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  Home > Finance > Business News
 Latest Business and Finance News
Master plan for Dubai Design District unveiled [Geo TV]
Dubai: The master plan for the Dubai Design District (d3), being developed by TECOM Investments, was ...Detail
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U.S. consumer prices surprisingly weak, eyes on the Fed  [Reuters] 17 Sep, 2014
WASHINGTON (Reuters) - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.
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Cheaper store brands eat into General Mills' profit  [Reuters] 17 Sep, 2014
(Reuters) - General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative break ...
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Wall St edges up ahead of Fed statement  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were rising slightly late on Wednesday morning ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.
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FedEx sees e-commerce driving record holiday season  [Reuters] 17 Sep, 2014
CHICAGO (Reuters) - Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company officials said on Wednesday.
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Shares in Russia's Sistema plunge with billionaire chairman under house arrest  [Reuters] 17 Sep, 2014
MOSCOW (Reuters) - Shares in sprawling Russian holding company Sistema plummeted over 30 percent on Wednesday after its billionaire chairman was placed under house arrest, wiping more than $2 billion in value off the company.
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Homebuilders climb after Lennar results, NAHB data  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - Housing stocks were solidly outperforming the broader market in the early stages of trading on Wednesday, in the wake of earnings from homebuilder Lennar Corp and upbeat data on the housing market.
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Boeing airplanes chief says considering 52 737s a month by 2018  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - Boeing Co appears increasingly likely to boost production of its top-selling 737 jetliners to 52 a month starting in 2018 after the head of its commercial airplanes business spoke about that possibility on Tue ...
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Allianz eyes sale options in Fireman's Fund revamp  [Reuters] 17 Sep, 2014
FRANKFURT (Reuters) - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said o ...
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Wall St climbs ahead of Fed statement; DuPont jumps  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - U.S. stocks rose on Wednesday, ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.
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Fed may hint on rate-hike plan as it prepares for policy turn  [Reuters] 17 Sep, 2014
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressi ...
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Wall St opens flat ahead of Fed statement  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - U.S. stocks opened flat on Wednesday, ahead of a key statement by the Federal Reserve, which is expected to provide clues on the next monetary policy move by the U.S. central bank.
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Allianz revamps U.S. business, eyes Fireman's Fund options  [Reuters] 17 Sep, 2014
FRANKFURT (Reuters) - German insurer Allianz on Wednesday unveiled a revamp of its property casualty business in the United States, which has struggled to bring underwriting losses under control.
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Wall St to open flat, eyes on Fed statement  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - U.S. stocks were set to open little changed on Wednesday ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.
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Services trade deficit up by 22.96pc in July  [Business Recorder] 17 Sep, 2014
ISLAMABAD: Services trade deficit during first month (July) of current fiscal year 2014-15 expanded by 22.96 percent as services exports decreased by 3.85 percent while imports witnessed an increase of 6.78 percent as compared to ...
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Dollar holds firm ahead of Fed meeting  [Geo TV] 17 Sep, 2014
TOKYO: The dollar held steady in Asia on Wednesday as investors await the outcome of a US Federal Reserve meeting
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General Mills misses as competition weighs on U.S. sales  [Reuters] 17 Sep, 2014
(Reuters) - General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alterna ...
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U.S. consumer prices post first decline in 16 months  [Reuters] 17 Sep, 2014
WASHINGTON (Reuters) - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.
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U.S. current account gap narrows in the second quarter  [Reuters] 17 Sep, 2014
Washington (Reuters) - The U.S. current account deficit unexpectedly narrowed in the second quarter, supported by a partial reversal of a large equity disinvestment that had occurred in the previous quarter.
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Asian shares mostly up on China bank report  [Geo TV] 17 Sep, 2014
HONG KONG: Asian markets mostly rose Wednesday, with Hong Kong and Shanghai boosted by reports that China´s centra
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Shut down notice for Peshawar City issued  [Business Recorder] 17 Sep, 2014
PESHAWAR: Power supply will remain suspended from 132 KV Peshawar City grid station on September 18 and 22 from 8 am to 1pm due to maintenance work and resultantly the consumers of 11 KV Faqirabad-I, Faqirabad-II feeders will face ...
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Futures little changed as Fed statement awaited  [Reuters] 17 Sep, 2014
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.
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Ultrasonic says top executives and cash missing  [Reuters] 17 Sep, 2014
FRANKFURT (Reuters) - Ultrasonic AG, a Chinese footware maker listed in Germany, said most of its cash reserves in China and Hong Kong have disappeared, adding it has also lost trace of its chief executive and chief operating offi ...
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Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal  [Reuters] 17 Sep, 2014
SAO PAULO (Reuters) - Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. regional operator Republic Airways Holdings Inc. for 50 of its next-generatio ...
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Ripple Effects of Protests & Sit-ins on Pakistan Real Estate Sector  [Business Recorder] 17 Sep, 2014
Though the beginning of 2014 was marked by slow economic activity, yet the majority of the Pakistani business sector was expected to pick up the pace later in the year. However, the ongoing political unrest in Pakistan is adversel ...
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UK jobless rate falls to 2008 low  [BBC News] 17 Sep, 2014
The UK rate fell to 6.2% in the three months to the end of July, while the number claiming Jobseeker's Allowance has dipped below one million.
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London's young techs find anti-immigrant mood a drag  [Reuters] 17 Sep, 2014
LONDON (Reuters) - When Efe Cakarel picked London as a new base for his video streaming company, he was counting on its location, capital markets and infrastructure, but also on the city's reputation as a hub for talented peo ...
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European bank test results to be announced October 26: sources  [Reuters] 17 Sep, 2014
FRANKFURT (Reuters) - The results of Europe's most comprehensive ever review of its banks' health will be announced on Sunday, Oct. 26, sources told Reuters.
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Airbus strategy chief Lahoud rules out bid to be Safran CEO  [Reuters] 17 Sep, 2014
PARIS (Reuters) - Airbus Group strategy chief Marwan Lahoud ruled himself out as the next chief executive of French engine maker Safran on Wednesday, dampening recurring media speculation that he could leave Europe's largest ...
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UK unemployment falls to 2.02m  [BBC News] 17 Sep, 2014
Unemployment fell by 146,000 to 2.02 million in the three months to the end of July, while the number claiming Jobseeker's Allowance has dipped below one million.
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China cenbank injects $81 billion into major banks to support economy: reports  [Reuters] 17 Sep, 2014
SHANGHAI (Reuters) - China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts t ...
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