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Reaction of Indian Media After Pakistan 3rd test Against England on 6th feb 201...
Monday, February 6, 2012
FOREX-Euro dips as Greece delays debt deal approval
NEW YORK, Feb 6 (Reuters) - The euro dropped against
the dollar on Monday as Greece's political leaders
delayed a decision on a new bailout package, raising concerns of
a disorderly default that could spread to other debt-ridden
countries in the region.
A European Commission spokesman said Greece was already past
the deadline for finalizing talks on a second financing package
and needed to move urgently.
German Chancellor Angela Merkel told Greece to make up its
mind quickly on accepting the painful terms for a new EU/IMF
bailout, but the country's political leaders responded by
delaying their decision for yet another day.
"Headlines out of Europe are affecting sentiment on the
euro. Earlier, we had hit stop losses in the euro and we saw it
trim some losses. But it's more...
Europe crisis could halve China's growth: IMF
A Chinese paramilitary policeman standing guard outside the European Union Delegation in Beijing in 2011 (AFP/File, Peter Parks)
WASHINGTON — An escalation of Europe's debt crisis could slash China's economic growth in half this year, the International Monetary Fund said Monday, urging Beijing to prepare stimulus measures in response.
The IMF, in an economic outlook report on the world's second-largest economy, highlighted China's vulnerability to global demand.
"The global economy is at a precarious stage and downside risks have risen sharply," the IMF said, citing the possible deep crunch in the financial sector in Europe that would be felt around the globe.
"Should such a tail risk of financial volatility emanating from Europe...
Brent jumps to 6-month high on Europe cold snap
NEW YORK (Reuters) - Brent oil rose for a fifth straight session on Monday to settle at a six-month high as cold weather in Europe boosted heating fuel demand and pushed the crude's premium to U.S. oil to the highest since November.
European gasoil led gains across the oil complex, rising more than 3.5 percent as bitter weather killed another 33 people in Europe.
Italy announced it would allow electricity providers to fire up oil-fueled generators to limit natural gas after six-straight days of reduced supplies from Russia.
Additional support for Brent came amid supply concerns from OPEC members Iran and Nigeria.
"The cold weather is giving us a lift in the products and that is feeding through to Brent," said Rob Montefusco, a trader...
Market Watch: Bourse surges to six-month high
KSE’s benchmark 100-share index jumps 154 points. KARACHI: The stock market closed at a six-month high on Monday as investors took activity up a notch on rumours of foreign buying and ease in the circular debt in the next few days.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index jumped 1.29 per cent or 154.3 points to end at the 12,136.92 point level.
“Term Finance Certificates are expected to be issued in the next few days to resolve the circular debt issue,” said JS Global Capital analyst Shakir Padela.
A healthy intra-day upward correction was also witnessed after reports surfaced that Supreme Court suspended membership of a few senators and parliamentarians including Finance Minster...
How the major stock indexes fared on Monday
Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a package of spending cuts and other measures required for the country to get more bailout loans.
President Nicolas Sarkozy of France and German Chancellor Angela Merkel warned Greek leaders that they need to push through another package of cost-cutting measures or risk letting the country go bankrupt.
The Dow Jones industrial average fell 17.10 points, or 0.1 percent, to close at 12,845.13.
The Standard & Poor's 500 index slipped 0.57 of a point to 1,344.33.
The Nasdaq composite fell 3.67, or 0.1 percent, to 2,901.99.
For the year so far:
The Dow is up 627.57 points, or 5.1 percent.
The S&P 500 is up 86.73 points, or 6.9 percent.
The Nasdaq...
Deeper Iran sanctions; US targets its central bank
FILE- In this April, 9, 2007, file photo Iranian President Mahmoud Ahmadinejad, speaks at a ceremony in Iran's nuclear enrichment facility in Natanz, 300 kms 186 (miles) south of capital Tehran, Iran. For the first time in nearly two decades of escalating tensions over the Iranian nuclear program, it appears that world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent, an action that many fear might trigger war, terrorism and global economic havoc. Photo: Hasan Sarbakhshian / AP
WASHINGTON (AP) — Targeting Iran's economy, the U.S. ordered tough new penalties Monday to further pinch the country's financial system and...
