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 Latest Business and Finance News
Pak, China Youth delegation exchanges to enhance closer ties [Business Recorder]
ISLAMABAD: A delegation of Pakistani youth has left for Pakistan after wrapping up their visit to Ch ...Detail
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Auto airbag maker Continental named in GM recall suit  [Reuters] 18 Apr, 2014
(Reuters) - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked ...
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Monte Paschi approves plan to increase cash call to 5 billion euros  [Reuters] 18 Apr, 2014
MILAN (Reuters) - The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion) to help cover any gaps a Europe-wide bank check ...
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Audi expects to sell half million cars in China this year  [Reuters] 18 Apr, 2014
BEIJING (Reuters) - Volkswagen's luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.
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Monte Paschi approves increasing size of capital increase to 5 billion euros  [Reuters] 18 Apr, 2014
MILAN (Reuters) - The board of Italy's Monte dei Paschi di Siena approved increasing the size of a planned capital increase to 5 billion euros ($6.9 billion) from 3 billion euros to absorb any potential loss stemming from a E ...
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GM could benefit, too, from an ignition-switch victims fund  [Reuters] 18 Apr, 2014
(Reuters) - If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. ...
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Polio eradication campaign to move ahead despite rise in cases  [Business Recorder] 18 Apr, 2014
PESHAWAR: During the first fifteen weeks of the current year, as many as 47 children were paralyzed with polio as compared to six during the same period in 2013.The major chunk of these cases have come from Khyber Pakhtunkhwa and ...
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Governor KPK calls on Raja Zafar-ul-Haq  [Business Recorder] 18 Apr, 2014
ISLAMABAD: Governor Khyber Pakhtunkhwa Sardar Mehtab Ahmad Khan Abbasi called on Leader of the House in Senate Raja Zafar-ul-Haq here on Friday.Both the leaders exchanged views on current political situation in the country, accord ...
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JUI-F can rejoin govt after addressing of its apprehensions: Haidari  [Business Recorder] 18 Apr, 2014
MULTAN: General Secretary Jamiat Ulema-e-Islam (F) Senator Maulana Abdul Ghafoor Haidari on Friday said JUI-F could rejoin the government after addressing of its apprehensions on certain policy issues.Talking to the media at airpo ...
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LHC takes notice of two criminals' killing during police raid  [Business Recorder] 18 Apr, 2014
LAHORE: The Lahore High Court Complaint Cell Friday took notice of a press report on administrative side that two alleged outlaws killed during police raid.The cell has directed the district and sessions judge Lahore to look into ...
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SECP undertakes strict monitoring & vigilance of corporate sector  [Business Recorder] 18 Apr, 2014
KARACHI: The Chairman Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood has said that the SECP has been remaking its Standard Operating Procedures (SOPS) and procedures to ease the regulatory compliance.He was ad ...
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Compensation battle rages four years after BP's U.S. oil spill  [Reuters] 18 Apr, 2014
(Reuters) - Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
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Japan investment in Southeast Asia surges amid China slump  [Reuters] 18 Apr, 2014
TOKYO (Reuters) - Japanese companies' investments in Southeast Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labor costs rose, a ...
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Rain likely at few places: Met office  [Business Recorder] 18 Apr, 2014
ISLAMABAD: Pakistan Meteorological Department (PMD) on Friday forecast rain-thunderstorm for isolated places in Kashmir, Rawalpindi, Gujranwala, Lahore, Hazara divisions and Gilgit-Baltistan during the next 24 hours.The synoptic s ...
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11 arrested in crackdown  [Business Recorder] 18 Apr, 2014
MULTAN: Police claimed on Friday to have arrested 11 accused including three proclaimed offenders and recovered drugs and illegal weapons from their possession.According to police, the proclaimed offenders included Ahmad Nawaz, Mu ...
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The robot is ready - so when will deep sea mining start?  [Reuters] 18 Apr, 2014
NEWCASTLE, England/LONDON (Reuters) - The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle ove ...
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Pakistan's first Multi-dimensional Poverty Index initiated by Gov, UNDP, and Oxford ...  [Business Recorder] 18 Apr, 2014
ISLAMABAD: Ministry of Planning, Development and Reform, UNDP and OPHI Friday signed agreement to promote multidimensional poverty measurements and policy applications via knowledge exchange between participants; knowledge sharing ...
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513 culprits arrested in first quarter of 2014  [Business Recorder] 18 Apr, 2014
LAHORE: Punjab Highway Patrol arrested 513 culprits, including proclaimed offenders, and registered 842 cases against them in first quarter of 2014.The PHP sources said on Thursday, officials arrested 121 accused with illegal weap ...
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Passport Office Malir to be shifted in customized building in one month: DG Passport  [Business Recorder] 18 Apr, 2014
KARACHI: Director General of Immigration and Passports Sikandar Sultan Raja paid a surprise visit to Passport offices here and remained there for almost four hours without letting any official know about his presence.At this offic ...
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Musharraf case: court dismisses plea against prosecutor  [Business Recorder] 18 Apr, 2014
ISLAMABAD: The Special Court hearing Article-6 Case against Former President Pervez Musharraf on Friday rejected his plea against the appointment of prosecutor Akram Sheikh.The court headed by Justice Faisal Arab of Sindh High Cou ...
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111 shopkeepers fined; seven arrested  [Business Recorder] 18 Apr, 2014
KARACHI: As many as 111 shopkeepers were challaned and a fine of Rs 2,17,000 were imposed for overcharging in violation to the price list of essential commodities while seven were arrested.Commissioner Karachi Shoaib Ahmed Siddiqi ...
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Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords  [Reuters] 18 Apr, 2014
SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document ...
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Japan, U.S. trade talks in stalemate, ministers to meet again: Japan  [Reuters] 18 Apr, 2014
WASHINGTON/TOKYO (Reuters) - U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps ahead of a summit between th ...
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International Day for Monuments and Sites observed  [Business Recorder] 18 Apr, 2014
ISLAMABAD: International Day for Monuments and Sites (IDMS) with the theme "Heritage of Commemoration" was observed on Friday to raises awareness on preserving and conserving historical and archaeological heritage sites. ...
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Met Office predicts scattered rain for KP, Kashmir, GB, Upper Punjab  [Business Recorder] 18 Apr, 2014
PESHAWAR: The Met Office Friday predicted rain-thunderstorm at scattered places in Khyber Pakthunkhwa, Kashmir, Upper Punjab and Islamabad during next 24 hours.According to Met Office, a westerly wave lies over upper and central p ...
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Ex-BP worker fined over shares trade  [BBC News] 18 Apr, 2014
A BP employee who oversaw the cleanup of the Deepwater Horizon oil spill in 2010 agrees to settle a charge of insider trading.
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Wall Street Week Ahead: Spring fever brings hope for U.S. earnings  [Reuters] 17 Apr, 2014
NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent ...
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Disney sees operating income growth at cable networks  [Reuters] 17 Apr, 2014
LOS ANGELES (Reuters) - Walt Disney Co's cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told ...
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Apache CEO, Vermont activist build alliance on climate issues  [Reuters] 17 Apr, 2014
NEW YORK (Reuters) - Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.
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Ford, IBM to face renewed U.S. lawsuit over apartheid-era abuses  [Reuters] 17 Apr, 2014
NEW YORK (Reuters) - Ford Motor Co and IBM Corp will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the ...
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Disney CFO projects operating income growth at cable networks  [Reuters] 17 Apr, 2014
LOS ANGELES (Reuters) - Walt Disney Co's cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told ...
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