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  Home > Finance > Business News
 Latest Business and Finance News
Worried EU leaders call jobs, growth summit for October 7: draft [Reuters]
BRUSSELS (Reuters) - European Union leaders are set to hold an emergency summit on promoting growth ...Detail
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China graft watchdog probes another executive at Chinese car maker  [Reuters] 30 Aug, 2014
BEIJING (Reuters) - China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company.
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Alibaba set to launch IPO roadshow week of September 8: New York Times  [Reuters] 30 Aug, 2014
HONG KONG (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is set to start formally pitching its New York initial public offering to investors in the week of Sept. 8, the New York Times reported, citing an unnamed ...
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Engineers body shows concern over poor maintenance of civic facilities in Federal Capital  [Business Recorder] 30 Aug, 2014
ISLAMABAD: Institution of Engineers Pakistan (IEP) Rawalpindi-Islamabad chapter has expressed serious concern over poor maintenance of civic facilities including roads and footpaths in the Federal Capital.Talking to a group of jou ...
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Inaugural Hajj flights from Benazir Bhutto Airport leaves for Jeddah on Sunday  [Business Recorder] 30 Aug, 2014
ISLAMABAD: The first Hajj flight SV-727 will leave here on Sunday for Jeddah, Saudi Arabia kicking off the month-long pre-Hajj operation to airlift 28,072 intending pilgrims to holy land for Hajj-2014 from Benazir Bhutto Internati ...
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Indian investigators drop coal scam case against billionaire Birla  [Reuters] 30 Aug, 2014
NEW DELHI (Reuters) - India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on reven ...
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Draw of Rs40,000 prize bond on Monday  [Business Recorder] 30 Aug, 2014
FAISALABAD: The 59th draw of prize bonds worth Rs40,000 each will be held at Hyderabad on Monday (September 1).According to a spokesman of the National Savings, first position holder will be awarded a cash prize of Rs75 million wh ...
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Relief activities for IDPs continue  [Business Recorder] 30 Aug, 2014
ISLAMABAD: The Khyber Pakhtunkhwa Disaster Management Authority has asked Internally Displaced Persons (IDPs) living in Bannu schools to shift to Baka Khel camp where all necessary facilities have been arranged for them.According ...
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Implementation of Rs1bn master plan started  [Business Recorder] 30 Aug, 2014
MIRPURKHAS: Implementation on mega master plan aimed at improvement of sanitary system and beautification of Mirpurkhas has been initiated with an estimated cost of Rs one billion.It was stated by newly appointed Chief Municipal O ...
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Commissioner for responsibility to look after welfare of deserving persons  [Business Recorder] 30 Aug, 2014
KARACHI: The government as well as the civil society has great responsibility to look after the welfare and well-being of deserving people in the society.This was stated by Commissioner Karachi Shoaib Ahmed Siddiqui while presidin ...
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Rogue landlords 'must face crackdown'  [BBC News] 30 Aug, 2014
Housing experts are calling for minimum standards in the private rental market to prevent landlords from exploiting vulnerable tenants.
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China graft watchdog probes another exec at Volkswagen JV  [Reuters] 30 Aug, 2014
BEIJING (Reuters) - China's anti-graft watchdog has said it is investigating a former senior executive at Volkswagen AG's Chinese venture, FAW-Volkswagen Automotive Co Ltd, for corruption, the latest target in a widening ...
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U.S. auto sales seen ending summer without a sizzle  [Reuters] 30 Aug, 2014
DETROIT (Reuters) - U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rea ...
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U.S. coal stocks could gain on Russia tension  [Reuters] 30 Aug, 2014
NEW YORK (Reuters) - Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe's natural gas supply.
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Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, ...
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Exclusive: Intel hires senior Qualcomm exec to boost mobile business  [Reuters] 29 Aug, 2014
SAN FRANCISCO (Reuters) - Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at rival Qualcomm Inc , to step up efforts in mobile and Internet-connected gadgets.
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U.S. judge sets hearing in Argentina bond case over Citi subpoena  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - A U.S. judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings on Friday scheduled a hearing to assess whether Citigroup Inc should be forc ...
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IMF board stands behind Lagarde over French probe  [Reuters] 29 Aug, 2014
WASHINGTON (Reuters) - The International Monetary Fund's board on Friday stood behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe d ...
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OGRA advises reduction in price of petroleum products  [Geo TV] 29 Aug, 2014
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday sent a summary advising the petroleum ministry to
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Exclusive: Intel hires senior exec Faintuch from Qualcomm  [Reuters] 29 Aug, 2014
SAN FRANCISCO (Reuters) - Chipmaker Intel Corp has hired Amir Faintuch, a senior executive from Qualcomm , to co-manage the development of the company's chips, an Intel spokesman said on Friday.
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S&P advances to set new record in quiet session  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest in a string of positive data helped extend a rally that had be ...
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U.S auto sales seen ending summer without a sizzle  [Reuters] 29 Aug, 2014
DETROIT (Reuters) - U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rea ...
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Exclusive: U.S. options exchanges craft rules to fend off turmoil  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transact ...
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AT&T sues Cox Communications for patent infringement  [Reuters] 29 Aug, 2014
(Reuters) - AT&T is suing Cox Communications for infringing eight patents dealing with network quality after the regional cable provider ignored its complaints about the issue and made "billions" off of the technology, accordi ...
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Kraft issues voluntary recall of some American Singles cheese product  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - Kraft Foods Group Inc said on Friday it is voluntarily recalling 7,691 cases of some varieties of its Kraft American Singles as a precautionary measure after a supplier failed to store an ingredient correctly. ...
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Wall Street edges up, set for best month since February  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - U.S. stocks edged higher in a quiet session on Friday as the latest in a string of positive data pushed investors to extend a rally that had been briefly threatened by overseas concerns, although gains were ca ...
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U.S. consumer spending pauses, but rising confidence offers hope  [Reuters] 29 Aug, 2014
WASHINGTON (Reuters) - U.S. consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary.
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Sprint grabs lifeline with rural U.S. roaming deals  [Reuters] 29 Aug, 2014
WASHINGTON (Reuters) - With plans for a T-Mobile US Inc merger in tatters, Sprint Corp is expanding a roaming program with rural cellphone companies that could provide a much-needed way for the debt-laden wireless carrier to cheap ...
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Oracle loses bid to restore $1.3 billion SAP verdict, could get new trial  [Reuters] 29 Aug, 2014
(Reuters) - A federal appeals court on Friday rejected Oracle Corp's bid to restore a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE, and said Oracle may choose to either a ...
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U.S. consumer spending dips; confidence at seven-year high  [Reuters] 29 Aug, 2014
WASHINGTON (Reuters) - U.S. consumer spending fell in July for the first time in six months, but a rise in confidence among households in August to a seven-year high suggested the retrenchment was likely temporary.
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Wall Street edges down but on track for 4th week of gains  [Reuters] 29 Aug, 2014
NEW YORK (Reuters) - U.S. stocks were slightly lower on Friday, with investors finding few reasons to extend a long-running rally, even as the latest economic data joined the trend of better-than-expected reports on the economy.
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