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Business Recorder (blog)
Army battles mutineers in eastern DR Congo - Business Recorder (blog)
The army in Democratic Republic of Congo was Friday engaged in heavy fighting in Nord-Kivu province with mutineers who have formed a new rebel force, the rebels and a government official said. We are six kilometres (four miles) from the town of ...
Britain's MI6 key to al Qaeda agent - Business Recorder (blog)
The officials requested anonymity to discuss the operational details. One official said the British intelligence agency, MI6, gave the double agent the passport as part of the ruse. Al Qaeda wants terror recruits that have a US or British passport ...
China suicide bomber kills two in protest - Business Recorder (blog)
I can't tell you anything, but three people were killed and 14 were injured," said an official reached by telephone at the local government office, who refused to give his name. "Of those (injured), four were badly hurt and are now on their way to ...
CID claims recovery of anti-state literature: cop, footballer killed in Lyari ... - Business Recorder (blog)
One of the inhabitants, on a condition of anonymity, informed that the gangsters were running their own ambulance service and hospital to facilitate their injured accomplices. He said the gangsters had directed the residents to evacuate their homes ...
Key Indonesian mining and energy policy maker dies - Business Recorder (blog)
Partowidagdo, 60, collapsed after having walked to the summit of Mount Tambora on Sumbawa island in eastern Indonesia and died before he could be brought to hospital, a senior government official said. "It's confirmed that the vice minister has passed ...
Indian cotton exports hit 11.5 million bales mark - Business Recorder (blog)
India has exported a record 11.5 million bales of cotton this year, a senior government official said on Wednesday, clearing product left in limbo after it banned fresh overseas sales last month on worries about domestic supplies.
Lockerbie bomber in critical condition: family - Business Recorder (blog)
"He is unconscious and his condition has been very critical over the last three days," a member of the family who declined to be named told AFP by telephone. "Three days ago (Friday) he lost a lot of blood to the extent his life was in danger," the ...
Laureate eyes IPO up to $750 million, hires banks - Business Recorder (blog)
... education company Laureate Education, which has former US President Bill Clinton as honorary chancellor, has picked banks to lead an initial public offering that could raise as much as $750 million, according to people familiar with the matter.
US, Chinese private equity in joint bid for Japan's Elpida - Business Recorder (blog)
The two firms will participate in a second round of bidding for Elpida, due to close on April 27, said the person, who asked not to be identified because the information is not public. Elpida is the world's No 3 maker of DRAM chips, behind top-ranked ...
National Saving Schemes: ECC allows institutional investment - Business Recorder (blog)
An official, who requested anonymity, said the decision of the economic team to allow institutions to make investment in the saving schemes would not augur well for the financial sector and: it would create distortions. Source said the economic ...
UAE mulls uniform corporate tax rate, not for two years - Business Recorder (blog)
The United Arab Emirates is looking at introducing a uniform corporate tax rate across its seven states as it wants to reduce its dependence on oil revenue, the IMF said on Monday, but a government official said there would be no new taxes for at least ...
Power shortfall surges to 6000 megawatts - Business Recorder (blog)
... resolve energy crisis as our installed power generation capacity is about 23000MW of which 19000MW is available against country's peak demand of 17000MW," said a top official of the Ministry of Water and Power, on a condition of anonymity.
South Sudan to complete new airport terminal, eyes port - Business Recorder (blog)
South Sudan plans to mark its emergence onto the world stage as an independent oil producer by completing a new airport terminal in June as a showcase for business visitors to the capital Juba, a government official said on Thursday.
Bird flu may not be so deadly after all: scientists - Business Recorder (blog)
"The editors of Science and Nature are the most powerful people in science," said an influenza epidemiologist who asked not to be named for fear of retribution. "This is the editors of Science saying H5N1's fatality rate isn't 50 percent, ...
Philippines can sell extra 100000 tonnes of sugar to US - Business Recorder (blog)
The Philippines can sell an extra 100000 tonnes of sugar to the United States this crop year, a government official said on Thursday, despite the possibility of a steeper-than-expected drop in 2011/12 output. The US Department of Agriculture has ...
PTA likely to delay auction of 3G licences - Business Recorder (blog)
A senior official of PTA on the condition of anonymity told this scribe that delay of the auction of 3 G licences, scheduled for March 29, is expected. He said that the decision regarding the increase in the base price of 3 G licences for bidding from ...
European shares cut losses - Business Recorder (blog)
Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said. The pan-European FTSEurofirst 300 index of top shares fell 0.2 percent to close at 1072.79 points - staying ...
Government in hot water over fiscal deficit - Business Recorder (blog)
An official who requested anonymity said that he was gravely concerned about the overall fiscal deficit and depleting cash balance position of the provinces. The meeting reviewed federal and provincial fiscal operation for the first six months of the ...
Indonesia will not import white sugar this year - Business Recorder (blog)
Indonesia, Southeast Asia's top sugar consumer, will not import any white sugar this year because it has enough stocks to see it through until its milling season, but has left the door open for raw sugar deliveries, a government official said on Friday ...
Sugar output in key Indian state seen higher than forecast - Business Recorder (blog)
"We are working out the figures (to revise the forecast upwards) as we hope production will go up by at least 10-15 percent more than the earlier estimate," a government official, who did not wish to be identified as he is not authorised to talk to ...
Frustrated rescuers 'just waiting' after cruise ship shifts - Business Recorder (blog)
"It's frustrating," says the employee, who declined to give his name and to provide any further information on the mood among the salvage workers. But frustration is evident in the way he shakes his head as he looks once again at the still gleaming ...
India's common rice exports to cross two million tonnes - Business Recorder (blog)
"There was an informal agreement that exports will be stopped once traders ship out 2 million tonnes, but at the moment we have decided not to stop shipments," said one of the sources, who did not wish to be identified as he is not authorised to talk ...
Four hurt in grenade attack on mobile phone outlet - Business Recorder (blog)
Investigators on a condition of anonymity said that it was premature to say anything about the identity of the culprits and their motives but both attacks appeared linked with each other. A case 01/12 was registered against unidentified attackers under ...
India Inc finds dollar funding grows scarce, expensive - Business Recorder (blog)
In October, state-run Hindustan Petroleum Corp Ltd raised $465 million for plant modernisation and paid 165 basis points over LIBOR, said a senior executive who did not wish to be identified. Rates for a similar credit have risen to about 400 basis ...
Kurdish survivors do not believe Turkish attack was blunder - Business Recorder (blog)
"I and another lookout friend saw two teams of soldiers blocking all the roads," said a 30-year-old lookout, who asked to remain anonymous. "We called (the group) and told them soldiers were there and they should turn back to Iraq to not get caught," ...