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 Latest Business and Finance News
Asian stocks struggle higher, lack conviction [Reuters]
SYDNEY (Reuters) - Asian share markets eked out gains on Thursday as dovish comments from the head o ...Detail
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Asian stocks tumble on Wall Street gloom, Ukraine tensions  [Reuters] 14 Apr, 2014
TOKYO (Reuters) - Asian shares gave up more ground on Monday after a dismal week on Wall Street and tensions in Ukraine sapped investors' appetite for risk, which helped underpin the safe-haven yen.
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Investors support deals spree, happy to see U.S. companies buy growth  [Reuters] 14 Apr, 2014
NEW YORK (Reuters) - After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth.
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China's John Zhao seeks more targets in state sector reform  [Reuters] 14 Apr, 2014
BEIJING (Reuters) - Hony Capital, the private-equity firm backed by Legend Holdings, is likely to deploy more capital in China's state-owned manufacturing and healthcare sectors as Beijing seeks to further restructure its gov ...
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GSK faces bribery investigation in Poland: BBC  [Reuters] 14 Apr, 2014
(Reuters) - GlaxoSmithKline Plc is facing a criminal investigation in Poland for allegedly bribing doctors to promote its asthma drug Seretide, BBC Panorama reported on Sunday.
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Stocks slip on Wall Street gloom, yen holds firm  [Reuters] 14 Apr, 2014
TOKYO (Reuters) - Asian share markets gave up more ground in early trade on Monday after a dismal week on Wall Street, helping underpin the safe-haven yen.
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Wages to pass inflation 'this month'  [BBC News] 13 Apr, 2014
Houses in London Wages are set to rise by more than inflation for the first time in almost six years as the UK economy enters a "long period of low inflation", EY says.
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Khursheed calls for looking into closure of PIA offices  [Business Recorder] 13 Apr, 2014
ISLAMABAD: Leader of Opposition Leader in the National Assembly Syed Khursheed Ahmed Shah on Sunday called for looking into closure of five Pakistan International Airline (PIA) offices in Sindh and Balochistan. Khursheed Shah, in ...
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Fed's Kocherlakota touts tax cuts for business spending  [Reuters] 12 Apr, 2014
(Reuters) - Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage from the financial crisis and Great Recession, a top Federal Reserve official said on Sa ...
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Greece's Eurobank gets green light for 2.9 billion euro share issue  [Reuters] 12 Apr, 2014
ATHENS (Reuters) - Greece's third-largest lender Eurobank got approval on Saturday from the country's bank rescue fund, its main shareholder, for a 2.86 billion euro ($3.97 billion) share offering to plug a capital short ...
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Anglo American seeks compensation from Venezuela  [Reuters] 12 Apr, 2014
CARACAS (Reuters) - Anglo American is seeking compensation from Venezuela at a World Bank tribunal over the 2012 cancellation of mining concessions by late president Hugo Chavez's government.
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Ukraine suspends gas payments to Russia until talks conclude  [Reuters] 12 Apr, 2014
KIEV (Reuters) - Ukraine's state-run energy company Naftogaz has suspended gas payments to Russia until the conclusion of price talks, chief executive Andriy Kobolev was quoted as saying on Saturday.
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Billionaire Russian gas trader says U.S. sanctions a badge of honor  [Reuters] 12 Apr, 2014
MOSCOW (Reuters) - Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kremlin following Russia's annexation of Crimea, said being singled out by Washington was a badge ...
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12 criminals arrested in targeted raids  [Business Recorder] 12 Apr, 2014
KARACHI: Pakistan Rangers Sindh has conducted targeted raids in Natha Khan Goth, Harmain Appartments Gulshan-e- Iqbal, Sarya Gali, Nayaabad, Jamali Goth, Malir Khokrapar, Allah Dad Goth, Ranchore Line, Younas Chowrangi and Ghas Ma ...
