeless.
Ten villages were flattened when the tsunami triggered by a 7.7-magnitude earthquake pounded the Mentawai islands late Monday off the west coast of Sumatra, on a major fault line in a region known as the "Pacific Ring of Fire".
At least 154 people were killed and some 400

WASHINGTON: The CIA's expanding operations in Pakistan have taken "a serious toll" on the Al-Qaeda network, the spy agency director, Leon Panetta, has told US media.
But he said it remained unclear whether the effort had prevented a possible terror plot against European cities, the Los Angeles Times quoted him as saying Tuesday.
Referring to stepped up operations, Panetta said the effort is "taking a serious toll" on Al-Qaeda's capabilities. "The basis for that increased