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Thursday 17, May 2012

 
 
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East Asian powers agree on trade pact talks
Market | 13th May 12

BEIJING: Chinese Premier Wen Jiabao called on northeast Asia’s powers to cooperate more in the face of global economic headwinds,...

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S.Korea requested to boost investment in Pakistan
Economy | 12th May 12

ISLAMABAD: Secretary Industries Aziz Ahmad Bilour urged South Korean Ambassador to enhance Korean investment in Pakistan. “The Korean investment in...

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Pak-German development cooperation to receive $15.7 mn additional funds
Economy | 11th May 12

ISLAMABAD: Germany has announced an additional 15.7 million euros (1.853 billion rupees) for the Pakistan-German development cooperation. The funds will...

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Indian industrial output shrinks unexpectedly
Commodities | 11th May 12

India’s industrial output unexpectedly shrank in March by 3.5 percent as Asia’s third-largest economy was hit by decliningdomestic demand and falling exports, according...

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JPMorgan reveals $2 billion trading loss
Market | 11th May 12

JPMorgan Chase & Co, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2...

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Pak-China Sost dry port trust meeting on May 13
 | 11th May 12

HUNZA: The Pak-China Sost Dry Port Trust has convened a grand meeting of the general members and share holders on...

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Gilani requests British power companies to help resolve Pakistan’s energy issues
Economy | 10th May 12

LONDON: Prime Minister Syed Yusuf Raza Gilani Thursday urged the British power companies to invest in country’s energy sector and...

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US panel cuts foreign, military aid to Pakistan
Economy | 10th May 12

WASHINGTON: A House of Representatives panel moved on Wednesday to cut the foreign aid budget by some 9 per cent,...

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China to enhance textile production
Economy | 9th May 12

BEIJING: Chinese textile producers aim to more than double the country’s textile output by 2020 from the 2010 level, according...

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GlaxoSmithKline in takeover bid for Human Genome
Economy | 9th May 12

GlaxoSmithKline PLC has tabled an offer to take over U.S. drug maker Human Genome Sciences Inc. which values the target at nearly $2.6 billion. GlaxoSmithKline,...

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Top Stories - Business
 
Illegal copying of computer programs in Asia cost businesses $21 billion in lost sales last year...
 
 
ECC approves Fortnightly notification of POL prices The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday approved export of 0.4 million...
 
 
IMF chief raises possibility of Greece’s orderly euro exit The head of the International Monetary Fund on Tuesday raised the possibility that Greece could...
 
 
Facebook raises IPO share price Range to $34-38 According to sources, the world’s largest social networking site, Facebook has raised up the price...
 
 
German companies showing interest to explore Thar Coal ISLAMABAD: Head of Economic Section, Embassy of the Federal Republic of Germany, Samy Saadi said Monday...
 
 
Yahoo CEO Scott Thompson to step down Yahoo CEO Scott Thompson will leave the company, citing anonymous sources. The news comes after...
 
 
 
Economy
Electricity shortfall: Markets to be closed at 8.30
30th April 2012
KARACHI: After the meeting of Chief Minister Sindh, Qaim Ali Shah and Karachi traders association it was decided to shut down the shops and markets at 8.30 pm all over Karachi. According to our correspondent, the decision was...
 
 
 
 
 
 
 
Commodities
Japan’s Toyota to post $4.3 bln profit
30th April 2012
Japanese car giant Toyota Motor will post a full-year operating profit of $4.3 billion, nearly 30 percent above forecast, when it announces its earning results next week, according to a report. The Nikkei business daily said the firm will reveal operating profit...
 
 
 
 
 
 
 
Market
Samsung reports enormous boost in profit
27th April 2012
Samsung Electronics Co. Ltd announced its revenues on Friday 27th April. According to a report Samsung has overtaken Nokia and Apple as the world’s top cell phone maker. Samsung Electronics has now become the leading cell phone maker...
 
 
 
 
 
 
 
 

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