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Saturday 22, November 2014

 
 
 




 

Economy


Asian stocks mostly higher after painful week

By: Web Desk, Uploaded: 21st November 2014

Asian stocks mostly higher after painful week HONG KONG- Asian markets mostly rose on bargain-buying Friday, at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat. The yen made some inroads against the dollar and euro after hitting multi-year lows, but with eyes on the general election expected next...


Yen recovers from multi-year lows

By: Web Desk, Uploaded: 21st November 2014

Yen recovers from multi-year lows TOKYO- The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store. In Tokyo, the greenback slipped to 117.85 yen, against 118.22 yen in New York, where it almost broke the...


Currency rates of NBP

By: Web Desk, Uploaded: 21st November 2014

Currency rates of NBP KARACHI: Following are the selling/buying rates of major currencies issued by National Bank of Pakistan (NBP) here on Friday. SOURCE:...


Eurozone growth at 16-month slow point: survey

By: Web Desk, Uploaded: 20th November 2014

Eurozone growth at 16-month slow point: survey BRUSSELS- Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy. Markit’s flash reading of its composite purchasing managers’ index (PMI) for the eurozone in November came in at 51.4 points,...


Yen hits fresh lows on BoJ easing speculation

By: Web Desk, Uploaded: 20th November 2014

Yen hits fresh lows on BoJ easing speculation TOKYO- The yen drifted lower on Thursday, hitting multi-year lows against the dollar and euro as investors bet on further Bank of Japan monetary easing measures. In Tokyo afternoon trading, the dollar rose to 118.45 yen, from 118.01 yen in New York and hovering around its highest level since August 2007. The euro bought 148.53...


Tokyo stocks open 0.69% higher

By: Web Desk, Uploaded: 20th November 2014

Tokyo stocks open 0.69% higher TOKYO- Tokyo stocks opened 0.69 percent higher on Thursday after the yen fell to multi-year lows against the dollar and euro in a boost to exporters. The Nikkei 225 index at the Tokyo Stock Exchange gained 118.94 points to 17,407.69 at the start. Official data released early Thursday showed Japan’s trade deficit narrowed by more...


Asian stocks mostly down, yen hits fresh lows

By: Sumaira Alwani, Uploaded: 20th November 2014

Asian stocks mostly down, yen hits fresh lows HONG KONG: Asian markets mostly fell Thursday after another round of weak manufacturing data underlined the slowdown in China’s economy while minutes from the US Federal Reserve’s latest meeting gave few hints about its plans for interest rates. Further losses in the yen to multi-year lows against the dollar and euro were not enough to...


Currency rates of NBP

By: Web Desk, Uploaded: 20th November 2014

Currency rates of NBP KARACHI: Following are the selling/ buying rates of major currencies issued by National Bank of Pakistan (NBP) here on...


Exchange Rates for currency notes

By: Web Desk, Uploaded: 20th November 2014

Exchange Rates for currency notes SELLING—— BUYING U.S.A————– 102.41—— 99.98 S.ARABIA——– 27.16—– 26.77 U.K————— 160.53 —– 156.72 JAPAN———– 0.8653 —– 0.8442 EURO———— 128.46 ——- 125.41 U.A.E———— 27.88 ——– 26.66 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR   ———————-   VALUE 6 Mths US Dollar          0.3257         20-11-2014 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD...


Gas suspension to CNG sector: oil import bill to become heftier

By: Web Desk, Uploaded: 19th November 2014

Gas suspension to CNG sector: oil import bill to become heftier The country’s oil imports are likely to increase substantially due to suspension of gas supply to the CNG sector, informed sources told Business Recorder. Sources added the Petroleum Ministry has argued in a proposal that was submitted to the Economic Co-ordination Committee (ECC) of the Cabinet that if petrol replaces CNG the country’s oil imports...


Asian stocks mixed after Wall St record, Tokyo recovers

By: Web Desk, Uploaded: 18th November 2014

Asian stocks mixed after Wall St record, Tokyo recovers HONG KONG- Asian markets were mixed Tuesday, with Tokyo leading gainers on bargain-buying after the previous day’s sell-off, while Wall Street provided some support with another record close. Hong Kong and Shanghai extended their previous day’s losses, despite a new trading link-up between the two exchanges. Tokyo — which lost almost three percent Monday on...


Tokyo stocks close 2.18% higher

By: Web Desk, Uploaded: 18th November 2014

Tokyo stocks close 2.18% higher TOKYO- Tokyo stocks rose 2.18 percent Tuesday on a weaker yen and bargain-hunting after tumbling a day earlier in response to data showing the Japanese economy had slumped into recession. The Nikkei 225 index at the Tokyo Stock Exchange, which lost almost three percent on Monday, ended up 370.26 points at 17,344.06. The Topix index...


Tokyo stocks close up 0.56%

By: Web Desk, Uploaded: 14th November 2014

Tokyo stocks close up 0.56% TOKYO- Tokyo stocks rose 0.56 percent on Friday to a more than seven-year high, recovering earlier losses after the yen slid further against the dollar. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 98.04 points to 17,490.83, its best close since July 2007, while the Topix index of all first-section shares gained...


Yen trims losses in Asia after drop on Japan tax talk

By: Web Desk, Uploaded: 12th November 2014

Yen trims losses in Asia after drop on Japan tax talk TOKYO- The yen trimmed some of its losses in Asia on Wednesday after tumbling to a seven-year low against the dollar on speculation that Japanese Prime Minister Shinzo Abe would delay a planned sales tax hike. In Tokyo, the greenback fetched 115.34 yen in midday trade, after topping 116 yen for the first time since...


