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Saturday 7, March 2015
 
 
 
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Market


India cbank eases bank loan rules for low-cost housing

By: Web Desk, Uploaded: 6th March 2015

India cbank eases bank loan rules for low-cost housing MUMBAI: India’s central bank has allowed lenders to add the cost of registration and stamp duty in the total cost of a house valued at not more than 1 million rupees ($16,000) for determining the maximum loan the property can get, in a move aimed at boosting availability of affordable housing. “It has been brought...


US stocks rise after $21 bn AbbVie-Pharmacyclics deal

By: Web Desk, Uploaded: 5th March 2015

US stocks rise after $21 bn AbbVie-Pharmacyclics deal NEW YORK: US stocks opened higher ending a two-day downturn Thursday, with AbbVie’s $21 billion takeover of cancer drug developer Pharmacyclics giving a charge to buyers. Ten minutes into trade, the Dow Jones Industrial Average was up 18.46 points (0.10 percent) at 18,115.36. The broad-based S&P 500 gained 1.34 (0.06 percent) at 2,099.87, while the...


Gold flat around $1,200/oz ahead of ECB meeting, U.S. data

By: Web Desk, Uploaded: 5th March 2015

Gold flat around $1,200/oz ahead of ECB meeting, U.S. data LONDON: Gold steadied around $1,200 an ounce on Thursday after a three-day losing streak, as investors remained cautious ahead of a European Central Bank meeting set to give details on its massive bond-buying programme and the release of key U.S. economic data. The ECB is expected to detail the 1 trillion euro quantitative easing (QE)...


US stocks slip for 2nd day after record run

By: Web Desk, Uploaded: 4th March 2015

US stocks slip for 2nd day after record run NEW YORK: US stocks opened lower for a second day Wednesday after the run that saw new Dow and S&P records and a 15-year high for the Nasdaq on Monday. Five minutes into trade, the Dow Jones Industrial Average was off 71.63 points (0.39 percent) to 18,131.74. The broad-based S&P 500 fell 8.89 (0.42 percent)...


Moody’s treating to CPEC a credit positive, reflective of economic significance of project: Dar

By: Web Desk, Uploaded: 3rd March 2015

Moody’s treating to CPEC a credit positive, reflective of economic significance of project: Dar ISLAMABAD: Finance Minister, Mohammad Ishaq Dar here onTuesday said that Moody’s consideration of government’s commitment to implement China-Pakistan Economic Corridor (CPEC) as a credit positive for Pakistan, is not only reflective of the economic worth of this project but also manifests government’s sincerity to achieve an economic turnaround based on continued agenda of reforms. In...


Wall St to dip at open after latest records, Nasdaq 5,000

By: Web Desk, Uploaded: 3rd March 2015

Wall St to dip at open after latest records, Nasdaq 5,000 NEW YORK: U.S. stocks were set for a modestly lower open on Tuesday, after the Dow and S&P marched to new record highs and the Nasdaq topped the 5,000 mark for the first time in 15 years. The Nasdaq notched its first close above the 5,000 milestone since March 10, 2000, buoyed by merger activity,...


US stocks retreat; Best Buy lifts dividend

By: Web Desk, Uploaded: 3rd March 2015

US stocks retreat; Best Buy lifts dividend NEW YORK: Wall Street stocks Tuesday retreated a day after the Nasdaq topped 5,000 for the first time in 15 years, as electronics retailer Best Buy announced big shareholder payouts. Five minutes into trade, the Dow Jones Industrial Average was at 18,251.99, down 36.64 points (0.20 percent). The broad-based S&P 500 shed 5.76 (0.27 percent)...


Oil market gains ground

By: Hassaan Ali, Uploaded: 3rd March 2015

Oil market gains ground LONDON: Global oil prices rose Tuesday but gains were limited as dealers sat on the sidelines eyeing negotiations aimed at ending a strike at some US crude refineries, analysts said. European benchmark Brent North Sea crude for April delivery won $1.22 to $60.76 a barrel in London midday deals. New York’s West Texas Intermediate (WTI)...


