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  Home > Finance > Business News
 Latest Business and Finance News
Wall St. up for fourth straight day; S&P ends at record [Reuters]
NEW YORK (Reuters) - U.S. stocks rose for a fourth straight session on Monday as large-cap technolog ...Detail
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Russian ruble weakens as traders see no major measures in Putin speech  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. ...
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Russian rouble weakens as traders see no major measures in Putin speech  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - The rouble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference. ...
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Brent oil rises above $62 as energy firms slash investments  [Reuters] 18 Dec, 2014
LONDON (Reuters) - Brent crude jumped 2 percent to above $62 a barrel on Thursday, as some traders bet a six-month price rout could be ending as more energy firms cut investment budgets.
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Franc falls as Swiss go sub-zero; stocks jump after Fed  [Reuters] 18 Dec, 2014
LONDON (Reuters) - The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printin ...
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Ruble slides before Putin news conference on Russia crisis  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - Russia's ruble lost more ground against the dollar on Thursday before President Vladimir Putin's end-of-year news conference, expected to be dominated by what a government minister called a "perfect st ...
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Ruble weakens in volatile trade before Putin speech  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - Russia's ruble weakened against the dollar and euro in volatile trade on Thursday, reversing gains made at market opening, before President Vladimir Putin's end-of-year news conference.
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Russian rouble firms before Putin news conference, Sistema leads shares  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - The ruble and Moscow shares rose on Thursday, buoyed by state action and indications Russia's top oil producer can meet a debt repayment, before President Vladimir Putin's end-of-year news conference. ...
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Brent steady above $61 as companies cut upstream investments  [Reuters] 18 Dec, 2014
SINGAPORE (Reuters) - Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world.
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Russian ruble firms before Putin news conference  [Reuters] 18 Dec, 2014
MOSCOW (Reuters) - The Russian ruble firmed at opening on Thursday before President Vladimir Putin's end-of-year news conference, expected to be dominated by the currency's dramatic decline this year.
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IMF approves $1.1 billion loan for Pakistan  [Geo TV] 18 Dec, 2014
WASHINGTON: International Monetary Fund (IMF) has approved to make available a $1.1 billion loan for Pakistan whic
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MPAs appreciate end of PTI sit-in  [Business Recorder] 18 Dec, 2014
LAHORE: Lawmakers in the Punjab Assembly welcomed the decision by Pakistan Tehrik-e-Insaf (PTI) to end Islamabad sit-in,and termed it a step towards strong Pakistan."Recent sit-ins and protests have harmed the national econom ...
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Reference for Martyrs of Peshawar held at Sindh Secretariat  [Business Recorder] 18 Dec, 2014
KARACHI: A condolence meeting, chaired by Chief Secretary, Sajjad Saleem Hotiana, was held on Thursday at Sindh Secretariat for the martyrs of Peshawar.On the occasion, provincial secretary for education, Dr. Fazllulah Peechuhoo p ...
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FIA detects Rs5mn gas, oil, electricity theft  [Business Recorder] 18 Dec, 2014
ISLAMABAD: The Federal Investigation Agency (FIA) has accelerated the efforts to control the theft of gas, petrol and electricity and burglary of Rs.5 million.Talking to APP on Thursday an official of FIA said field teams have tra ...
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Heavy fog claims 4 lives,7 injured  [Business Recorder] 18 Dec, 2014
MANDI BAHAUDIN: Atleast four persons died while seven others including three women were critically injured when a passenger van smashed with a truck due to heavy fog here on Thursday.According to police details, Chak 89 sargodha b ...
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Tokyo stocks open up 1.92 percent higher  [Geo TV] 18 Dec, 2014
TOKYO: Tokyo stocks opened 1.92 percent higher on Thursday, buoyed by the dollar´s jump against the yen and gains
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Royal Mail sale '180m underpriced'  [BBC News] 18 Dec, 2014
The government made 180m less from the sale of Royal Mail than it could have, and the process of privatising state assets should be reformed, says new report.
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Brent edges further above $61 as companies cut upstream investments  [Reuters] 18 Dec, 2014
SINGAPORE (Reuters) - Brent crude edged further above $61 a barrel on Thursday, after sharply lower prices forced companies to cut upstream investments around the world.
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Sindh Police initiate Post Blast Investigation Training for Cops  [Business Recorder] 18 Dec, 2014
KARACHI: Sindh Police under its series of an ongoing extensive anti-terrorism training program on Thursday initiated a phase of "Post Blast Investigation."Under the post blast investigation course cops are being provided ...
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Cowardly acts cannot deter morale of Pakistani nation: Iftikhar Vohra  [Business Recorder] 18 Dec, 2014
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has said that the cruel incident in Peshawar has terribly wounded the entire nation but it cannot deter their morale and resolve again ...
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Rivers, reservoirs report  [Business Recorder] 18 Dec, 2014
LAHORE: The position of rivers inflow and outflow at Tarbela,Mangla and Chashma along with the reservoirs levels and the barrages today is as under:Rivers: Indus at Tarbela-Inflows 19300 cusecs and Outflows 45000 cusecs, Kabul at ...
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Takata says has sufficient funds to deal with recalls: Nikkei  [Reuters] 18 Dec, 2014
TOKYO (Reuters) - Air bag maker Takata Corp has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper. ...
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Christian community giving last touches to Christmas preparations  [Business Recorder] 18 Dec, 2014
HYDERABAD: The Christian community of the city has finalised all arrangements to celebrate Christmas with festivity like other parts of the country.Christmas is the most enjoyable occasion for the Christian community. Everyone tri ...
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Nissan recalls autos in Mexico to check Takata air bags  [Reuters] 18 Dec, 2014
MEXICO CITY (Reuters) - Automaker Nissan said on Wednesday it has ordered the recall more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata .
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Fed confident on U.S. growth, opens door wider to rate hike  [Reuters] 18 Dec, 2014
WASHINGTON (Reuters) - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of conf ...
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UK using less energy, report finds  [BBC News] 18 Dec, 2014
Energy consumption People in the UK are using less energy, even though the economy is growing, new figures confirm.
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North Sea oil sector near 'collapse'  [BBC News] 18 Dec, 2014
The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".
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North Sea firms facing 'crisis'  [BBC News] 18 Dec, 2014
The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".
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UK oil industry facing 'crisis'  [BBC News] 18 Dec, 2014
The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".
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Wall St. rallies after Fed, energy gains; S&P 500 posts best day since 2013  [Reuters] 18 Dec, 2014
NEW YORK (Reuters) - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. ...
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Another big cut in petrol rates likely from Jan 1  [ARY News] 18 Dec, 2014
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended another big reduction in petroleum prices from January 1, 2015, ARY News reported.
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