KSE vaults to one-and-a-half month high

KARACHI: Energy stocks such as Oil and Gas Development Co Ltd (OGDCL) on Wednesday pushed the benchmark 100-Index to a one-and-a-half month high, ending up more than 2 percent. The trading frenzy followed comments by a senior US official who said Washington wanted to promote investment in Pakistan. "The American government is active in promoting US investment," said U.S....

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Martial arts - Bollywood spoiling for a fight

 After bankrolling glamorous cricket and motor sports leagues in India, Bollywood has turned its attention to the world of mixed martial arts with a series of events featuring local fighters squaring off against international opponents. Actor Sanjay Dutt and entrepreneur Raj Kundra have launched the Super Fight League with events scheduled for Mumbai, Chandigarh...

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Yahoo co-founder Yang resigns

Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company. Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return...

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Lindsay Lohan "doing it well" on probation

Actress Lindsay Lohan, who is on probation after being convicted for drunk driving and theft, has made good on completing her court-ordered community service and therapy on time, pleasing a judge at a progress hearing on Tuesday. "Just keep doing what you're doing, and you appear to be doing it well," Los Angeles Superior Court Judge Stephanie Sautner told Lohan at the...

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Tomb of woman singer found in Egypt's Valley of Kings

In a rare find, Egyptian and Swiss archaeologists have unearthed a roughly 2,900 year old tomb of a female singer in the Valley of the Kings, an antiquities official said Sunday. It is the only tomb of a woman not related to the ancient Egyptian royal families ever found in the Valley of the Kings, said Mansour Boraiq, the top government official for the Antiquities' Ministry...

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