Asian markets rise after China rate cut, US data

By: Web Desk, Uploaded: 2nd March 2015

Asian markets rise after China rate cut, US data HONG KONG: Asian markets rose Monday after China at the weekend cut interest rates for the second time since November, while better-than-forecast US economic data helped push the dollar up against the yen. Investors will also be watching several key events this week, including political gatherings in China, a meeting of the European Central Bank...


As Cushing fills, traders eye Houston to play the storage game

By: Web Desk, Uploaded: 27th February 2015

As Cushing fills, traders eye Houston to play the storage game NEW YORK: As rapidly rising oil stockpiles near the limits of storage tanks in Cushing, Oklahoma, traders are quickly turning their sights south to the U.S. Gulf Coast, where capacity is more plentiful but profits more elusive. The Gulf Coast region boasts nearly 210 million barrels of capacity on oil tank farms, more than a...


US consumer prices fall 0.7% in January

By: Web Desk, Uploaded: 26th February 2015

US consumer prices fall 0.7% in January WASHINGTON: Plunging gasoline prices pulled US consumer prices down sharply in January, giving the consumer price index its first 12-month fall since 2009, the Commerce Department reported Thursday. The official CPI fell 0.7 percent in January from December, on the back of an 18.7 percent drop in gas prices and 9.7 percent fall for energy...


Oil market holds steady

By: Web Desk, Uploaded: 26th February 2015

Oil market holds steady LONDON:  World oil prices steadied Thursday, following solid gains the previous day, as dealers digested a mixed US energy stockpiles report, analysts said. European benchmark Brent North Sea crude for April delivery climbed  13 cents to $61.76 a barrel in London afternoon deals. New York’s West Texas Intermediate (WTI) for April dipped 59 cents to...


SEC probes companies’ treatment of whistleblowers – WSJ

By: Web Desk, Uploaded: 26th February 2015

SEC probes companies’ treatment of whistleblowers – WSJ The U.S. Securities and Exchange Commission has sent letters to several companies asking for years of nondisclosure agreements, employment contracts and other documents to investigate whether companies are muzzling corporate whistleblowers, the Wall Street Journal reported. The inquiries come as SEC officials have expressed concern about a possible corporate backlash against whistleblowers, the newspaper said....


Bullion prices on Wednesday

By: Web Desk, Uploaded: 25th February 2015

Bullion prices on Wednesday KARACHI: Following were the bullion prices in Karachi, Multan and Hyderabad on Wednesday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT        Rs.    40928 Silver Tezabi                 Rs.      582.85 MULTAN:  (per 10 gram) Gold Tezabi-24 CT  Rs.   40380.00 Gold 22 CT               Rs.   36910.00 Silver Tezabi            Rs.     600.00 Silver Thobi             Rs.     550.00 HYDERABAD: (per 10 gram) Gold  24                 ...


Oil gains ground before US energy report

By: Web Desk, Uploaded: 25th February 2015

Oil gains ground before US energy report LONDON:  World oil prices rose Wednesday, but gains were limited before a key report expected to show further build-up in US crude inventories, dealers said. US benchmark West Texas Intermediate (WTI) for April delivery rose 10 cents to $49.38 a barrel. Brent North Sea crude for April climbed 25 cents to stand at $58.91 a...


Oil prices mixed ahead of US supply report

By: Web Desk, Uploaded: 25th February 2015

Oil prices mixed ahead of US supply report SINGAPORE: Oil prices were mixed in Asia Wednesday ahead of a key report expected to show further build-up in US crude inventories, hitting prices in an already oversupplied market, analysts said. US benchmark West Texas Intermediate (WTI) for April delivery fell 16 cents to $49.12 while Brent crude for April gained 13 cents to $58.79...


Indian shares edge higher; defensive stocks up

By: Web Desk, Uploaded: 24th February 2015

Indian shares edge higher; defensive stocks up MUMBAI: Indian shares edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The February derivatives contracts will expire on Thursday, while economic survey data will be released on Friday and the federal budget will be unveiled on Saturday. Consumer companies such as...