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IMF sees surge in Pak economy  [Geo TV] 12 Apr, 2014
WASHINGTON: The International Monitory Fund (IMF) says the Nawaz Sharif government has cut the load shedding hours
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U.S. proposes 30-year phase-out of tariffs on Japanese autos - Kyodo  [Reuters] 12 Apr, 2014
TOKYO (Reuters) - The United States has proposed eliminating over 30 years its tariffs on Japanese motor vehicles but Japan rejected the proposal because the time period is unusually long, Kyodo News reported on Saturday.
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ANP leaders condole with Advocate Razaullah  [Business Recorder] 12 Apr, 2014
PESHAWAR: Interim President of Awami National Party (ANP), Haji Muhammad Adeel, Provincial interim president, Bashir Ahmed Matta and provincial spokesman for ANP, Sadruddin Marwat advocate have expresse grief over the demise of un ...
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Judge throws out attempted murder case against baby  [Business Recorder] 12 Apr, 2014
LAHORE: A judge threw out charges of attempted murder against a nine-month-old baby on Saturday, lawyers said, in a case that cast a spotlight on dysfunctional justice system.Baby Musa Khan appeared in court in the city of Lahore, ...
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'Pakistan to always be Kingdom's top ally'  [Business Recorder] 12 Apr, 2014
ISLAMABAD: The first Pak-Saudi Friendship programme was held at the Jeddah Chamber of Commerce and Industry (JCCI), presenting the national songs of both the countries, which were performed by students of Saudi and international s ...
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Pakistan tells UN of its progress in reducing child, infant & maternal mortality  [Business Recorder] 12 Apr, 2014
UNITED NATIONS: Pakistan told a UN panel of the progress it has achieved in reducing child, infant and maternal mortality, and said efforts were being made to align population trend with economic growth potential through better co ...
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Documents show GM's early knowledge of switch defect  [Reuters] 12 Apr, 2014
WASHINGTON/DETROIT (Reuters) - General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens of confidential documents r ...
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Stocks face earnings blues after tech selloff  [Reuters] 12 Apr, 2014
NEW YORK (Reuters) - The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed next week.
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Brazilian tycoon Batista faces insider trading probes  [Reuters] 12 Apr, 2014
RIO DE JANEIRO (Reuters) - Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuild ...
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Brazil's Batista faces insider trading probes  [Reuters] 11 Apr, 2014
RIO DE JANEIRO (Reuters) - Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation by securities industry watchdog CVM for allegedly engaging in insider trading while he chaired his now- ...
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British investors demand banks stick to lockups on share sales  [Reuters] 11 Apr, 2014
LONDON (Reuters) - British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets.
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FBI conducting a probe into Herbalife: sources  [Reuters] 11 Apr, 2014
NEW YORK/BOSTON (Reuters) - The Federal Bureau of Investigation is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investig ...
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Microsoft sued over browser miscue that led to $731 million EU fine  [Reuters] 11 Apr, 2014
SEATTLE (Reuters) - Microsoft Corp's board faces a lawsuit over the way it handled an error with its Internet Explorer browser that ended up costing the company a record-breaking $731 million fine by European antitrust regula ...
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Nasdaq ends below 4,000 for first time since early February  [Reuters] 11 Apr, 2014
NEW YORK (Reuters) - U.S. stocks slid in a volatile session on Friday, with the Nasdaq closing below the 4,000 mark for the first time since early February.
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FBI conducting a probe into Herbalife -sources  [Reuters] 11 Apr, 2014
NEW YORK/BOSTON (Reuters) - The Federal Bureau of Investigation is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investig ...
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Brazil's Batista faces probe for alleged insider trading: watchdog  [Reuters] 11 Apr, 2014
RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil's securities industry watchdog CVM is investigating whether Eike Batista, formerly the country's wealthiest man, engaged in insider trading, it said on Friday.
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Amazon to unveil smartphone in time for holidays: WSJ  [Reuters] 11 Apr, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc is preparing to launch its long-rumored smartphone in the second half of the year, the Wall Street Journal cited people briefed on the company's plans as saying, jumping into a crowded ...
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