Asian stocks mixed, Nikkei pushes higher

By: Web Desk, Uploaded: 12th November 2014

Asian stocks mixed, Nikkei pushes higher HONG KONG- Asian markets were mixed Wednesday as Tokyo extended a rally after the dollar broke 116 yen for the first time in seven years, while speculation swirls that Japan may put off another unpopular sales tax hike. Wall Street provided support for buyers again after the Dow and S&P 500 squeezed out another record...


Dar underscores need for creating ‘charter of economy’

By: Web Desk, Uploaded: 12th November 2014

Dar underscores need for creating ‘charter of economy’ A meeting of the Monetary and Fiscal Policies Co-ordination Board was held here under the chairmanship of Federal Minister for Finance, Economic Affairs, Statistics and Privatisation Senator Ishaq Dar on Tuesday. Other members of the Board present at the meeting included Federal Minister for Planning, Development and Reforms, Federal Commerce Minister, Governor SBP, Secretary Finance,...


Asian stocks mostly up after Wall St records

By: Web Desk, Uploaded: 11th November 2014

Asian stocks mostly up after Wall St records HONG KONG- Asian markets mostly rose Tuesday after US shares tapped fresh records for a fourth straight session, while a weaker yen helped Japan’s Nikkei extend its recent rally. Tokyo rose 0.61 percent, Hong Kong added 0.27 percent, Seoul put on 0.12 percent and Shanghai gained 0.40 percent. Sydney was 0.23 percent lower. Wall Street...


Tokyo stocks up 0.76% by break

By: Web Desk, Uploaded: 11th November 2014

Tokyo stocks up 0.76% by break TOKYO- Tokyo stocks rose 0.76 percent on Tuesday morning thanks to a weaker yen and following another record close for the Dow and S&P 500 on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange added 126.75 points to 16,907.28 by the break, while the Topix index of all first-section shares climbed 0.37...


Hong Kong stocks up 0.63% by lunch

By: Web Desk, Uploaded: 11th November 2014

Hong Kong stocks up 0.63% by lunch HONG KONG- Hong Kong stocks rose 0.63 percent Tuesday morning, adding to the previous day’s healthy gains, following another record close on Wall Street. The benchmark Hang Seng Index advanced 149.26 points to 23,893.96 on turnover of HK$55.42 ($7.15 billion). SOURCE:...


Dollar edges down in Asia, eyes on Japan growth

By: Web Desk, Uploaded: 11th November 2014

Dollar edges down in Asia, eyes on Japan growth TOKYO- The dollar slipped in Asia on Tuesday after ratcheting up big gains against the yen this month, while investors look ahead to the release next week of Japanese third-quarter economic growth data. In Tokyo midday trade, the greenback slipped to 114.71 yen, from 114.83 yen in New York, although it is still well still...


Annuity: The way to kick the retirement ‘s headache away

By: Humair Rana, Uploaded: 10th November 2014

Annuity: The way to kick  the retirement ‘s headache  away The best way to counter vexing circumstance after retirement is to get that kind of financial instrument by which someone can receive steady income or lump sum amount that is where annuity serve our purpose. Therefore, excellent way to earn steady income without any worry of market risk is through annuity. Annuity: Annuity is a...


Dollar weakens in Asia on mixed US jobs data

By: Web Desk, Uploaded: 10th November 2014

Dollar weakens in Asia on mixed US jobs data TOKYO- The dollar weakened against the yen in Asia on Monday after surging last week to seven-year highs last week, while a closely watched US jobs report missed expectations. In midday Tokyo trading, the greenback fetched 114.24 yen, down from 114.62 yen in New York and sharply lower than the 115.39 yen in Tokyo earlier...


UK, Scotland Economy and Referendum

By: Humair Rana, Uploaded: 9th November 2014

UK, Scotland Economy and Referendum The win of Pro-independence Scottish National Party in 2011 election overwhelmingly has brought about a Marathon of “Yes” or “NO” in the UK. Although the result has come out and the majority of Scots want to stay in union, but the battle between both of these countries has been ended or not, it is still...


Petroleum prices cut in international market

By: Humair Rana, Uploaded: 8th November 2014

Petroleum prices cut in international market The perplexing plummet in oil prices over the past few months has gripped the investors that have brought about the questions with regard to crude as a safe haven status-crude prices was hovering around 105.47 dollar in 1st/June/2014 and now has plunged to 80.89 so far - and murmurs has become talk of the town in every corner of the world....


Euro struggles in Asia after fall on ECB chief comments

By: Web Desk, Uploaded: 7th November 2014

Euro struggles in Asia after fall on ECB chief comments TOKYO- The euro struggled to recover against the dollar in Asia Friday after hitting a more than two-year low in New York as the head of the European Central Bank said he was prepared to unveil more measures to kickstart the eurozone economy. In Tokyo, the single currency fetched $1.2373 against $1.2371 in New York,...


OPEC stance in Price reduction

By: Humair Rana, Uploaded: 6th November 2014

OPEC stance in Price reduction The plummeting crude price as a result of lower than expected economic recovery, strong dollar and USA Shale oil has resulted in shocking waves amidst the producers as well as investors .Over the past quarter, price of  WTI crude has fallen from  96 dollar per barrel  to 79.98 dollar while Brent crude has sharply decreased...


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