SAARI NEWS: Business

Yen weak in Asia trade on Japan easing hopes

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<b>TOKYO: The yen fell against the dollar and euro in Asia trade Friday as the man tripped to become prime minister after next month;s general election said he would embark on aggressive monetary easing.</b></div>
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The dollar bought 81.13 yen in Tokyo trade, sharply up from the 80.20 yen level a day earlier, and almsot unchanged from 81.16 yen in New York late Thursday.</div>
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The euro bought 103.61 yen, against 102.17 yen in Asia Thursday and 103.69 yen in New York.</div>
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The single currency was also at $1.2774 against $103.69 yen in New York after it weathered widely expected news that the 17-nation eurozone tipped back into recession in the July-September third quarter.</div>
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''The Japanese yen is the stand-out,'' National Australia Bank said.</div>
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''It tends to outperform in periods of risk aversion but the news from likely incoming Japanese prime minister (Shinzo) Abe is enough to keep the currency under pressure, '' the bank said in a note.</div>
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Abe, head of the Liberal Democratic Party (LDP) and a former prime minister, on Thursday called for ''unlimited'' easing by the Bank of Japan, and vowed to strike a deal with it over further policy measures if he wins on December 16. By AFP</div>
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AFP  </div>
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BREAKING NEWS Business Yen weak in Asia trade on Japan easing hopes

TOKYO: The yen fell against the dollar and euro in Asia trade Friday as the man tripped to become prime minister after next month;s gen...

Golf: Chinese wonder-kid, 14, wins Masters berth

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<b>BANGKOK: Fourteen-year-old Chinese prodigy Guan Tianlang is set to become the youngest-ever player at the US Masters after he held on for a one-stroke win at the Asia-Pacific Amateur Championship on Sunday.</b></div>
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<b>Guan, the youngest player in the field and the overnight leader by two, shot a final round of one-under-par 71 at Thailand's Amata Spring country Club to finish ahead of Pan Cheng-Tsung of Taiwan, who fired a 65.</b></div>
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<b>He will be 14 years, five months and 17 days old when he tees off at prestigious Augusta in April, smashing the record set by Italy's Matteo Manassero in 2010 when he was aged 16.</b></div>
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<b>Guan punched the air in delight and was quickly embraced by his father after clinching the win at 15-under- 273 by nervelessly holing a five-foot par putt on the last  hole.</b></div>
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<b>Schoolboy Guan, from the southern city of Guangzhou, started playing at the age of four and won the world junior title by 11 shots last year in San Diego.</b></div>
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<b>In April, he made history as the youngest player to take part in a European tour even when he played the Volvo Open in Tianjin at the age of 13 years and 177 days.</b></div>
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<b>(AFP)</b></div>
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Business Golf: Chinese wonder-kid, 14, wins Masters berth

BANGKOK: Fourteen-year-old Chinese prodigy Guan Tianlang is set to become the youngest-ever player at the US Masters after he held on f...

OGRA to take action against closed CNG stations

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<b>ISLAMABAD:  Oil and Gas Regulatory Authority (OGRA) chiarman Saeed Ahmad Khan has said that action would be taken against those CNG owners who have closed their units after decrease in prices, Geo News reported.</b></div>
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Talking to 'Geo News', OGRA chairman said he himself had witnessed long queues at CNG stations, adding teams were collecting details and action, as per the law, would be taken against those who have shut their outlets.</div>
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It is pertinent to mention here that after massive cut in CNG prices on the orders of the court, pump owners have closed their business while some are running only one unit adding the miseries of masses.</div>
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They are claiming that there is low pressure of power breakdown as a result they have shut the outlets or running only one unit. via geo tv</div>
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Business OGRA to take action against closed CNG stations

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) chiarman Saeed Ahmad Khan has said that action would be taken against those CNG own...

Earning hopes boost KSE; rupee still flat

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<b>KARACHI: Local stocks closed higher on Tuesday as expectations of announcements of healthy earnings gave the market a boost, traders said.</b></div>
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The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.03 percent, or 5.21 points, higher at 15,853.84, on total volume of 103.27 million shares.</div>
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In the currency market, the rupee ended at 95.53/95.58 to the dollar, compared to Monday's close of 95.42/95.47.</div>
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Overnight rates in the money market ended at 7.50 percent compared to Monday's 10 percent. <b>(Reuters)</b></div>
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Business Earning hopes boost KSE; rupee still flat

KARACHI: Local stocks closed higher on Tuesday as expectations of announcements of healthy earnings gave the market a boost, traders sa...

