Archive of 13 June 2011

Somali pirates release four Pakistanis and 18 other hostages

KARACHI: Somali pirates released four Pakistani and 18 other hostages after ransom was paid to them, Ansar Burney Trust Chairman Ansar Burney said on Monday. Pirates...

Euro slides to record low on Greece fears

NEW YORK: The euro fell to a record low against the Swiss franc on Monday, with more losses likely as disagreement among policymakers over how...

US stocks rise but euro falls on Greek fears

NEW YORK: US stocks edged higher on Monday, overcoming a mild sell-off tied to a rating agency's downgrade of Greece, but fears over a possible...

US stocks stable after last week’s slump

NEW YORK: US stocks were mixed on Monday, with markets largely stable after a brutal sell-off last week driven by concerns about a slowing economic...

OGRA issues notices to six oil marketing companies

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) here on Monday issued notices to six oil marketing companies for shortage of required stocks at their oil...

Kazakh miner surges on takeover speculation

LONDON: Shares in Kazakh miner ENRC soared Monday on reports that it faced a possible takeover by Swiss commodities giant Glencore worth £12 billion (13.6...

S&P downgrades Greece on higher default risks

PARIS: Standard and Poor's slashed its credit rating for Greece on Monday by three notches to CCC, saying there is a significantly higher probability of...

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