Canadian ambassador to remain in Syria
OTTAWA - Canada will not shut its embassy in Syria, officials say, after the United States evacuated all diplomatic staff and closed its embassy in the country on Monday.
A spokesman for Foreign Minister John Baird said that Canada is not considering following the U.S. lead.
``The U.S. as a sovereign nation makes decisions based on its situation,'' wrote Rick Roth in an email. ``We make decisions based on ours.''
Roth said Canada's ambassador to Syria - retired vice-admiral Glenn Davidson - will remain in Damascus to voice Canada's displeasure at the ongoing government crackdown in the country.
``Canada has extremely strong views about the abhorrent actions of the current regime,'' he wrote. ``And our ambassador continues to deliver those messages at the highest levels.''
``We have...
Sharapova sets sights on London Olympics
PARIS: Maria Sharapova is making the London Olympics one of her top priorities this year after missing the Beijing Games with an injury.
The third-ranked Russian has already won three Grand Slams but has never competed at the Olympics.
Sharapova said on Monday that "representing my country will be a huge honor," and is something she has wanted to do "since I was a young kid."
Sharapova missed the 2008 Beijing Olympics because of a shoulder injury.
Sharapova reached the final of the Australian Open last month and said she hopes that will be a springboard for winning another Grand Slam title this year.
She is competing in the Open GDF Suez for the first time this week....
No Israel decision on attacking Iran: Obama - Pakistan Times
US President Barack Obama has said that Israel has not made a decision yet on attacking Iran's nuclear installations, noting that he still prefers to use diplomacy.
"I do not think Israel has taken a decision on what they need to do," Obama told the NBC news. Obama said he believes that the tough international sanctions are hurting the Iranian regime.
"We have mobilised the international community in an unprecedented way. They are feeling the pinch. They are feeling the pressure," he said.
Until Iran commit itself to peaceful use of nuclear energy and leaves its nuclear weapon programme, both the US are Israel are going to be very concerned about it. "We have closure military and intelligence consultations than we ever had. My first priority continues to be the security of the...
69 dead as US closes Damascus embassy
SyriaThe Syrian army on Monday launched a new assault on Homs, killing 42 people and wounding dozens, according to activists .
This new offensive, again denied by the regime, comes on the eve of a visit to Damascus by Russian foreign minister Sergei Lavrov, whose country has vetoed Saturday with China a UN resolution condemning repression in Syria.
In total, the violence has killed at least 69 people Monday, including 66 civilians according to the Syrian Observatory of Human Rights.
On its part, the Syrian National Council, the main opposition coalition, urged the international community to "act quickly" to "prevent another massacre" in Homs, where shelling killed more than 330 dead on Saturday.
After...
Pakistan Supreme Court suspends 28 lawmakers
Islamabad: Pakistan's Supreme Court on Monday suspended membership of 28 parliamentarians elected in by-elections held on the basis of what were said to be flawed voters' lists.
Their membership will remain suspended until an amendment to the constitution is passed by the parliament to endorse their election, the court ruled.
Among the suspended are nine members of the National Assembly, the lower house of the parliament, and three members of the Senate, the upper house. The senators include Finance Minister Abdul Hafeez Shaikh and Petroleum Minister Asim Hussain.
The affected members of provincial assemblies include eight from Punjab, four from Khyber Pakhtunkhwa, three from Sindh...
England needs to learn from humiliation: Strauss
"We are disappointed that we have not coped better to the challenges that came our way," Strauss said. (Reuters Photo) DUBAI: England captain Andrew Strauss has called on his underperforming batsmen to learn from its struggles on the spin-friendly pitches in the humiliating series loss to Pakistan with Test tours to Sri Lanka and India looming.
Pakistan clinched its first whitewash against England with a clinical 71-run win in the third and final Test on Monday, having won the first match by 10 wickets and the second by 72 runs in a series in which a fifth day's play was never required.
"We are disappointed that we have not coped better to the challenges that came our way," Strauss said. "This is a good eye-opener for us and...
