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 Latest Business and Finance News
OPEC divided on oil output before crucial meeting [Geo TV]
LONDON: The OPEC oil producers cartel will hold one of its toughest and most significant meetings in ...Detail
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Capacities of Sindh police enhanced on modern grounds: Sindh CM  [Business Recorder] 19 Nov, 2014
KARACHI: The Chief Minister Sindh Syed Qaim Ali Shah on Wednesday said that it was under the current provincial government that concrete measures have been adopted to strengthen the capacities of police force, with equal attention ...
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Govt cognizant of enormity of challenge posed by growing population: Tarar  [Business Recorder] 19 Nov, 2014
ISLAMABAD: Minister of State for National Health Services Regulation Coordination Mrs. Saira Afzal Tarar Wednesday said that the government was cognizant of the enormity of the challenge posed by the rapidly growing population.& ...
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Oil prices mixed as hopes dim for OPEC output cut  [Geo TV] 19 Nov, 2014
SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will re
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Sindh Assembly adopts resolution against alleged comment by Imran Khan  [Business Recorder] 19 Nov, 2014
KARACHI: Sindh Assembly on Wednesday adopted a resolution against comment made by PTI chief, Imran Khan allegedly terming a particular group of people as mental slaves.Senior Sindh Minister, Nisar Ahmed Khuhro tabled the resolutio ...
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President approves extension in services of Chairman PARC  [Business Recorder] 19 Nov, 2014
ISLAMABAD: President Mamnoon Hussain, on the advice of the Prime Minister, has approved one year extension, on contract basis, in service of Dr.Iftikhar Ahmad as Chairman Pakistan Agricultural Research Council (PARC) from the date ...
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President approves conferment of Nishan-i-Imtiaz (Military) on Chief of Indonesian Navy  [Business Recorder] 19 Nov, 2014
ISLAMABAD: President Mamnoon Hussain, on the advice of the Prime Minister, has approved conferment of Nishan-i-Imtiaz (Military) upon Admiral Dr. Marsetio, Chief of the Indonesian Navy. Copyright APP (Associated Press of Pakistan) ...
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Dollar General may have to shut more than 4,000 stores: NY Post  [Reuters] 19 Nov, 2014
(Reuters) - Dollar General Corp may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar Stores Inc , the New York Post reported, citing two sources clos ...
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Shares fall, dollar gains as economic outlooks diverge  [Reuters] 19 Nov, 2014
LONDON (Reuters) - Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world's major economies.
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Wells Fargo unit to launch Europe infrastructure fund, target $1 billion  [Reuters] 19 Nov, 2014
LONDON (Reuters) - A unit of Wells Fargo is launching a European infrastructure debt fund with a target size of 750 million euros ($940 million) as pension funds look to longer term investments, the company said on Wednesday.
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Royal Mail delivery 'under threat'  [BBC News] 19 Nov, 2014
Royal Mail intraday chart Royal Mail reports a fall in half-year profits, with the company feeling the impact of competition from new parcel delivery rivals.
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Competition hits Royal Mail profits  [BBC News] 19 Nov, 2014
Royal Mail reports a fall in half-year profits, with the company feeling the impact of competition from new parcel delivery rivals.
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ANZ bank suspends seven traders  [BBC News] 19 Nov, 2014
ANZ, one of Australia's biggest banks, has suspended seven traders as part of an inquiry into potential interest-rate rigging.
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Tokyo´s Nikkei index flat by break  [Geo TV] 19 Nov, 2014
TOKYO: Tokyo´s Nikkei 225 stock index was flat Wednesday morning, as investors await the outcome of a Bank of Japa
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SITE's budget for 2014-15 of Rs1.282bn approved  [Business Recorder] 19 Nov, 2014
KARACHI: Board of Directors of SITE Limited has approved the budget of year 2014-15 of Rs 1.282 billion, with total deficit of Rs 4.6 million and total income estimated is Rs 1.276 billion.The meeting of the Board of Directors of ...
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J&J seeks over $5 billion in damages from Boston Scientific at trial  [Reuters] 19 Nov, 2014
NEW YORK (Reuters) - Nearly a decade after losing a bidding war for device maker Guidant to Boston Scientific Corp, Johnson & Johnson finally has a chance for payback at a multibillion-dollar trial set to begin on Thursday.
