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 Latest Business and Finance News
Investors look past Ukraine, focus on ECB [Reuters]
LONDON (Reuters) - World markets advanced on Monday despite the conflict in Ukraine, focusing on whe ...Detail
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European investors look past Ukraine, focus on ECB  [Reuters] 01 Sep, 2014
LONDON (Reuters) - European markets advanced despite the conflict in Ukraine, focusing on whether the European Central Bank will announce plans for economic stimulus when it meets this week.
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France's Moscovici set for EU economy role, under supervision  [Reuters] 01 Sep, 2014
BRUSSELS (Reuters) - Former French finance minister Pierre Moscovici has a "good chance" of being named to the European Commission's top economic and monetary job, a French diplomatic source said on Monday, as attention turne ...
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Khurram Dastgir condemns attack on state institutions  [Business Recorder] 01 Sep, 2014
ISLAMABAD: Federal Minister for Commerce, Khurram Dastgir Khan strongly condemned attack on state institutions buildings including Parliament and Pakistan Television Corporation by the activists of Pakistan Awami Tehreek (PAT) and ...
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European investors hold nerve as Russia-Ukraine warnings ratchet up  [Reuters] 01 Sep, 2014
LONDON (Reuters) - European markets cautiously navigated warnings that the conflict in Ukraine was sliding out of control, focusing instead on whether the European Central Bank will strengthen its stimulus plans when it meets this ...
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U.S. inflation bonds back in vogue  [Reuters] 01 Sep, 2014
NEW YORK (Reuters) - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking from its post-recession sl ...
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Factory activity in Europe, Asia cools; demand lull a concern  [Reuters] 01 Sep, 2014
BANGALORE/SYDNEY (Reuters) - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexe ...
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Twenty years on, Schaeuble pleads again for core Europe  [Reuters] 01 Sep, 2014
PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble renewed a call for a core group of European Union countries to move ahead faster with economic and political integration, 20 years after his ground-breaking proposal fel ...
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UK manufacturing 'at 14-month low'  [BBC News] 01 Sep, 2014
The UK's manufacturing sector grew at its slowest pace for 14 months in August, a survey finds, while a separate study also suggests a slowdown.
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Europe holds nerve as Russia-Ukraine warnings ratchet up  [Reuters] 01 Sep, 2014
LONDON (Reuters) - European markets cautiously set aside warnings that Russia's conflict with Ukraine was sliding out of control on Monday, as investors focused on the European Central Bank's meeting this week and hopes ...
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Euro zone factory growth slows in August amid Ukraine tension: PMI  [Reuters] 01 Sep, 2014
LONDON, (Reuters) - Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.
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Euro zone factory growth slows in August amid Ukraine tension - PMI  [Reuters] 01 Sep, 2014
LONDON, (Reuters) - Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.
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UK manufacturing growth 'slows'  [BBC News] 01 Sep, 2014
UK manufacturing body the EEF trims its growth forecast for the sector after its members report a slowdown in both orders and output.
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Pervaiz Rashid holds Imran, Qadri responsible for PTV attack  [Business Recorder] 01 Sep, 2014
ISLAMABAD: Minister for Information, Broadcasting and National Assembly Senator Pervaiz Rashid Monday strongly condemned attack on PTV building and termed it an act of aggression and violence.In a statement he said that Imran Khan ...
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Airport expansion 'critical' for UK  [BBC News] 01 Sep, 2014
A single, larger hub airport where passengers can transfer to a range of destinations - is "critical" to the UK's long-term economic growth, says the CBI.
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CM condoles with Commissioner  [Business Recorder] 01 Sep, 2014
PESHAWAR: Chief Minister Pervez Khattak has expressed grief over the demise of father of Commissioner Peshawar Division Capt (R) Muneer Azam khan who breathed his last the other day.The Chief Minister in a condolence message praye ...
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New cotton varieties urged  [Business Recorder] 01 Sep, 2014
MULTAN: Vice President Pakistan Central Cotton Committee Dr Khalid Abdullah has urged cotton scientists to develop new varieties in line with the demands of domestic and international markets.He was talking to cotton scientists du ...
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Asian shares cautiously push higher  [Reuters] 01 Sep, 2014
TOKYO (Reuters) - Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week's European ...
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China gives Microsoft 20 days to provide explanation in anti-trust probe  [Reuters] 01 Sep, 2014
BEIJING (Reuters) - A Chinese anti-trust regulator said on Monday it has given Microsoft Corp 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world&# ...
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30 profiteers arrested in August  [Business Recorder] 01 Sep, 2014
KARACHI: As many as 30 shopkeepers were arrested and sent to jail during the crackdown against the illegal profiteering and violation of the officially approved price list of essential commodities during August.This was said by Co ...
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Walk to mark White Cane Day  [Business Recorder] 01 Sep, 2014
KARACHI: Commissioner Karachi Shoaib Ahmed Siddiqi has said that a walk will be organized to mark the White Cane Day to highlight the significance of the day for blind.This was decided in a meeting with a delegation of Pakistan As ...
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Retreat in China's PMIs heightens calls for policy easing  [Reuters] 01 Sep, 2014
BEIJING (Reuters) - Growth in China's vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling o ...
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China's official PMI slips to 51.1 in August  [Reuters] 01 Sep, 2014
BEIJING (Reuters) - An index of growth in China's vast manufacturing sector fell from a 27-month high to 51.1 in August, a government study showed on Monday, slightly less than forecast and adding to signs of growing softness ...
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Asian shares wobble in early trade, euro sinks  [Reuters] 01 Sep, 2014
TOKYO (Reuters) - Asian shares balked at the starting gate on Monday, skittish in the face of a deepening Ukraine crisis, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.
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Citi to pay allowance to compensate for limited bonuses  [Reuters] 01 Sep, 2014
(Reuters) - Citigroup Inc has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, ...
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UK manufacturing growth cools as export orders slip: EEF  [Reuters] 31 Aug, 2014
LONDON (Reuters) - Britain's main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013.
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Qantas stays loyal to its frequent flyer 'cash cow'  [Reuters] 31 Aug, 2014
SYDNEY (Reuters) - Australia's flagship airline, Qantas Airways Ltd , is making a mint helping other companies keep their customers - even as it struggles to retain the loyalty of its own.
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China banks seek new lending horizons as bad debts rise  [Reuters] 31 Aug, 2014
SHANGHAI/HONG KONG (Reuters) - Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a b ...
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Barclays sells Spanish businesses  [BBC News] 31 Aug, 2014
Barclays Bank sells Spanish businesses for 633m to the country's third largest lender CaixaBank.
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Virgin Money eyes 2 billion pound stock market listing: Sky News  [Reuters] 31 Aug, 2014
(Reuters) - Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News rep ...
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Tantrums, concubines, hotpot burns and smog: China insurers have it covered  [Reuters] 31 Aug, 2014
HONG KONG (Reuters) - Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer ...
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