Pakistan vs England - England 'Greenwashed'
Pakistan completed ‘Greenwash’ of England by thrashing them on the fourth day at Dubai in the third Test. No side since 1907 has won after making fewer than 100 in the first innings of a Test - a feat last achieved by England against South Africa at Headingley 105 years ago.
Match Report – Day4, 3rd Test, Dubai, February 3-6(7), 2012Pakistan’s start of the fourth day was shocking. Two chances went begging - Adnan Akmal's fumble behind the stumps to catch Strauss and Umar Gul's failure to catch Cook, on 28, at deep backward square.
Pakistan struck through the dismissal of Andrew Strauss who fell in the sixth over of the morning, lbw on the back foot to Rehman. Strauss reviewed it but the on-field umpire’s decision remained...
England in danger of losing world No 1 status after miserable Pakistan whitewash
England's lead at the top of the ICC's Test rankings has been cut to a solitary point following their series whitewash against Pakistan.
On 125 points going into the three-match series in the United Arab Emirates, England slipped to 118 and now hold just a one-point margin over second-placed South Africa, who can now usurp Andy Flower's men ahead of the April 1 end-of-season awards and claim the £110,000.
Bad day at the office: England lost the three-match series against Pakistan To do that, the Proteas would have to win their series against New Zealand next month 3-0.
Pakistan, meanwhile, move within striking distance of the top four in the world after leaping from 99 points to 108, just three behind India and Australia....
Pakistan whitewash England with third Test win
DUBAI: Pakistan's bowlers sealed an emphatic 71-run win in the third and final Test against England on Monday; inflicting a 3-0 series whitewash humiliation in the process.
Set a daunting 324-run target, England were bowled out for 252 with paceman Umar Gul taking 4-61 and off-spinner Saeed Ajmal (4-67) to help Pakistan achieve a first-ever Test clean sweep against their opponents.
With the ball turning again it was always a difficult task for England's batsmen, who have been unable to play the Pakistani spinners throughout the series, on a weary fourth day pitch at Dubai Stadium.
Pakistan won the first Test by ten wickets and the second by 72 runs in Abu Dhabi.
Pakistan have also become the first team to win a Test after...
Pakistan v England: Gul and Ajmal seal whitewash
England slumped to a 71-run defeat in the third Test in Dubai to suffer a series whitewash by Pakistan for the first time. Set 324 to win, the England top order was undone by spin before Umar Gul (4-61) ripped through the middle order.
Alastair Cook (49) offered some resistance, only to succumb to off-spinner Saeed Ajmal (4-67).
Matt Prior showed late aggression and was unbeaten on 49 as England were bowled out for 252....
Pakistan Whitewashes England 3-0 defeat England by 71 Runs
Dubai - humari news, Pakistan defeated England by 71 runs in 3rd test against England and whitewashed England 3-0 in the series.This is a new record that a team who bowled out 99 in first inning and than defeated his opposite team in the match.Afridi congrates Pakistan team talking with HUMARI NEWS.He said that Pakistan team is going on a right path and Pakistan will now aiming to white wash England in ODI too.Pakistan team creates a history after whitewashing England.England is ICC TEST no.1 side.Defeating England and with whitewash is not an easy job like eating a piece of cake.A team who defeated Australia & India is now defeated by ICC no.4 side PAKISTAN.Fans of Pakistan is now too much happy and glad with their teams performance against...
Pakistan required 1 more wicket to white wash England and creating a history
Pakistan team requires only 1 wicket to create a history of 100 years that a team who all out in first inning defeats his opponent team.The sunny disposition of Saeed Ajmal and the stiff-limbed tenacity of Abdur Rehman have tormented England throughout this Test series and there was the slimmest likelihood of escape at tea on the fourth day of the final Test in Dubai as Pakistan sought to inflict a whitewash upon England for the first time. There was plentiful spin for Pakistan's spinners, leaping spin at times when the ball struck the rough, and England, still 151 runs short of victory with only four wickets remaining, looked bound for a 3-0 defeat in the series. Ajmal, spinning the ball both ways, not extravagantly but often,...
Deal of the week