Oil up in Asia on bargain hunting

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<b>SINGAPORE: Crude rebounded in Asia o n Tuesday as traders returned to the market after prices plunged on oil demand fears, analysts said.</b></div>
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New York's main contract, light sweet crude for delivery in December, added 29 cents to $88.94 and Brent North Sea crude for December delivery gained 29 cents to $109.73.</div>
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Crude markets were  recovering after taking " a battering from weak US corporate earnings and weaker sentiment about the global economic recovery," said Justin Harper, market strategist for IG Markets Singapore.</div>
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"I think we are seeing bargain hunters come back into the market after a sharp sell-off," he told.</div>
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Caterpiller, the world's biggest maker of construction and mining equipment, cut its sales outlook, weighing down Wall Street and crude markets late Monday.</div>
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Considered a bellwether of the global economy, Caterpillar  cut its profit and sales forecast for full-year 2012, suggesting a sharp slowdown in the fourth quarter.</div>
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Traders were also looking anxiously at Europe after Germany's central bank warned the German economy will see a sharp slowdown in growth or may even contract at the end of the year as the eurozone crises bites.</div>
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Business Oil up in Asia on bargain hunting

SINGAPORE: Crude rebounded in Asia o n Tuesday as traders returned to the market after prices plunged on oil demand fears, analysts sai...

Flour and sugar prices hiked in sindh

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<b>Karachi: Flour cost all across Sindh has progressively improved by more than Rs 3 per kilo since July until today, while cost of sugar also seen climbing in the market including to the problems of the Consumers.</b></div>
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Sindh Flour mills association said that one 100 kilor bag whole grain cost actually peaked at Rs 3000, leading to the improve of 50 kilo bag of flour cost to Rs 1660 from Rs 1620.</div>
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On the other hand, food division resources said that it has been made the decision to sell govt whole grain to the flour mills against their allowance at Rs 2850 per bag of 100 kg for which the challans being released to the slow owners from Oct 3 and with the improved resources from govt resources, balance in whole grain cost should be seen.</div>
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Experts said that the govt whole grain cost level as in comparison to past year increased by about Rs 350 per 100 kg due to improve in the whole grain purchase support cost by the govt in past period.</div>
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Beside despite adequate option glucose from current period, the ex-mill cost of Sugar in Sindh was seen hiked by Rs 3 in three days, leading to the sugar general cost going beyond Rs 50 per kilo.</div>
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BREAKING NEWS Business Flour and sugar prices hiked in sindh flour prices in sindh latest latest news sindh flour mills asociation sindh news sugar prices in sindh Flour and sugar prices hiked in sindh

Karachi: Flour cost all across Sindh has progressively improved by more than Rs 3 per kilo since July until today, while cost of sugar ...

PTCL VSS receive good response from

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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihkv4Wq41Yk47M5taT_bTQztjI_8jv4O03ltDQszfIb0k7PKuxhA3jz2db6EqyY9mZh1jZ7o_jRir2voffbyQVqXnDtP2_IeElnUcQv70xLq1UXFn_Uq-7uVNcGwDNWVTAsvkn5ZarulY/s1600/ptcl+helo+the+future.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="201" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihkv4Wq41Yk47M5taT_bTQztjI_8jv4O03ltDQszfIb0k7PKuxhA3jz2db6EqyY9mZh1jZ7o_jRir2voffbyQVqXnDtP2_IeElnUcQv70xLq1UXFn_Uq-7uVNcGwDNWVTAsvkn5ZarulY/s320/ptcl+helo+the+future.jpg" width="320" /></a></div><div style="text-align: justify;"><b>Karachi: Pakistan Telecom Company Voluntary Severance Program which was presented on 26 September 2012 and determined latest on 31 Aug 2012 has been a remarkable achievement among-st Worker. </b></div><div style="text-align: justify;"><b><br />
</b></div><div style="text-align: justify;">The VSS was provided as voluntary scheme that provided the workers a chance to opt for this provide and gain financial benefits. A bulk of the workers willingly decided for built.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Senior Executive Vice President HR, Mazhar Hussain mentioned that the scheme obtained its preferred objectives. The Scheme provided a unique time frame to the workers by giving a them the option to choose better upcoming for themselves and their loved ones. To stay aggressive in the telecommunications industry, it is crucial to keep costs to the lowest while supplying the best possible services to the customers.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Which modifying time and highly aggressive telecommunication industry atmosphere,PTCL has convert as IT service agency which this change share of workers whose skills set,age and education and learning are not arranged with the company present and upcoming objectives. Keeping the market facts in min, PTCL presented VSS scheme for those employees so that they utilize voluntary separating from the business at a good program provide which will beneficial both for the business and the workers.</div></div>

Business PAKISTAN ptcl introduce VSS scheme Technology PTCL VSS receive good response from

Karachi: Pakistan Telecom Company Voluntary Severance Program which was presented on 26 September 2012 and determined latest on 31 Aug 2012...