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 Latest Business and Finance News
Tokyo stocks open 0.67 percent lower [Geo TV]
TOKYO: Tokyo stocks opened 0.67 percent lower on Thursday after Wall Street snapped a three-day rall ...Detail
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Yahoo set to outline cost-cutting efforts: WSJ  [Reuters] 20 Oct, 2014
(Reuters) - Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a ...
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Asia markets surge after Wall St rally  [Geo TV] 20 Oct, 2014
HONG KONG: Asian markets rallied Monday following a rise in New York at the end of last week, while a yen sell-off
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Pakistan, Afghanistan to develop friendly ties in near future  [Business Recorder] 20 Oct, 2014
ISLAMABAD: Analyst Ghulam Mustafa has said that peace in Afghanistan is very important for the Asian countries especially for Pakistan.Talking to Radio Pakistan, he said that newly elected Afghan President, during his speeches, sa ...
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Sale of dry fruit on peak  [Business Recorder] 20 Oct, 2014
ISLAMABAD: With the advent of winter season, demand of dry fruit has surged in twin cities of Rawalpindi and Islamabad where vendors and dry fruits shops displayed fresh supply of variety of dry fruits.In winter dry fruits are an ...
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Poultry has potential for its export to $2bn: VC  [Business Recorder] 20 Oct, 2014
LAHORE: Poultry products exports of the country can get a major boost if a proper processing system of is evolved on modern lines. This was stated by Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof. ...
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Mobile phone operator upgrading system to improve performance  [Business Recorder] 20 Oct, 2014
ISLAMABAD: China Mobile Pakistan has decided to upgrade its infrastructure to support its growing network and customers base.In this regard, the company has partnered with Teradata to replace its existing data warehouse systems wi ...
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Chief Naval Staff facilitated on assuming charges  [Business Recorder] 20 Oct, 2014
ISLAMABAD: Federal Minister for Finance Monday felicitated Admiral Muhammad Zakaullah on assuming his responsibilities as Chief of Naval Staff.Chief of the Naval Staff, Admiral Muhammad Zakaullah, HI(M) Monday paid a courtesy call ...
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Security plan finalized for President's visit to GB  [Business Recorder] 20 Oct, 2014
GILGIT: Brisk preparations afoot for the two-days Gilgit Baltistan (GB) visit of President Mamnoon Hussain, while comprehensive arrangements have been made to provide foolproof security during the visit.According to official sourc ...
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MusaPak Express train restored  [Business Recorder] 20 Oct, 2014
LAHORE: Pakistan Railways has restored MusaPak Express train from Lahore to Multan here on Monday to facilitate citizens.The train started its operation here at 12:30 am on Monday from Lahore for Multan after a gap of three years. ...
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PP-162 by-polls on Thursday  [Business Recorder] 20 Oct, 2014
LAHORE: By-election in constituency PP-162 Sheikhupura (Narang Mandi) would be contested on Thursday (October 23).The main fight would be between Hassan Riaz, Pakistan Muslim League-Nawaz candidate and independent contestant Ch. U ...
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PM meets Governor  [Business Recorder] 20 Oct, 2014
LAHORE: Prime Minister Muhammad Nawaz Sharif on Monday visited Punjab Governor Muhammad Sarwar and held a meeting with him at the Governor's House.The Premier discussed the overall political situation and important nationa ...
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Adidas shares jump on report of bid for Reebok unit  [Reuters] 20 Oct, 2014
BERLIN (Reuters) - Shares in German sportswear firm Adidas AG jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government plan a $2 ...
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SAP cloud sales quicken, deferred sales hit outlook  [Reuters] 20 Oct, 2014
FRANKFURT (Reuters) - German business software maker SAP on Monday cut its outlook for full-year operating profit amid an accelerating shift by customers to buy its software over the Internet rather than as packaged software, dela ...
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StanChart readies to close thousands of UAE accounts as U.S. deadline looms  [Reuters] 20 Oct, 2014
(Reuters) - Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering sett ...
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Japan stocks see biggest gain this year, lead sharp Asia rebound  [Reuters] 20 Oct, 2014
TOKYO (Reuters) - Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.
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SAP cuts profit outlook as more customers switch to cloud  [Reuters] 20 Oct, 2014
FRANKFURT (Reuters) - German business software maker SAP on Monday cut its outlook for full-year operating profit amid an accelerating shift by customers to buy its software over the Internet rather than as packaged software, dela ...
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Karachi police claims to arrest master-mind behind Edhi Centre heist  [Business Recorder] 20 Oct, 2014
KARACHI: Karachi police on Monday claimed to have arrested the master mind behind the heist at Edhi Centre headquarters on Sunday.The arrest of the man in his 30's, whose name was not disclosed by the authorities, was made ...
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Switching sites 'hiding' best deals  [BBC News] 20 Oct, 2014
gas ring Five of the UK's biggest price comparison sites are accused of "hiding" the best energy deals from consumers by one of their rivals
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Japan firms want government action if yen weakens: Reuters poll  [Reuters] 20 Oct, 2014
TOKYO (Reuters) - Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs p ...
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Credibility meets compromise in Europe's bank stress test  [Reuters] 20 Oct, 2014
LONDON (Reuters) - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment"of how well prepared they were to withstand another financial crisis.
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Pilots extend Lufthansa strikes to long-haul flights  [Reuters] 20 Oct, 2014
FRANKFURT (Reuters) - German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline's long-haul flights, in addition to strikes for the carrier's short and mid-length routes announced for Monday an ...
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Asian shares, dollar cheered by upbeat U.S. data  [Reuters] 20 Oct, 2014
TOKYO (Reuters) - Asian stocks started the week on a brighter note on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.
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Major fire at Didcot B power station  [BBC News] 20 Oct, 2014
Didcot B Power Station on fire Dozens of firefighters battled a major fire at Didcot B Power Station, Oxfordshire Fire and Rescue has said.
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UK growth 'to fall to 2.4% in 2015'  [BBC News] 19 Oct, 2014
The UK economy will grow by 2.4% next year, well below the 3.1% growth expected this year, forecasting group EY Item Club says.
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Lufthansa cancels 1,450 flights due to pilots' strike  [Reuters] 19 Oct, 2014
FRANKFURT (Reuters) - Lufthansa is cancelling around 1,450 flights, or two-thirds of planned services, due to a planned strike by pilots on Monday and Tuesday, the airline said on Sunday.
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Germany 'must increase investment'  [BBC News] 19 Oct, 2014
The German government must increase investment to improve competitiveness, says finance minister Wolfgang Schaeuble.
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President condemns Hub incident  [Business Recorder] 19 Oct, 2014
ISLAMABAD: President Mamnoon Hussain on Sunday strongly condemned the tragic incident of killing of labourers near Hub. The President extended condolences to the families of bereaved. He directed the Balochistan government to inve ...
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Sindh CM visits Abdullah Shah Ghazi's shrine  [Business Recorder] 19 Oct, 2014
KARACHI: Sindh Chief Minister Syed Qaim Ali Shah Saturday visited the shrine of Abdullah Shah Ghazi in Clifton area to pay homage to the Sufi saint on the occasion of his annual Urs.The Chief Minister laid flower wreath at the gra ...
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Companies look for more fairness as China eyes legal reforms at key meeting  [Reuters] 18 Oct, 2014
BEIJING (Reuters) - China is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal sy ...
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Tesco accounting black hole to be less than originally stated: Sky  [Reuters] 18 Oct, 2014
LONDON (Reuters) - The world's third largest retailer, Tesco, will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unn ...
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