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  Home > Finance > Business News
 Latest Business and Finance News
Goldman Sachs says BES investment was on behalf of clients [Reuters]
LISBON (Reuters) - Goldman Sachs's 2.27 percent interest in Portugal's Banco Espirito Sant ...Detail
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Wall St. set to rise on earnings; world conflicts eyed  [Reuters] 23 Jul, 2014
NEW YORK (Reuters) - U.S. stocks were set to rise slightly at the open on Wednesday, boosted by bullish earnings from companies like Boeing, Pepsi and Microsoft, though conflicts in Ukraine and the Gaza Strip weighed on investor c ...
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Stock futures tick up on earnings, world conflicts eyed  [Reuters] 23 Jul, 2014
NEW YORK (Reuters) - U.S. stock index futures edged up on Wednesday, boosted by bullish earnings from companies like Microsoft and Boeing, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence.
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Higher commercial jet deliveries boost Boeing's profit  [Reuters] 23 Jul, 2014
(Reuters) - Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries and raised its full-year earnings forecast.
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Japan readies fuel cell subsidies in bet on Toyotas next big thing  [Reuters] 23 Jul, 2014
TOKYO (Reuters) - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections ...
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PepsiCo raises profit forecast as North America snack sales rise  [Reuters] 23 Jul, 2014
(Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America.
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Delta Air quarterly profit rises, aided by U.S. demand  [Reuters] 23 Jul, 2014
(Reuters) - Delta Air Lines on Wednesday posted a higher quarterly profit as it flew fuller planes and had revenue increases in the United States and Europe.
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Boeing profit gets boost from increased deliveries  [Reuters] 23 Jul, 2014
(Reuters) - Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries.
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GSK cuts outlook as weak lung drug sales and strong pound hit  [Reuters] 23 Jul, 2014
LONDON (Reuters) - GlaxoSmithKline cut its 2014 outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out o ...
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PepsiCo quarterly profit falls 2 percent  [Reuters] 23 Jul, 2014
(Reuters) - PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America.
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NY Fed found serious problems at Deutsche Bank's U.S. arms: source  [Reuters] 23 Jul, 2014
FRANKFURT, (Reuters) - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person ...
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Whirlpool posts lower profit, cuts outlook on acquisition expenses  [Reuters] 23 Jul, 2014
(Reuters) - Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions.
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Bank and business at odds over rates  [BBC News] 23 Jul, 2014
line Bank of England minutes show officials are still wary over raising interest rates while the Institute of Directors believes the Bank is being too cautious.
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President summons NA session on Aug.4  [Business Recorder] 23 Jul, 2014
ISLAMABAD: President Mamnoon Hussain has summoned session of the National Assembly to meet on Monday (August 4) at 1600 hours at the Parliament House.The President has summoned the session in exercise of the powers conferred by cl ...
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LSE gains 12.35 points  [Business Recorder] 23 Jul, 2014
LAHORE: The Lahore Stock Exchange here Wednesday witnessed bullish trend by gaining 12.35 points as the LSE Index-25 opened with 5490.05 points and closed at 5502.40 points.The market's overall situation, however, did not ...
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LSE's Eid, Jumatul-Wida holidays  [Business Recorder] 23 Jul, 2014
LAHORE: The Lahore Stock Exchange will remain closed from July 29 to August 1, 2014 on account of Eid-ul-Fitr Holidays, said the LSE spokesman here Wednesday. The ultra trade and the office of the Exchange shall resume with pre-Ra ...
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SBP issuance of fresh notes to general public  [Business Recorder] 23 Jul, 2014
ISLAMABAD: The State Bank of Pakistan (SBP) has decided to further facilitate issuance of fresh currency notes to general public during ongoing month of Ramazan.For the purpose the field offices of SBP BSC shall also start issuing ...
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Fiat CEO says tie-up with Volkswagen was never on agenda  [Reuters] 23 Jul, 2014
TURIN Italy (Reuters) - The chief executive of Fiat Chrysler on Wednesday quashed all speculation of a possible tie-up with Germany's Volkswagen saying the idea had never been on the agenda.
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Bank of England still wary on rates  [BBC News] 23 Jul, 2014
Bank of England minutes show officials are still cautious over raising interest rates in the face of low wage growth and a possible slowdown later this year.
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Europe edges up on earnings, risk aversion remains  [Reuters] 23 Jul, 2014
LONDON (Reuters) - European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of ...
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Airline route assessments criticised  [BBC News] 23 Jul, 2014
Safety assessments for risky air routes are "not good enough", the British Airline Pilots Association says.
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UK licensing arms exports to Russia  [BBC News] 23 Jul, 2014
Licences to export arms worth millions of pounds to Russia remain in place despite fears Moscow is arming rebels in Ukraine, MPs have said.
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Asian shares extend gains on Wall St rally, euro sinks  [Geo TV] 23 Jul, 2014
HONG KONG: Asian markets rose Wednesday, adding to the previous day´s rally, following a positive lead from Wall S
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Pakistani importers buy 35,000 T Black Sea sunflower seed  [Business Recorder] 23 Jul, 2014
HAMBURG: Pakistani importers have purchased about 35,000 tonnes of sunflower seed to be sourced from the Black Sea region, excluding Bulgaria, European traders said on Wednesday.It was purchased at about $430 a tonne c f with 44 p ...
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Pakistani ready made clothes more preferred than stitched clothes  [Business Recorder] 23 Jul, 2014
KARACHI: The most comfortable and convenient Pakistan clothing for women and children is Shalwar Kameez, embroidery shirts, trousers, pants Ready made collection is the best option when there is no time to spare. In Pakistan the r ...
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Growers advised to sow onion nursery from last week of July  [Business Recorder] 23 Jul, 2014
MULTAN: Agriculture experts have advised growers to begin onion nursery sowing from last week of July in soil having proper water absorption capability to get good production.Before sowing, growers must mix animal waste fertilizer ...
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China detains five over meat scandal  [BBC News] 23 Jul, 2014
KFC in China China detains five people as part of its probe into a firm that allegedly supplied out of date meat to fast food chains, including McDonald's and KFC.
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141 shopkeepers fined over profiteering  [Business Recorder] 23 Jul, 2014
FAISALABAD: Price control magistrates fined 141 shopkeepers over profiteering.According to a spokesman for the local administration, price control magistrates conducted surprise raids in various bazaars, markets, shopping plazas a ...
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Cloudy weather to continue with chance of rain  [Business Recorder] 23 Jul, 2014
LAHORE: The local met department has forecast generally cloudy sky with possibilities of light rain and thunderstorm in some parts of the province, including the provincial capital during next 48 hours.According to daily weather r ...
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Five held in China food scandal probe, including head of Shanghai Husi Food  [Reuters] 23 Jul, 2014
SHANGHAI (Reuters) - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, o ...
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Asia stocks rise as focus shifts from risk aversion, Aussie spikes  [Reuters] 23 Jul, 2014
TOKYO (Reuters) - An index of Asian shares touched a fresh three-year high on Wednesday as some markets focused on company earnings more than geopolitical tensions while the Australian dollar spiked on stronger-than-expected infla ...
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