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  Home > Finance > Business News
 Latest Business and Finance News
Tesco cuts outlook after finding accounting error [Reuters]
LONDON (Reuters) - Tesco has lowered its forecast for first-half profit by 250 million pounds ($408. ...Detail
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Bank of America shares to rise 50 percent in three years: Barron's  [Reuters] 22 Sep, 2014
(Reuters) - Bank of America Corp , the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday.
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SoftBank estimates $4.6 billion gain from Alibaba listing  [ARY News] 22 Sep, 2014
TOKYO: Japan’s SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding’s share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first da ...
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Volkswagen seeks higher margins with China-only luxury sedan: sources  [Reuters] 21 Sep, 2014
SHANGHAI (Reuters) - Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct compet ...
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Exclusive: Siemens near deal to buy Dresser-Rand - sources  [Reuters] 21 Sep, 2014
NEW YORK/LONDON (Reuters) - The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment makerDresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday.
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General Motors recalls cars over parking brake fire risk  [Reuters] 21 Sep, 2014
WASHINGTON (Reuters) - U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed.
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Germany pushes Airbus for cost cuts on A400Ms: paper  [Reuters] 21 Sep, 2014
BERLIN (Reuters) - Germany's defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than plann ...
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Rangers claim killing two gangsters; four arrested  [Business Recorder] 21 Sep, 2014
KARACHI: Pakistan Rangers Sindh on Sunday claimed to have arrested four members of Lyari gang war, while two criminals were also killed in an alleged encounter with them.Rangers spokesperson said that rangers personnel conducted i ...
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Relief over Scotland gives way to 'Great Stagnation' worries  [Reuters] 21 Sep, 2014
BRUSSELS (Reuters) - Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid ...
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SoftBank estimates $4.6 billion gain from Alibaba listing  [Reuters] 21 Sep, 2014
TOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its ...
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Labour makes 8 minimum wage pledge  [BBC News] 21 Sep, 2014
The minimum wage would rise to 8 per hour by the end of the next parliament if Labour wins the general election, leader Ed Miliband promises.
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Microsoft delays launch of its Xbox One console in China  [Reuters] 21 Sep, 2014
BEIJING (Reuters) - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the ...
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China says will not alter policy because of one economic indicator  [Reuters] 21 Sep, 2014
BEIJING (Reuters) - China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered growth forecasts h ...
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Siemens near deal to buy Dresser-Rand  [ARY News] 21 Sep, 2014
NEW YORK/LONDON: The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday.
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Microsoft delays launch of its Xbox One console in China  [ARY News] 21 Sep, 2014
Microsoft did not give a reason for the delay in a statement on Sunday. The delay is the latest in a series of setbacks for Microsoft in China, where it is under investigation for suspected anti-trust violations related to the
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Master plan for Dubai Design District unveiled  [Geo TV] 20 Sep, 2014
Dubai: The master plan for the Dubai Design District (d3), being developed by TECOM Investments, was unveiled at a
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SBP decides to keep policy rate unchanged at 10 pc  [Geo TV] 20 Sep, 2014
KARACHI: The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged for the next two months –
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German defense industry threatens to move production abroad  [Reuters] 20 Sep, 2014
FRANKFURT (Reuters) - Germany's defense industry lobby has warned that companies were looking into shifting production abroad in response to the country's restrictive arms export policy.
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Air France pilots extend strike until Sept. 26  [Reuters] 20 Sep, 2014
PARIS (Reuters) - Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company's Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday.
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Flood-hit people to be compensated soon: CM  [Business Recorder] 20 Sep, 2014
HAFIZABAD: Punjab Chief Minister Shahbaz Sharif has stressed the need for unity to mitigate sufferings of the flood-hit people.Addressing flood-hit people in Vanike Tarar and Behak Ahmad Yar, he declared the Punjab Government woul ...
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Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources  [Reuters] 20 Sep, 2014
SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the compa ...
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57 criminals including 36 POs held  [Business Recorder] 20 Sep, 2014
MULTAN: Police claimed on Saturday to have arrested 57 criminals including 36 proclaimed offenders during separate raids across the district.The police conducted raided various locations and arrested 36 proclaimed offenders who we ...
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Military plane crash injures two in Quetta  [Business Recorder] 20 Sep, 2014
QUETTA: A Pak army aircraft crashed in Quetta on Saturday injuring two pilots, the military said."Two pilots were wounded after their MFI-17 Mushshak aircraft-fixed gear trainer aircraft, crashed near the hills of Ziarat, abo ...
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Dollar's rally bad news for oil, multinationals  [Reuters] 20 Sep, 2014
NEW YORK (Reuters) - The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
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PRCS set up field hospital in Bannu for IDPs  [Business Recorder] 20 Sep, 2014
ISLAMABAD: Pakistan Red Crescent Society (PRCS) has established a field hospital in Bannu to provide medical facilities to the Internally Displaced Persons (IDPs).According to Radio Pakistan quoting sources of the PRCS that beside ...
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Civil works contract for 128-MW Keyal Khwar project awarded  [Business Recorder] 20 Sep, 2014
ISLAMABAD: Water and Power Development Authority (WAPDA) and a joint venture comprising Sinohydro and Hajvairy Group signed a contract of civil works for Keyal Khwar Hydropower Project worth Rs14.544 billion.WAPDA Member (Water) M ...
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Parliament conveyed to world that Pakistani nation stands for parliamentary form of govt: ...  [Business Recorder] 20 Sep, 2014
ISLAMABAD: PPP Senator Maula Bakhash Chandio said that the joint session of Parliament had successfully conveyed a message to the international community that the entire Pakistani nation reposed confidence in the parliamentary for ...
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Sindh CM forms body to identify tourist sites of Sukkur  [Business Recorder] 20 Sep, 2014
SUKKUR: Sindh Chief Minister Syed Qaim Ali Shah has constituted a three- member committee to ascertain and identify the most attractive tourist sites of Sukkur Division and prepare phase wise plan for the development, projection a ...
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As G20 chases growth goal, members differ on how to get there  [Reuters] 20 Sep, 2014
CAIRNS Australia (Reuters) - As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more governm ...
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Sindh Govt, PPP leadership akin to need for re-modelling Sukkur Barrage: CM  [Business Recorder] 20 Sep, 2014
SUKKUR: Sindh Chief Minister Syed Qaim Ali Shah has said that the PPP leadership and PPP Government in Sindh realise the need of re-modelling or re-placing the Sukkur Barrage in future to protect the economic interests of the peop ...
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Information Minister announces health, sanitation drive from Sept 22  [Business Recorder] 20 Sep, 2014
HYDERABAD: Sindh Minister for Information and Local Government Sharjil Inam Memon has announced the launching of one month long health and sanitation campaign from September 22, 2014 all over Sindh.With consultation of all politic ...
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