Hong Kong stocks end flat ahead of blue chip earnings, Prada soars

By: Web Desk, Uploaded: 24th February 2015

Hong Kong stocks end flat ahead of blue chip earnings, Prada soars HONG KONG: Hong Kong shares ended little changed on Monday, with gains in Tencent Holdings offsetting weakness in casino operators and oil firms and as most investors stuck to the sidelines awaiting major corporate earnings later in the week. The Hang Seng index edged up 0.02 percent to 24,836.76 points, marking its sixth straight session...


Tokyo stocks close 0.74% higher

By: Web Desk, Uploaded: 24th February 2015

Tokyo stocks close 0.74% higher TOKYO: Tokyo stocks rose 0.74 percent Tuesday to a fresh 15 year high as a weaker yen lifted the market ahead of US Federal Reserve chief Janet Yellen’s Congressional testimony and a Greek reform package critical to an extension of its bailout. The Nikkei 225 index at the Tokyo Stock Exchange ended up 136.56 points...


Hong Kong shares ease ahead of blue chip earnings, Prada jumps

By: Web Desk, Uploaded: 23rd February 2015

Hong Kong shares ease ahead of blue chip earnings, Prada jumps HONG KONG: Hong Kong shares dipped on Monday, with oil firms and casino operators leading the slide, as investors’ awaited direction from major corporate earnings later the week, marking a weak start to the Year of Goat. The Hang Seng index eased 0.03 percent to 24,825.02 points by the lunch break, after five straight days...


Malaysia’s Danajamin guarantees aim to diversify bond, sukuk market

By: Web Desk, Uploaded: 23rd February 2015

Malaysia’s Danajamin guarantees aim to diversify bond, sukuk market KUALA LUMPUR: Malaysia’s Danajamin Nasional Bhd, the country’s sole specialised credit guarantor, plans to introduce partial guarantees to encourage a wider range of issuers in the country’s conventional and Islamic bond markets, its top official said. Malaysia is home to Asia’s third largest bond market and has the world’s biggest market for sukuk, but deals...


Australia shares end 0.5 pct higher as banks support

By: Web Desk, Uploaded: 23rd February 2015

Australia shares end 0.5 pct higher as banks support SYDNEY: Australian shares ended 0.5 percent higher on Monday, led by gains in financials, but resources shares were weighed under by a slew of disappointing earnings. Shares in Australian mining services firms fell sharply after they warned they will struggle to increase revenue as big miners slash spending in the face of collapsing commodity prices....


Gulf investors may stay cautious as oil’s gains small

By: Web Desk, Uploaded: 23rd February 2015

Gulf investors may stay cautious as oil’s gains small DUBAI: Gulf stock markets may consolidate further on Monday as oil prices remain below last week’s highs. Brent crude edged up 0.2 percent to $60.34 per barrel by 0530 GMT, helped by cautious optimism that another euro zone crisis over Greek debt has been averted for now by a compromise between Athens and its creditors....


Oil prices fall in New York

By: Web Desk, Uploaded: 21st February 2015

Oil prices fall in New York NEW YORK: New York oil prices fell in late trade Friday, with the WTI contract breaking away from a stable trade in London to fall near the $50 dollar line. West Texas Intermediate for March delivery settled at the official close at $50.32 a barrel, down 82 cents from Thursday, as the contract expired. WTI...


Euro rebounds, stocks surge on Greek loan accord count falls

By: Web Desk, Uploaded: 21st February 2015

Euro rebounds, stocks surge on Greek loan accord count falls NEW YORK: The euro rebounded against the dollar and global equity markets surged to record highs on Friday after Greece and euro zone finance ministers reached an agreement to extend a Greek financial rescue package for four months. Investors had waited a deal all week. But after preparatory talks involving the Greek and German ministers,...


TSX steady as bank shares offset Valeant gain

By: Web Desk, Uploaded: 21st February 2015

TSX steady as bank shares offset Valeant gain TORONTO: Canada’s main stock index ended little changed on Friday as a drop in bank shares ahead of their earnings season helped offset a gain in shares of Valeant Pharmaceuticals International Inc. Bearish sentiment gained momentum as Canadian banks prepared to reported quarterly results next week. Sluggish retail sales data also weighed. Further, a decline...


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