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 Latest Business and Finance News
Honda says fatal crash involved Takata air bag inflator rupture [Reuters]
DETROIT (Reuters) - Honda Motor Co on Friday said it has confirmed that a Takata Corp air bag inflat ...Detail
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Students get laptops under PM's Scheme  [Business Recorder] 28 Jan, 2015
ISLAMABAD: Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS-AAUR) has distributed laptops among 76 students of MS/M.Phil and PhD.The laptops were provided by the Higher Education Cmmission (HEC) as part of the Prime ...
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CDA earns Rs485mn during fiscal year 2014  [Business Recorder] 28 Jan, 2015
ISLAMABAD: Capital Development Authority's (CDA) Directorate of Municipal Administration has earned Rs485 million revenues during the fiscal year 2014 which is almost double as compare to previous year's correspond ...
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Explosives recovered from suspect in Pishin  [Business Recorder] 28 Jan, 2015
QUETTA: Police have recovered explosive material from a person in a village of Pishin.Police said on Wednesday that acting on a tip-off, CIA Police team conducted raid at a house near village Barak Abad in Pishin district and reco ...
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Modern gadgets being installed to control trains' movement  [Business Recorder] 28 Jan, 2015
ISLAMABAD: Pakistan Railways will soon complete installation of a modern tracking system to control trains' movement and avert any untoward incident.The system would be installed at Peshawar Division, Railway Control Offic ...
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45 profiteers fined, three jailed  [Business Recorder] 28 Jan, 2015
KARACHI: The divisional and district administration Karachi has challaned 45 shopkeepers and fines of Rs. 80,000/- were imposed while three shopkeepers were arrested for continuous profiteering.According to a press release issued ...
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Police emergency service '921' for Karachi approved  [Business Recorder] 28 Jan, 2015
KARACHI: Sindh Chief Minister (CM) Syed Qaim Ali Shah has approved the proposal for establishing police emergency service "921" in the metropolis.In this regard the Chief Minister has put the Muhafiz Force, Madadgar 15, ...
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Iran, a frontrunner in anti-drug fight: Khawar Hanif  [Business Recorder] 28 Jan, 2015
ISLAMABAD: Director General of Pakistan Anti-Narcotics Force Maj. Gen. Khawar Hanif has said that Iran was the frontrunner of the campaign against drug-trafficking.In an exclusive interview with IRNA, Hanif said Iran had paid heav ...
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Oil drops more than 1 percent on firm dollar, U.S. stock build  [Reuters] 28 Jan, 2015
SINGAPORE (Reuters) - Oil fell more than 1 percent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.
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Oil rebounds sharply from six-year lows as dollar eases  [Geo TV] 28 Jan, 2015
New York: Oil prices rebounded Tuesday from six-year lows as the dollar weakened after disappointing US economic d
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Microsoft stock punished as concerns multiply  [Reuters] 28 Jan, 2015
SEATTLE (Reuters) - Investors wiped $35 billion off Microsoft Corp's market value on Tuesday without any clear-cut, single explanation.
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Global shares wilt, dollar nervous before Fed outcome; Apple outperforms  [Reuters] 28 Jan, 2015
SYDNEY/TOKYO (Reuters) - Asian stock markets followed Wall Street into the red on Wednesday, while the dollar was on edge following speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in th ...
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Apple profit 'biggest in history'  [BBC News] 28 Jan, 2015
line Apple's first quarter profit of $18bn is the biggest ever quarterly profit for a public company, according to Standard and Poor's.
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Apple hits biggest profit in history  [BBC News] 28 Jan, 2015
line Apple's first quarter earnings of $18bn is the biggest ever quarterly profit for a public company, according to Standard and Poor's.
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England drives global football deals  [BBC News] 28 Jan, 2015
Doria playing for Brazil Football clubs spent a record 2.7bn in international transfers in 2014, with English football clubs accounting for 795m of the total
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Twitter woos users with group chat and video features  [ARY News] 28 Jan, 2015
SANS FRANCISCO: Twitter on Tuesday began rolling out new group chat and video features as it worked to ramp up use of the one-to-many messaging service.
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Japan’s Nintendo says Apr-Dec net profit surges six-fold to $504 mn  [ARY News] 28 Jan, 2015
TOKYO: Japanese videogame giant Nintendo said Wednesday its April-December net profit soared six-fold to $504 million as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system.
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KSE 100-Index gains 71.92pts  [ARY News] 28 Jan, 2015
KARACHI: Karachi Stock Exchange (KSE) 100-Index on Tuesday recorded the increase of 71.92 points, ARY News reported.
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SBP asks banks to fairly charge customers for services  [ARY News] 28 Jan, 2015
ISLAMABAD: State Bank of Pakistan (SBP) has issued a notification to banks asking to ensure fairness while charging customer for various services, ARY News has learnt.
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iPhone sales take Apple profit to new height  [ARY News] 28 Jan, 2015
SAN FRANCISCO: Apple’s quarterly profit soared to a record $18 billion on the back of booming iPhone sales, especially in China.
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Yahoo announces tax-free spinoff of Alibaba stake  [ARY News] 28 Jan, 2015
NEW YORK: Yahoo announced plans Tuesday for a tax-free spinoff of its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings from its core operations.
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Yahoo announces tax-free spinoff of Alibaba  [ARY News] 28 Jan, 2015
SAN FRANCISCO: Yahoo Inc plans to spin off its 15 percent stake in China’s Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
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Microsoft stock punished as concerns multiply  [ARY News] 28 Jan, 2015
SEATTLE: Investors wiped $35 billion off Microsoft Corp’s market value on Tuesday without any clear-cut, single explanation.
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Apple iPhone sales trample expectations as profit sets global record  [Reuters] 27 Jan, 2015
(Reuters) - Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in co ...
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Shares and dollar wilt before Fed test, Apple outperforms  [Reuters] 27 Jan, 2015
SYDNEY (Reuters) - Asian stock markets followed Wall Street into the red early on Wednesday, while the euro managed a rare rally on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in th ...
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Oil jumps on weaker dollar; traders wary of stock build  [Reuters] 27 Jan, 2015
NEW YORK (Reuters) - Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.
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Yahoo sets Alibaba stake spinoff plan, shares jump  [Reuters] 27 Jan, 2015
SAN FRANCISCO (Reuters) - Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd , responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 bill ...
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AT&T results beat Wall Street, shares rise after hours  [Reuters] 27 Jan, 2015
SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a ...
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City Link overtime 'will be paid'  [BBC News] 27 Jan, 2015
City Link employees will receive overtime payments, according to Jon Moulton, the founder of the company which owns the collapsed parcel delivery firm.
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AT&T posts slight beat in fourth-quarter earnings  [Reuters] 27 Jan, 2015
SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday reported earnings and quarterly revenue that slightly beat Wall Street expectations as its mobile device deals attracted more customers.
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Wall Street falls 1 percent on earnings; Apple rallies late  [Reuters] 27 Jan, 2015
NEW YORK (Reuters) - U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also ...
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