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 Latest Business and Finance News
Master plan for Dubai Design District unveiled [Geo TV]
Dubai: The master plan for the Dubai Design District (d3), being developed by TECOM Investments, was ...Detail
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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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68,000 peoples move to safer places in Sindh: DG PDMA  [Business Recorder] 20 Sep, 2014
ISLAMABAD: Director General of Provincial Disaster Management Authority (PDMA) in Sindh Suleman Shah said that sixty-eight thousand people have been shifted to safer places and they will be sent to their homes very soon.Talking to ...
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Rivers Chenab, Indus continue to run in low flood  [Business Recorder] 20 Sep, 2014
ISLAMABAD: The Federal Flood Commission (FFC) has said that the rivers Chenab and Indus are flowing in Low Flood.According to daily FFC report, the river Chenab is in low flood at Panjnad Headworks with falling trend, where the in ...
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Al Jazeera sues former US vice president Al Gore  [ARY News] 20 Sep, 2014
DOVER: Broadcaster Al Jazeera has gone to court to fight former U.S. vice president Al Gore over $65 million in an escrow account that each claims as part of the sale last year of Current TV to the Qatar-based media company.
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GSK fined in China for paying bribes  [ARY News] 20 Sep, 2014
SHANGAI/LONDON: China fined GlaxoSmithKline Plc a record 3 billion yuan ($489 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for ...
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Alibaba surges on massive demand in trading debut  [ARY News] 20 Sep, 2014
NEW YORK: Alibaba Group Holding Ltd’s shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China’s grow ...
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When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ?
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U.S. court voids RadioShack class-action settlement over card receipts  [Reuters] 19 Sep, 2014
(Reuters) - A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord a ...
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Alibaba surges 38 percent on massive demand in market debut  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a mas ...
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U.S. court tosses Argentina, Citigroup appeal in bond case  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's loc ...
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Wall St. flat as Oracle takes air out of Alibaba debut  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - U.S. stocks closed little changed on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a seco ...
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Wall St. ends flat, tech pressures Nasdaq  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - The Dow and S&P 500 ended Friday's session with slight moves, while the Nasdaq closed lower after Alibaba's strong debut was offset by such falling technology shares as Oracle and Yahoo .
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U.S. judge orders discovery to begin in some GM ignition switch cases  [Reuters] 19 Sep, 2014
(Reuters) - A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.
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Some consumers say Apple is losing its 'cool' factor  [Reuters] 19 Sep, 2014
SAN FRANCISCO (Reuters) - Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday.
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With co-CEOs, Oracle sets challenging course  [Reuters] 19 Sep, 2014
SAN FRANCISCO (Reuters) - By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big com ...
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In film on alternative car fuels, former Shell executive speaks out  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - Frustrated by what he describes as a lack of political courage, a former president of the U.S. unit of Royal Dutch Shell takes center stage in a new documentary film that makes the case for using alternative f ...
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Midcap tech stumbles as Tibco weighs  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - Midcap technology shares were trading lower on Wednesday along with their larger-cap counterparts, weighed down by a drop in Tibco Software after the company posted disappointing results.
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Rivals dash to support Apple Pay for fear of losing out  [Reuters] 19 Sep, 2014
FRANKFURT (Reuters) - In the hype-fueled technology industry, "revolutionary" is a word in danger of losing its meaning.
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In film on alternative car fuels, former Shell exec speaks out  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - Frustrated by what he describes as a lack of political courage, a former president of the U.S. unit of Royal Dutch Shell takes center stage in a new documentary film that makes the case for using alternative f ...
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Exclusive: Exxon Mobil puts Torrance, Calif, refinery up for sale - sources  [Reuters] 19 Sep, 2014
(Reuters) - Exxon Mobil Corp. has put its Torrance, California, refinery on the block, according to two people familiar with the matter, making it the latest big oil company to consider exiting the state amid tougher environmental ...
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Alibaba surges on massive demand in trading debut  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China� ...
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U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme  [Reuters] 19 Sep, 2014
(Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the ...
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Wall St little changed as Oracle fall counters Alibaba hype  [Reuters] 19 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were little changed mid-session on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled.
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