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 Latest Business and Finance News
Moscow courts back closure of three McDonald's branches [Reuters]
MOSCOW (Reuters) - Russian courts on Wednesday backed the temporary closure of three McDonald's ...Detail
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Oil rises before US crude inventories report  [Geo TV] 27 Aug, 2014
LONDON: Global oil prices climbed on Wednesday as dealers awaited the latest US stockpiles report for clues about
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Russian courts close three McDonald's branches in Moscow: agencies  [Reuters] 27 Aug, 2014
MOSCOW (Reuters) - Russian courts on Wednesday ordered the temporary closure of three McDonald's restaurants in Moscow over breaches of sanitary rules, news agencies reported, amid a standoff with the West over Ukraine.
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Suzuki recalls sedans in U.S. as spider webs block gas vents  [Reuters] 27 Aug, 2014
DETROIT (Reuters) - Spiders drawn to gasoline vapors and weaving webs that block a hose to vent those vapors have caused Suzuki Motor of America to recall about 19,000 Kizashi mid-size sedans from model years 2010 to 2013, U.S. re ...
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Wall Street opens flat with indexes near records  [Reuters] 27 Aug, 2014
NEW YORK (Reuters) - U.S. stocks opened flat on Wednesday as investors found few reasons to keep buying after a rally that has taken indexes to repeated records even as there was little seen on the horizon that could derail the ra ...
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IMF's Lagarde put under investigation in French fraud case  [Reuters] 27 Aug, 2014
PARIS (Reuters) - IMF chief Christine Lagarde has been put under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister.
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McDonald's says to appeal court rulings on Moscow branches closures  [Reuters] 27 Aug, 2014
MOSCOW (Reuters) - McDonald's said on Wednesday it would appeal a Moscow courts' rulings ordering the temporary closure of three restaurants in the Russian capital due to sanitary violations.
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ECB speculation drives down yields, weighs on euro  [Reuters] 27 Aug, 2014
LONDON (Reuters) - Euro zone government bond yields plumbed record lows on Wednesday and the euro fell to its weakest in a year against the dollar on expectations the European Central Bank will act soon to counter low growth and s ...
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ECB speculation weighs on euro; stocks buoyant  [Reuters] 27 Aug, 2014
LONDON (Reuters) - The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.
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IMF's Lagarde under investigation  [BBC News] 27 Aug, 2014
Bernard Tapie (March 201$) IMF head Christine Lagarde says she has been placed under formal investigation for negligence in a French fraud case but has not been charged.
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LSM output grows 4 percent in FY 2013-14  [Business Recorder] 27 Aug, 2014
ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July-June (2013 ...
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Textile policy 2014-15 to be announced next month  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Ministry of Textile and Industry would announce new textile policy 2014-15 in first week of September 2014 to plan the future strategy for textile industry and to facilitate the small industry for the economic developme ...
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PM striving to shun negative politics: Saira Tarar  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Minister of State for Health Services, Regulation and Coordination, Saira Afzal Tarar on Wednesday appreciated the positive approach of Prime Minister Muhammad Nawaz Sharif to shun negative politics in the country.Comme ...
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Power shutdown notified  [Business Recorder] 27 Aug, 2014
PESHAWAR: Due to necessary maintenance work, power supply will remain off from 132 KV Gadoon Amazai Grid Station on August 27, 28, 30 from 0800 AM to 0800 PM, resultantly consumers of 11 KV Murghaz, Mania, feeders will face inconv ...
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Russia court closes McDonald's branch for 90 days: agency  [Reuters] 27 Aug, 2014
MOSCOW (Reuters) - A Russian court on Wednesday ordered the closure of a McDonald's restaurant branch in Moscow for 90 days over breaches of sanitary rules, Russia's RIA news agency reported.
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Uber eyes aggressive expansion in Germany despite bans  [Reuters] 27 Aug, 2014
FRANKFURT (Reuters) - U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by ...
