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Saturday 1, November 2014

 
 
 




 

Economy


UK: Eelevating inflation squeezing lifestyle of wage earners

By: Humair Rana, Uploaded: 30th October 2014

UK: Eelevating inflation squeezing lifestyle of wage earners The United Kingdom is the seventh largest economy in the world measured by Purchasing Power parity with 2.634 trillion dollars while service sector dominates its economy as it contributes about 78 percent of gross domestic product. On the other hand, significance of financial sector cannot be overlooked as well because London is the world largest...


All Nippon Airways says first-half net profit up 78% at $328 mn

By: Web Desk, Uploaded: 30th October 2014

All Nippon Airways says first-half net profit up 78% at $328 mn TOKYO:  Japan’s All Nippon Airways (ANA) said Thursday its net profit for the six months to September soared about 78 percent to $328 million, citing a Tokyo airport expansion. The carrier said it earned 35.77 billion yen ($328 million) against a 20.07 billion net profit a year earlier, while April to September sales rose 9.1...


Pak-Afghan traders offered to start business through Pakistan Railways

By: Web Desk, Uploaded: 29th October 2014

Pak-Afghan traders offered to start business through Pakistan Railways PESHAWAR: Divisional Superintendent Pakistan Railways, Ali Muhammad Afridi here Wednesday has asked the Pak-Afghan Traders Groups to start Afghan Transit Traders business through Pakistan Railway and assured to provide every kind of facility to business community in this regard. A meeting to this effect was held here and was attended by President Pak-Afghan Traders Group,...


Exchange rates for Currency notes

By: Web Desk, Uploaded: 29th October 2014

Exchange rates for Currency notes Selling Buying U.S.A 104.03                         101.56 S.ARABIA 27.59             27.19 U.K 167.86          163.88 JAPAN 0.9618          0.9385 EURO 132.49          129.35 U.A.E 28.32              27.08 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 0.3227 29-10-2014 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS...


Singapore, New Zealand, Hong Kong best for business

By: Web Desk, Uploaded: 29th October 2014

Singapore, New Zealand, Hong Kong best for business WASHINGTON- Small and well-run Singapore, New Zealand and Hong Kong are the world’s easiest places to run a business, while global giants China, Brazil and India remain far down the list, according the World Bank. Three small but hot Pacific economies led the Bank’s annual “Doing Business” report, released Wednesday, which focuses on where businesses...


Asia shares rise as Fed meeting wraps up

By: Web Desk, Uploaded: 29th October 2014

Asia shares rise as Fed meeting wraps up HONG KONG- Asian markets rose Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about interest rate plans for the world’s largest economy. Tokyo stocks rose 1.38 percent by the break, Hong Kong was up 0.88 percent, Shanghai gained 0.36 percent and Seoul climbed 1.16 percent. Sydney edged...


European stocks open higher

By: Web Desk, Uploaded: 28th October 2014

European stocks open higher LONDON: European stock markets opened with solid gains on Tuesday, as London’s benchmark FTSE 100 index grew 0.65 percent to 6,404.52 points. Frankfurt’s DAX 30 jumped 0.90 percent to 8,983.06 points and in Paris the CAC 40 climbed 0.26 percent to stand at 4,107.57 compared with Monday’s closing value. Europe’s main stock markets had fallen...


Asia markets mixed, eyes on Fed meeting

By: Web Desk, Uploaded: 28th October 2014

Asia markets mixed, eyes on Fed meeting HONG KONG- Asian markets were mixed Tuesday ahead of the US Federal Reserve’s next policy meeting, which will be scrutinized for an idea of what its plans are for interest rates. Wall Street provided little direction as investors took a breather after last week’s strong performance across all three main indexes. Tokyo was down 0.76...


Dollar steady in Asia before Fed meeting

By: Web Desk, Uploaded: 28th October 2014

Dollar steady in Asia before Fed meeting TOKYO- The dollar held steady in Asia on Tuesday before the US Federal Reserve starts a two-day policy meeting that is expected to see it wind up its six-year-old stimulus programme. The greenback edged up to 107.84 yen in late morning Tokyo trade from 107.78 yen in New York. The euro firmed to $1.2713 and...


Euro rises on relief over ECB health test

By: Web Desk, Uploaded: 27th October 2014

Euro rises on relief over ECB health test TOKYO- The euro firmed against other major currencies in Asia on Monday after the European Central Bank gave a large majority of banks in the region a clean bill of health. The common currency rose to $1.2690 and 137.06 yen in Tokyo morning trade from $1.2666 and 136.97 yen in New York Friday afternoon. The...


PPL following string of gas discoveries distributes 125% cash dividends

By: Web Desk, Uploaded: 24th October 2014

PPL following string of gas discoveries distributes 125% cash dividends KARACHI: Consequent to significant gas and condensate discoveries made by Pakistan Petroleum Limited (PPL) the company has distributed 125% cash dividend to its shareholders during fiscal year that ended this June. Chairman, PPL, Waqar A Malik addressing its 63rd Annual General Meeting here Friday said the company besides payment of final cash dividend of 75%...


GLOBAL MARKETS-Stocks jump on U.S. corporate results, bonds fall

By: Web Desk, Uploaded: 24th October 2014

GLOBAL MARKETS-Stocks jump on U.S. corporate results, bonds fall NEW YORK: Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on stronger American and German economic reports. Results from Caterpillar Inc and 3M Co, both Dow components, reassured investors that companies with large overseas...


Filing returns: KCCI for extension of date

By: Web Desk, Uploaded: 24th October 2014

Filing returns: KCCI for extension of date President of Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has urged the Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns and wealth statements as the taxpayers are facing immense hardships. President KCCI, in his statement on Thursday, emphasised FBR to restore the previous online...


