Sun, Apr 19, 2015, Jamadi us Sani 29, 1436 A.H : Last updated 1 hour ago
 
 
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Javed Mirza
KARACHI: Engro’s liquefied natural gas terminal Saturday left for Qatar for the second refilling, a company’s top official said; although the terminal use as a carrier invokes criticism from its owner.
Shaikh Imran-ul-Haq, chief executive ...
 
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WASHINGTON: Finance officials from the G20 group of world economic powers expressed concern Friday about the risks of market and exchange rate volatility but avoided talk of Greece´s financial plight.
Meeting in Washington during the IMF-World ...
 
 

WASHINGTON: The United States piled pressure on Greece Friday to agree to key reforms to obtain new EU financing, but equity markets sank in fear that Athens is headed for default.
Stepping into the latest European financial crisis, both ...
 
 

NEW YORK: Large US banks bested earnings expectations this week, but stocks still lost ground due to worries about high equity valuations and the Greek debt crisis.
US stocks looked headed for another week of gains before deep losses Friday ...
 
 

TOKYO: Tokyo investors will be looking to company earnings next week as Japan kicks off its latest reporting season, with mid-week trade data also in focus.
A weak yen has lifted hopes for another bumper earnings round as automakers Mazda and ...
 
 
our correspondent
KARACHI: US Consul General to Pakistan has said stable and prosperous Pakistan is a need for America and its increasing economic growth would cast a positive impact on Central Asia, a press release said on Saturday.
US Consul General Brian ...
 
 

SHANGHAI: China is crucial to foreign carmakers as the world´s biggest auto market, but slowing economic growth and a corruption crackdown are denting its appeal as they gather for the country´s premier industry show.
The Shanghai auto show — ...
 
 
Mansoor Ahmad
LAHORE: Corporates should strive for long term gains instead of keeping short term benefits in mind that may please the share holders for the time being but are volatile and unsustainable, experts have said on Saturday.
The quarterly reports of ...
 
 

NEW YORK: General Electric Friday reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses.
The big loss had been expected after GE said a week ago ...
 
 
our correspondent
SUKKUR: A delegation of National Business Education Accreditation Council (NBEAC) visited Shah Abdul Latif University (SALU) Khairpur to accredit its business administration department on Saturday.
The delegation headed by NBEAC representative ...
 
 

MEXICO CITY: The Ford Motor Company unveiled Friday a $2.5 billion investment for engine and transmission plants in Mexico, the second major project announced in the country by a foreign auto power this week.
The US firm´s plan to expand an ...
 
 

NEW YORK: Oil-services giant Schlumberger said Thursday it would cut 11,000 more jobs as its first-quarter earnings tumbled after low crude prices forced it to cut drilling.
Schlumberger chief executive Paal Kibsgaard said the latest round of ...
 
 

NEW YORK: Microsoft and Yahoo have updated their search partnership to allow more flexibility in searches and end Yahoo´s exclusive sales force role with advertisers.
The companies announced the revisions to their original 2009 agreement ...
 
 
our correspondent
LAHORE: Tajikistan is keen to further strengthen trade and economic ties with Pakistan, a statement said on Saturday.
Private sectors of both the countries should work hand-in-hand to tap the huge potential exist in Tajikistan and Pakistan, ...
 
 
our correspondent
KARACHI: A high-level German parliamentarians delegation visited the Karachi Port Trust on Saturday, for a briefing to gain awareness about the avenues offered by the premier port of Pakistan for investments and joint ventures, a statement ...
 
 

KANJHAWALA, India: Farmer Tarachand Mathur was one of millions of Indians who voted Narendra Modi into power last year, but the government´s push to make it easier for big business to forcibly acquire land means he won´t be backing the premier ...
 
 
Javed Mirza
The upbeat market momentum is likely to continue in the upcoming week as multibillion dollars worth of infrastructure / power sector-related agreements are likely to be signed during the Chinese president’s two-day visit to Pakistan starting April ...
 
 

MOUNTAIN VIEW, United States Google has a new sheriff keeping watch over the wilds of the Internet.
Austrian-born Gerhard Eschelbeck has ranged the British city of Oxford; cavorted at notorious Def Con hacker conclaves, wrangled a herd of ...
 
 
our correspondent
The rupee is expected to continue upward movement against the dollar next week due to improvement in the macroeconomic fundamentals, currency analysts said on Saturday.
“The rupee-dollar parity seems to hover around 101.45 and 101.50,” an ...
 
 

TOKYO: The dollar sank further in Asia on Friday as another round of disappointing US data cast further doubt on the chances of a mid-year Federal Reserve interest rate hike.
The greenback was changing hands at 119.00 yen in midday Tokyo ...
 
 

London
India’s Tata Steel has failed to reach a deal with UK unions about its proposal to change the British pension scheme, it told India’s National Stock Exchange on Thursday.
UK unions, GMB, UCATT and Unite will start balloting some 17,000 ...
 
 


Singapore
Oil prices fell in Asia Friday as investors locked in profits following a six-day rally, with a rise in OPEC´s output in March also adding to downward pressure, analysts said.
US benchmark West Texas Intermediate (WTI) for May ...
 
 

Tokyo
Japan’s Nikkei share average dropped on Friday morning after weaker-than-expected US housing data soured the mood, while investors awaited Japanese corporate earnings starting next week.
Also dampening sentiment was weakness in Europe ...
 
 

Paris
Euronext has said it would launch on May 6 Inter-Commodity Spread (ICS) trading between its standard milling wheat futures contract and its new premium one.
The exchange’s head of commodities had told Reuters earlier this month it would ...