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Japan Abe aide Hamada: Could do next sales tax hike in stages  [Reuters] 27 Aug, 2014
TOKYO (Reuters) - Japan could soften the impact of a planned sales tax increase by raising it in stages rather than IN a single hike, an outside adviser to Prime Minister Shinzo Abe said on Wednesday.
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ECB speculation weighs on euro, yields; stocks buoyant  [Reuters] 27 Aug, 2014
LONDON (Reuters) - The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.
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Rs71mn approved for natural gas supply at Rawaplindi: SNGPL  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) has reported that an amount of Rs. 71 million was approved and released for supply of Natural gas to various villages/adjoining `abadies' in District Rawalpindi.Giving d ...
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Rain water dam to be constructed to meet water requirements of NIIA  [Business Recorder] 27 Aug, 2014
ISLAMABAD: The Civil Aviation Authority (CAA) will construct a sustainable rain water dam to meet water requirements of New Islamabad International Airport (NIIA).The dam will be constructed in coordination with Small Dams Organiz ...
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EMO becomes popular money transfer service  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Electronic Money Order (EMO) service has become one of the most popular money transfer services of Pakistan Post.Officials of General Post Office (GPO), claimed that the number of people taking benefits from this servic ...
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Pakistan refuses dialogue with India without addressing IoK issue  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Pakistan on Wednesday said that peace talks with India cannot take place without addressing the long- standing dispute of Indian occupied Jammu Kashmir.Advisor to Prime Minister on National Security and Foreign Affairs ...
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Chinese Ambassador discusses economic cooperation with Finance Minister  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Sun Weidong, Chinese Ambassador to Pakistan called on Finance Minister Senator Ishaq Dar here at Ministry of Finance Wednesday and discussed economic cooperation between the two countries and forthcoming visit of Chines ...
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PRCS provides 10 electric water coolers for IDPs camp  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Pakistan Red Crescent Society (PRCS) provided ten electric water coolers to Baka Khel camp of internally displaced persons (IDPs).According to Radio Pakistan quoting the PRCS Incharge in Bannu that the society is also a ...
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Two ZTBL branches opened  [Business Recorder] 27 Aug, 2014
JHANG: Two new branches of Zarai Taraqiati Bank Limited (ZTBL) were inaugurated, one in Chund Bharwana and the other one in Gojra Morh.Syed Talaat Mahmood, President and Chief Executive officer ZTBL was the chief guest in the inau ...
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Low cost GSM transceiver being developed to enhance signal  [Business Recorder] 27 Aug, 2014
ISLAMABAD: Ministry of Information Technology and Telecommunications (MoIT) is implementing a project for development of a low cost transceiver to enhance GSM signal and ensure strong mobile network coverage.National ICT Research ...
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PARC launches oilseed cultivation campaign to cut oil imports  [Business Recorder] 27 Aug, 2014
ISLAMABAD: The Pakistan Agriculture Research Council (PARC) has prepared a comprehensive action plan to launch a promotional campaign for oilseeds cultivation in Pothowar and Khyber Pakhtunkhwa regions during Rabi 2014- 15.The pla ...
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Met office forecast more rain  [Business Recorder] 27 Aug, 2014
LAHORE: Rain-thundershower accompanied by windstorm occurred at isolated places in Lahore, Sargodha and Gujranwala divisions on Tuesday night causing temperature drop to 35 degree celsius,while humidity level also decreased.Accord ...
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Euro hits fresh lows, Asia shares at highs on ECB buzz  [Reuters] 27 Aug, 2014
SYDNEY (Reuters) - The euro was cracking under pressure on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven ...
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RBS fined 14.5m over mortgage advice  [BBC News] 27 Aug, 2014
Royal Bank of Scotland has been fined 14.5m by the Financial Conduct Authority for giving inappropriate mortgage advice to customers.
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Tokyo stocks open up 0.23 percent  [Geo TV] 27 Aug, 2014
TOKYO: Tokyo stocks opened 0.23 percent higher on Wednesday after Wall Street continued its record-setting bull ru
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