Asia shares slip on profit-taking

By: Web Desk, Uploaded: 23rd October 2014

Asia shares slip on profit-taking HONG KONG- Asian markets slipped on profit-taking Thursday following the previous day’s hefty gains but losses were limited after a closely watched indicator showed a slight pick-up in Chinese manufacturing activity. The dollar edged up following a surprising rise in US inflation while the euro faced fresh selling pressure owing to speculation that the European...


Euro flat in Asia after drop on ECB easing plan reports

By: Web Desk, Uploaded: 22nd October 2014

Euro flat in Asia after drop on ECB easing plan reports TOKYO- The euro held steady in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme. In Tokyo morning trade, the common currency fetched $1.2720 and 136.01 yen against $1.2714 and 136.04 yen in New York late Tuesday. The single currency had been at...


Asia shares boosted by Wall St rally

By: Web Desk, Uploaded: 22nd October 2014

Asia shares boosted by Wall St rally HONG KONG- Asian markets pushed higher Wednesday, taking a lead from fresh gains in New York and Europe in response to reports that the European Central Bank will widen its stimulus programme. Speculation about further monetary easing in the eurozone pushed the euro lower, while the dollar gave up some of its US gains in...


Dollar eases in Asia after weak China data

By: Web Desk, Uploaded: 21st October 2014

Dollar eases in Asia after weak China data TOKYO- The dollar slipped in Asia on Tuesday as weak Chinese growth data rekindled concerns about the global economy. In Tokyo afternoon trading, the greenback slipped to 106.59 yen against 106.92 yen in New York. The euro rose to $1.2810 from $1.2800, while it weakened to 136.54 yen from 136.86 yen in the US. Traders...


Asia shares slip after China growth data

By: Web Desk, Uploaded: 21st October 2014

Asia shares slip after China growth data HONG KONG- Asian markets mostly sank Tuesday, giving up much of their gains from the previous session, as data showing China’s economy growing at its slowest pace in five years trumped another positive lead from Wall Street. After the wild swings of last week that were fuelled by global growth fears, Monday’s hefty advances across...


BIS chief economist warns of dangers of easy money

By: Web Desk, Uploaded: 20th October 2014

BIS chief economist warns of dangers of easy money FRANKFURT: The current ultra-expansive monetary policy around the world could pose a threat to financial stability, the chief economist of the Bank of International Settlements (BIS) in Basel warned on Monday. In an interview with the German daily Die Welt, the chief economist of the Basel-based BIS, Claudio Borio, warned of the dangers of easy...


Weekly Inflation decrease 1.13 percent

By: Web Desk, Uploaded: 17th October 2014

Weekly Inflation decrease 1.13 percent ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on October 16 for the lowest income group up to Rs. 8,000 registered decrease of 1.13 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 209.14 points against 211.52 points registered in...


European stock markets rally in initial trading

By: Web Desk, Uploaded: 17th October 2014

European stock markets rally in initial trading LONDON: European stock markets rose at  the start of trading on Friday, the end of an immensely volatile week for shares as investors fear a return to recession in the eurozone. London’s benchmark FTSE 100 index of top companies gained 0.29 percent to open at 6,214.05 points compared with Thursday’s closing level. Frankfurt’s DAX 30...


US STOCKS-S&P 500, Nasdaq end higher with energy; Dow down 6th day

By: Web Desk, Uploaded: 17th October 2014

US STOCKS-S&P 500, Nasdaq end higher with energy; Dow down 6th day NEW YORK: The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session, as economic data eased fears about the potential effect of a weakening global economy on the United States. The Dow closed down for sixth straight session, matching a six-day losing streak in August of last year and leaving...


Google shares hit as profit dips

By: Web Desk, Uploaded: 17th October 2014

Google shares hit as profit dips SAN FRANCISCO: Google said Thursday its profit in the past quarter dipped slightly from a year earlier, even as revenues for the technology giant showed a sharp increase. Net third quarter profit fell five percent from the same period a year ago to $2.8 billion, while revenue grew 20 percent to $16.5 billion. Shares in...


Wall Street pulls Europe out of German gloom

By: Web Desk, Uploaded: 15th October 2014

Wall Street pulls Europe out of German gloom LONDON: Strong earnings on Wall Street helped revive European equities on Tuesday after they sank in early trading on gloomy German sentiment and a cut in growth forecasts. London’s benchmark FTSE 100 index ended the day up 0.42 percent at 6,392.68 points, while in Paris the CAC 40 gained 0.23 percent to 4,088.25 points and...


Asian markets sink further on global economy fears

By: Web Desk, Uploaded: 13th October 2014

Asian markets sink further on global economy fears HONG KONG: Most Asian markets came under fresh selling pressure Monday, while the dollar dipped and oil hit multi-year lows, following another round of losses on Wall Street fuelled by global growth concerns. However, Shanghai pared initial heavy losses and Hong Kong ended in positive territory after Chinese official data showed a better than expected...


European shares turn positive as low oil price lifts airline stocks

By: Web Desk, Uploaded: 13th October 2014

European shares turn positive as low oil price lifts airline stocks LONDON: European stock markets turned positive on Monday, recovering from earlier losses, with airline stocks such as Lufthansa and Air France-KLM boosted by a further  drop in the oil price. The euro zone’s blue-chip Euro STOXX 50 index was up by 0.2 percent.Germany’s DAX also advanced by 0.2 percent, although the DAX remained near one-year...


 
 
 



 
 
 



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