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 Latest Business and Finance News
Apple's China success sets stage for iPhone 6, new products [Reuters]
(Reuters) - Strong sales of iPhones in China and emerging markets sets the stage for Apple Inc to re ...Detail
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PCG seizes 420kg hashish  [Business Recorder] 21 Apr, 2014
KARACHI: Pakistan Coast Guards (PCG) seized large quantity of fine quality Hashish from general area Tusak near Pasni (Balochistan).According to a press release issued here on Monday, PCG officials received credible information fr ...
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3rd International Finance moot, exhibitioon on April 24-25  [Business Recorder] 21 Apr, 2014
KARACHI: The 3rd International Finance Conference and Exhibition (IFEC) is scheduled to be held on April 24-25 in at a hotel here.Deputy Governor State Bank of Pakistan (SBP) Saeed Ahmed will be chief guest of the event while CEOs ...
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French envoy calls on senior Minister Nisar Khuhro  [Business Recorder] 21 Apr, 2014
KARACHI: Ambassador of France to Pakistan Philippe Thiebaud called on senior Minister Nisar Ahmed Khuhro and discussed issues of mutual interest here on Monday.Discussing law and other situation Nisar Khuhro said that the governme ...
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Asian stocks subdued on Ukraine caution, dollar firms vs yen  [Reuters] 21 Apr, 2014
TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday.
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Bankers win friends again in Europe with lure of easy money  [Reuters] 21 Apr, 2014
BRUSSELS (Reuters) - Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance.
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Three killed, one injured in Quetta firing  [Business Recorder] 21 Apr, 2014
QUETTA: At least three people have reportedly been killed and one injured in firing at Satellite Town area, here on Monday.Police sources said that unknown armed men opened fire at some people on Munir Mengal road in Satellite Tow ...
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Apple, Google vie to offer exclusive game apps: WSJ  [Reuters] 21 Apr, 2014
(Reuters) - Apple Inc and Google Inc are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system, the Wall Street Journal reported, citing people familiar with the ...
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Hajj 2014 applications start receiving from Monday  [Business Recorder] 21 Apr, 2014
ISLAMABAD: The Hajj 2014 applications under the government scheme would be entertained on first come, first served basis from Monday.Designated Banks start receiving Hajj applications under Government Scheme today (Monday), PTV re ...
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Light rain for Malakand, Bannu, DI Khan divisions predicted: Met Office  [Business Recorder] 21 Apr, 2014
PESHAWAR: The Met Office on Monday predicted light rain-thunderstorm at isolated places in Malakand, Bannu and DI Khan divisions in the Khyber Pakthunkhwa province during next 24 hours.According to Met Office, a shallow westerly w ...
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Asian stocks subdued on Ukraine caution in holiday-thinned trade  [Reuters] 21 Apr, 2014
TOKYO (Reuters) - Asian stock markets started the week on a subdued note on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday.
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China seizure of ship could hurt Japan business: Japan spokesman  [Reuters] 21 Apr, 2014
TOKYO (Reuters) - China's seizure of a ship owned by Japanese shipping firm Mitsui O.S.K. Lines Ltd for allegedly failing to pay compensation stemming from a wartime contractual obligation is "extremely regrettable" and could ...
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At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape  [Reuters] 21 Apr, 2014
TOKYO (Reuters) - In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction ...
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Asian stocks subdued in holiday thin trade, Ukraine tensions mount  [Reuters] 21 Apr, 2014
TOKYO (Reuters) - Asian stock markets started the week on a subdued note on Monday, as tensions in Ukraine kept investors cautious amid the absence of catalysts as several markets remained closed for Easter holiday.
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Hidden company owners to be revealed  [BBC News] 20 Apr, 2014
Companies will be forced to declare their true owners on a public register in a move to tackle corruption, Business Secretary Vince Cable says.
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Businesses celebrate Queen's Awards  [BBC News] 20 Apr, 2014
Jaguar Land Rover is among a list of more than 100 winners of Queen's Awards for their success in international trade.
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A tough sell: insurance against a China financial crisis  [Reuters] 20 Apr, 2014
SINGAPORE (Reuters) - Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy.
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Barclays planning exit of some commodities markets: FT  [Reuters] 20 Apr, 2014
(Reuters) - Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial ...
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Brazils president also responsible for refinery deal: ex CEO  [Reuters] 20 Apr, 2014
BRASILIA (Reuters) - Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company ...
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Lexus aloof from China production while Nissan, Honda step in  [Reuters] 20 Apr, 2014
BEIJING (Reuters) - The head of Lexus, the premium brand of Toyota Motor Corp , said on Sunday an emphasis on quality had kept it from manufacturing in China.
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GM to battle VW in China with $12 billion investment and new plants  [Reuters] 20 Apr, 2014
BEIJING (Reuters) - U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
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Mercedes, BMW chase ultra rich clients with new high end cars  [Reuters] 20 Apr, 2014
BEIJING (Reuters) - Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine.
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Pfizer considers $100 billion bid for AstraZeneca: report  [Reuters] 20 Apr, 2014
LONDON (Reuters) - U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported.
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Pipeline delay gives boost to Obama's political base  [Reuters] 20 Apr, 2014
WASHINGTON (Reuters) - The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning base before fall elections in which Democr ...
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SBP to host D-8 Central Banks meeting  [Business Recorder] 20 Apr, 2014
KARACHI: State Bank of Pakistan (SBP) is hosting the Developing Eight (D-8) Countries' Central Banks Experts Meeting on promoting financial inclusion and Islamic Banking on April 21 at National Institute of Banking and Fin ...
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GM to invest $12 billion in China and plans more plants  [Reuters] 20 Apr, 2014
BEIJING (Reuters) - U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's l ...
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In the driving seat: China's yuppies are new market force for global automakers  [Reuters] 20 Apr, 2014
SHANGHAI/BEIJING (Reuters) - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end mo ...
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Federal govt to fully cooperate in probing Hamid Mir attack: Pervaiz  [Business Recorder] 20 Apr, 2014
KARACHI: Federal Minister for Information, Broadcasting and National Heritage Pervaiz Rashid Sunday assured the Sindh government of full cooperation in probing the attack on senior journalist and anchorperson Hamid Mir.Talking to ...
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CM expresses sorrow over the deaths in road mishap  [Business Recorder] 20 Apr, 2014
KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has expressed his deep grief over the loss of lives in fatal traffic accident on National Highway near Pano Aqil on Sunday.In a statement, he expressed condolences and sympathies wi ...
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Pfizer mulls $100 billion bid for AstraZeneca: report  [Reuters] 20 Apr, 2014
LONDON (Reuters) - U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, the Sunday Times reported on Sunday.
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GM aims to boost Cadillac sales in China by 2015  [Reuters] 20 Apr, 2014
BEIJING (Reuters) - General Motors Corp is aiming to sell 100,000 of its flagship Cadillac sedans by 2015 in China, rising from roughly 50,000 last year, as the U.S. car giant taps rising demand in the world's largest auto ma ...
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