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Leader of opposition in Sindh assembly says names for tribunal sent to Speaker  [Business Recorder] 19 Nov, 2014
KARACHI: Shaharyar Mahar, Leader for Opposition in the Sindh Assembly on Wednesday said to had despatched the names from opposition parties for the tribunal constituted to ascertain facts related to ongoing tragedy in Thar.Talking ...
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Japanese shares lose steam, Asian shares slip  [Reuters] 19 Nov, 2014
TOKYO (Reuters) - Japanese shares gave up early gains on Wednesday as investors booked profits after Prime Minister Shinzo Abe delayed a tax hike and said he would call a snap election to seek a fresh mandate for his economic poli ...
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U.S. auto regulator seeks nationwide recall of Takata air bags  [Reuters] 19 Nov, 2014
WASHINGTON (Reuters) - The U.S. auto safety regulator has told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move fa ...
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Shell wins big tax battle in India  [BBC News] 19 Nov, 2014
line Oil giant Royal Dutch Shell wins a long-running court battle against Indian authorities over a tax dispute involving billions of dollars.
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Japanese stocks rise on recovery hopes, BOJ meet in focus  [Reuters] 19 Nov, 2014
TOKYO (Reuters) - Japanese stocks rose on Wednesday as investors held out hope for more robust growth after Prime Minister Shinzo Abe delayed a tax hike and called an early election to seek a fresh mandate for his aggressive polic ...
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Top platinum miners join forces to tap investors  [ARY News] 19 Nov, 2014
JOHANNESBURG: The world’s top platinum producers are teaming up to try to increase the metal’s standing as an investment asset and not just a primary material, the group’s representative told AFP Wednesday.
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UN urges action to fix ‘broken’ world food system  [ARY News] 19 Nov, 2014
ROME: The United Nations urged political leaders from around the world on Wednesday to up their game in the fight to wipe out malnutrition, a global scourge afflicting poor and rich alike.
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KSE 100-Index slumps by 250pts  [ARY News] 19 Nov, 2014
 KARACHI: After recording the bullish trend in past few days, Karachi Stock Exchange on Wednesday lost 250.11 points, ARY News reported.
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PIA cleared for EU cargo flights  [ARY News] 19 Nov, 2014
KARACHI: Pakistan International Airlines (PIA) has secured approval for cargo services to the European Union after being suspended over security fears, officials said Wednesday, a rare boost for the beleaguered flag-carrier.
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Summary for gas tariff hike sent to PM  [ARY News] 19 Nov, 2014
ISLAMABAD: A summary for gas tariff proposing an increase of 23 percent for all categories of gas consumers except domestic consumers has been sent to the Prime Minister Nawaz Sharif, ARY News reported.
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Tokyo’s Nikkei index flat by break  [ARY News] 19 Nov, 2014
The benchmark Nikkei inched up 0.02 percent, or 3.70 points, to 17,347.76 by the break, while the Topix index of all first-section shares rose 0.22 percent, or 3.12 points, to 1,398.00 yen. The Japanese market ticked up at the sta ...
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Asian stocks mixed, Tokyo gains on sales tax delay  [ARY News] 19 Nov, 2014
HONG KONG: Asian markets were mixed Wednesday despite record closing highs on Wall Street, with Tokyo stocks ticking higher after the government delayed a planned sales tax hike as Japan tipped back into recession.
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IMF, World Bank policies may share blame in Ebola crisis  [ARY News] 19 Nov, 2014
WASHINGTON: Alpha Conde, the president of Guinea, was stunned. 
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Nokia launches iPad lookalike  [ARY News] 19 Nov, 2014
HELSINKI: Finland’s Nokia launched a new brand-licensed tablet computer on Tuesday which is designed to rival Apple’s iPad Mini, just six months after the company sold its ailing phones and devices business to Microsof ...
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Exclusive: Takata retains prominent lawyer Levander in air bag scandal  [Reuters] 18 Nov, 2014
NEW YORK (Reuters) - Takata Corp said on Tuesday it has hired Andrew Levander, a prominent New York defense lawyer, to oversee legal matters including a criminal probe stemming from a growing scandal about its defective air bags. ...
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