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 Latest Business and Finance News
S&P 500 ends at record high boosted by tech shares [Reuters]
NEW YORK (Reuters) - U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and ...Detail
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Aviva, Friends Life 5.6 billion pound merger plan makes sense: investors  [Reuters] 23 Nov, 2014
LONDON (Reuters) - Aviva's potential 5.6 billion pound ($8.8 billion) purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry, fund managers said.
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Telecom firms call for change to BT's business broadband 'monopoly'  [Reuters] 23 Nov, 2014
LONDON (Reuters) - Britain's biggest telecoms service providers have filed a complaint to media regulator Ofcom demanding greater competition in the business broadband market, where they say BT has an effective monopoly.
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New computer spying bug discovered  [BBC News] 23 Nov, 2014
Computer security firm Symantec discovers what it says is one of the most sophisticated pieces of malicious software ever seen.
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Labour suggests London buildings sale  [BBC News] 23 Nov, 2014
The QEII Conference Centre and the Civil Service Club are among four London landmarks that Labour says could be sold off to reduce the deficit.
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PM expected to lay foundation stone of Hazara Motorway next week  [Business Recorder] 23 Nov, 2014
ISLAMABAD: Prime Minister Muhammad Nawaz Sharif is expected to perform ground-breaking ceremony of Hazara Motorway project on November 29.A 60-kilometre Hazara Motorway will be constructed at a cost of Rs 31 billion. The four-lane ...
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OPEC divided on oil output before crucial meeting  [Geo TV] 23 Nov, 2014
LONDON: The OPEC oil producers cartel will hold one of its toughest and most significant meetings in recent years
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Exclusive: China ready to cut rates again on fears of deflation - sources  [Reuters] 23 Nov, 2014
BEIJING (Reuters) - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and j ...
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KU extends date for B.A., B.Com. exam forms  [Business Recorder] 23 Nov, 2014
KARACHI: The University of Karachi (KU) has extended the date for the submission of annual examination forms without late fee till December 5, 2014 for B.A., B.Com. Private, BOL and Improvement of Division.According to KU Director ...
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Falling inflation a worry for Europe but also the world  [Reuters] 23 Nov, 2014
LONDON (Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone econom ...
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Countdown to missed opportunity for EU economy  [Reuters] 23 Nov, 2014
PARIS (Reuters) - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.
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Sweden's Wallenberg dynasty prepares for sixth generation  [Reuters] 23 Nov, 2014
STOCKHOLM (Reuters) - Jacob Wallenberg, the 58-year-old head of one of Europe's most enduring family dynasties, is trying to work out how the empire controlling much of Sweden's economy could look with a woman or someone ...
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New web data powers plan for police  [BBC News] 23 Nov, 2014
A law forcing communications firms to keep details that could help identify criminals using the internet is being planned by the home secretary.
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Putin stands by hawkish Russian central bank - for now  [Reuters] 23 Nov, 2014
MOSCOW (Reuters) - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it f ...
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Facebook ‘newspaper’ spells trouble for media  [ARY News] 23 Nov, 2014
WASHINGTON: Facebook’s move to fulfill its ambition to be the personal “newspaper” for its billion-plus members is likely to mean more woes for the ailing news media.
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European Parliament may propose Google break-up in draft resolution  [ARY News] 23 Nov, 2014
The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc’s  search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s do ...
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Europe not at risk of full-blown deflation: ECB's Constancio  [Reuters] 22 Nov, 2014
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.
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China's rate-cut likely to hurt banks, curb new loans to small borrowers  [Reuters] 22 Nov, 2014
SHANGHAI (Reuters) - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.
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Govt struggling to provide quality education: Khawaja Asif  [Business Recorder] 22 Nov, 2014
SIALKOT: Federal Minister for Defence, and Water and Power Khawaja Muhammad Asif on Saturday voiced for equal educational opportunities for all.He expressed these views while addressing the laptop distribution ceremony being held ...
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SECP committed for developing Islamic financial sector  [Business Recorder] 22 Nov, 2014
ISLAMABAD: In order to develop a robust takaful sector, the Securities and Exchange Commission of Pakistan (SECP) has allowed M/s SPI Insurance Company Limited, formerly known as Saudi Pak Insurance Company Limited, to start windo ...
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Reut-e-Hilal Committee meeting on Sunday for Safar moon  [Business Recorder] 22 Nov, 2014
ISLAMABAD: A meeting of the Central Ruet-e-Hilal Committee would be held on Muharram-ul-Harram 29 (Sunday) for sighting the moon of Safar-ul-Muzaffar 1436 AH. Chairman Ruet-e-Hilal Committee Mufti Munib-ur-Rehman chair the meeting ...
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Labour warns over pension charges  [BBC News] 22 Nov, 2014
Labour urges the government to ensure people taking advantage of new pension freedoms next April are not ripped off by financial firms.
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TTP claim Karachi attack on political camp in Karachi  [Business Recorder] 22 Nov, 2014
PESHAWAR: TTP on Saturday claimed responsibility for an attack on a political party camp in the southern city of Karachi which wounded at least 15 people.Three provincial legislators were among those wounded when gunmen hurled han ...
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UoS Fisheries Day calls to stop overfishing  [Business Recorder] 22 Nov, 2014
HYDERABAD: The Department of Fresh Water Biology and Fisheries of the University of Sindh (UoS) Friday observed the World Fisheries Day with a call to "stop overfishing", "save water from pollution for safety of fis ...
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DAP, WHO Collaborating Centre to observe World Diabetes Day on Sunday  [Business Recorder] 22 Nov, 2014
KARACHI: The Diabetic Association of Pakistan (DAP) and WHO Collaborating Centre, Karachi have chalked out an elaborate programme to celebrate World Diabetes Day (WDD) here on Sunday.Secretary General, Diabetic Association of Paki ...
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Teacher's car kills student, injures six  [Business Recorder] 22 Nov, 2014
LOWER DIR: A student of high school died and six others sustained injuries when a car of their school's teacher ran over them after assembly session in Mayaar area of Lower Dir on Saturday.According to police, students wer ...
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Woman killed, 2 injured in road accident %9  [Business Recorder] 22 Nov, 2014
FAISALABAD: A woman was killed and two others received multiple injuries in a road accident in the area of Sandal Bar police station.According to police, the accident took place at Narwala Road near Aminpur Bypass where a rashly d ...
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Pakistan calls for boosting investment in children as UN marks 25th anniversary of child rights ...  [Business Recorder] 22 Nov, 2014
UNITED NATIONS: The United Nations marked the 25th anniversary of the Convention on the Rights of the Child by holding a special meeting of the General Assembly Friday to assess its progress, with Pakistan making a strong case for ...
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Commissioner orders issuance of pre-removal show cause notices to absent teachers  [Business Recorder] 22 Nov, 2014
NAWABSHAH: Commissioner Shaheed Benazirabad, Jamal Mustafa Syed, has directed to issue show cause notices for removal from services instead of warning and explanations letters to the teachers found absent from their duty during dr ...
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Sindh women parliamentary caucus discusses Rules of Business  [Business Recorder] 22 Nov, 2014
KARACHI: Sindh Women Parliamentary Caucus in its meeting on Friday discussed the rules of business so as to expedite and also ease the implementation of law meant to combat domestic violence in the province.Shehla Raza, Deputy Spe ...
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India approves $2.6 billion mounted gun purchase: official  [ARY News] 22 Nov, 2014
NEW DELHI: India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defense ministry spokesman said.
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