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 Latest Business and Finance News
Oil prices down after weak China, Europe data [Geo TV]
SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top ene ...Detail
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Oil prices down after weak China, Europe data  [Geo TV] 02 Sep, 2014
SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer C
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Dollar, euro surge against yen in Asian trading  [Geo TV] 02 Sep, 2014
TOKYO: The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepar
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Frankfurt court bans Uber taxi services across Germany  [Reuters] 02 Sep, 2014
FRANKFURT (Reuters) - A regional German court has issued a temporary injunction against Uber, the U.S.-based online chauffeur service, saying its drivers lacked necessary commercial permits, potentially barring the company from op ...
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German August car sales down about 0.5 percent: source  [Reuters] 02 Sep, 2014
FRANKFURT (Reuters) - Sales of new cars in Germany, Europe's biggest auto market, declined about 0.5 percent in August, an industry source familiar with the matter told Reuters on Tuesday.
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McDonald's to boost China supplier audits after food safety scandal  [Reuters] 02 Sep, 2014
SHANGHAI (Reuters) - McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Br ...
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Boris Island airport plan 'not dead'  [BBC News] 02 Sep, 2014
Artist's impression of island airport Mayor of London Boris Johnson says plans for an airport in the Thames Estuary, dubbed "Boris Island", are not dead despite a commission looking into the UK's airport needs rejecting the idea.
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Asia shares mixed, Tokyo boosted by weak yen  [Geo TV] 02 Sep, 2014
HONG KONG: Asian markets were mixed on Tuesday, with Tokyo jumping more than one percent as the yen sank against t
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Basel III deposit challenge looms over Islamic banks  [Reuters] 02 Sep, 2014
(Reuters) - As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
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PTI MPAs pay millions of rupees income tax on their salaries  [Business Recorder] 02 Sep, 2014
PESHAWAR: Contrary to the civil disobedience call of their party leader, the Pakistan Tehreek-e-Insaaf legislators in the Khyber Pakthunkhwa Assembly paid income tax as no written submission was made to the Accountant General offi ...
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77 shopkeepers fined for violating official price list  [Business Recorder] 02 Sep, 2014
KARACHI: Commissioner Karachi, Shoaib Ahmad Siddiqui Tuesday said that Karachi divisional and district administration has challaned 77 shopkeepers and imposed a fine of Rs 77,700 for violating the official price list for edible it ...
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Boris Island airport plan rejected  [BBC News] 02 Sep, 2014
A plan for an island airport in the Thames Estuary, dubbed "Boris Island", is rejected by the commission looking into the UK's airport needs.
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Eric Cantor to join investment bank Moelis as vice chairman  [Reuters] 02 Sep, 2014
(Reuters) - Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.
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Asian stocks fall, ECB uncertainty continues to pummel euro  [Reuters] 02 Sep, 2014
TOKYO (Reuters) - Asian shares slipped on Tuesday as a U.S. holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank's policy decision later this week.
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Burger King has maneuvered to cut U.S. tax bill for years  [Reuters] 02 Sep, 2014
LONDON (Reuters) - Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain's aggressive tax-reduction strategies in rece ...
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Insider traders in U.S. face longer prison terms, Reuters analysis shows  [Reuters] 02 Sep, 2014
NEW YORK (Reuters) - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense ...
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U.S. business lobby says concerned China antitrust probes unfair  [Reuters] 02 Sep, 2014
BEIJING (Reuters) - Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker ...
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PML-F chief for amicable resolution of political impasse  [Business Recorder] 02 Sep, 2014
KARACHI: The spiritual leader of Hurs and Pakistan Muslim League-Functional (PML-F) chief Pir Sibghatullah Shah Rashidi has called for the resolution of prevailing political turmoil in the country through reconciliation.In a state ...
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China won't force foreign auto parts makers to form local JVs: EU trade body  [Reuters] 02 Sep, 2014
SHANGHAI (Reuters) - The European trade body in China said Beijing is not planning to force foreign auto parts suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern ...
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Asian stocks dip, euro stuck near one-year lows  [Reuters] 02 Sep, 2014
TOKYO (Reuters) - Asian shares drifted lower on Tuesday, with momentum from prior gains fading as investors were left short of cues with the U.S. markets closed on Monday, while the euro continued to probe one-year lows in the unc ...
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China anti-trust probes not protectionist, regulator says  [Reuters] 02 Sep, 2014
SHANGHAI (Reuters) - China's latest antitrust probes, which have hit firms such as Microsoft and Volkswagen AG , are not protectionist tools that favor domestic firms, an official of the country's price regulator told th ...
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Payday loan hardship cases 'up 42%'  [BBC News] 01 Sep, 2014
The number of people struggling with payday loans has risen by 42% in the past year, according to the debt charity StepChange.
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China's Li Ning stumbles from gold medal position to no man's land  [Reuters] 01 Sep, 2014
HONG KONG (Reuters) - In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games.
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Investors look past Ukraine, focus on ECB  [Reuters] 01 Sep, 2014
LONDON (Reuters) - World markets advanced on Monday 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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Hollande, Draghi agree on threat of deflation: official  [Reuters] 01 Sep, 2014
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union's economy, an official in the president ...
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Boris Island airport plan 'rejected'  [BBC News] 01 Sep, 2014
A plan for an island airport in the Thames Estuary, dubbed "Boris Island", looks set to be shelved, the BBC understands.
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Imperial Tobacco closes $13 billion of loans  [Reuters] 01 Sep, 2014
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks said on Monday.
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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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Joint session of Parliament on Tuesday  [Business Recorder] 01 Sep, 2014
ISLAMABAD: President Mamnoon Hussain Tuesday summoned the joint sitting of the Parliament on Tuesday (Sept 2).According to a press release issued by the National Assembly Secretariat, the Majlis-e-Shoora will meet at 1100 hours in ...
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