• Business

    Soneri Bank announces third quarter 2017 results

    Soneri Bank Limited posted profit before tax of Rs. 2,099.71 million and profit after tax of        Rs. 1,231.35 m... Read More

  • Business

    US Senate passes budget, in first step toward tax overhaul

    Washington: The US Senate narrowly passed a 2018 federal budget Thursday, clearing the way for President Donald Trump´s controversial tax overh... Read More

  • Business

    Citigroup among 10 banks hired by China for sovereign bond issue

    HONG KONG: China has hired 10 banks including Agricultural Bank of China Bank of Communications, and Citigroup for its $2 billion dollar-denominated ... Read More

  • Business

    EU leaders back May with first step to Brexit trade talks

    Brussels: EU leaders threw British Prime Minister Theresa May a lifeline in Brexit talks on Friday, agreeing at a Brussels summit to start preparatio... Read More

  • Business

    Copper firm

    Sydney/Melbourne: London copper nudged higher on Friday as some investors beefed up positions following overnight losses, and remained on track to pos... Read More

  • Business

    Oil surges

    Singapore/Tokyo: Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China ... Read More

  • Business

    Gold dips

    Bengaluru: Gold prices turned lower on Friday as the dollar regained ground after the U.S. Senate approved a budget plan for the 2018 fiscal year tha... Read More

  • Business

    Dollar strengthens

    SINGAPORE: The dollar rose broadly on Friday, bolstered by increased optimism about the prospects for U.S. tax reforms, while the New Zealand dollar ... Read More

  • Business

    Point of View

    Clarity about the Fed nomination would be positive for the dollar ( Masafumi Yamamoto )... Read More

  • Business

    Palm oil rises

    KUALA LUMPUR: Malaysian palm oil futures rose about half a percent on Friday after two straight sessions of decline, tracking overnight gains in over... Read More

  • Business

    Rupee weakens

    The rupee weakened on Friday on increase in dollar buying from importers, dealers said.  The rupee lost two paisas to close at 105.43 against the... Read More

  • Business

    Tech companies to lobby for immigrant ?Dreamers? to remain in US

    SAN FRANCISCO: Nearly two dozen major companies in technology and other industries are planning to launch a coalition to demand legislation that woul... Read More

  • Business

    May seeks ?ambitious plans? for Brexit talks at EU summit

    London: Cracks are appearing in Britain´s economy, putting more pressure on Prime Minister Theresa May as she heads into an EU summit where a b... Read More

  • Business

    Copper steadies

    Sydney/Melbourne: London copper held steady on Thursday after in-line economic readings out of China signalled some moderation in growth. China´... Read More

  • Business

    Oil stable

    Singapore/Tokyo: Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production ... Read More

  • Business

    Gold recovers

    Bengaluru: Gold prices edged up on Thursday after hitting the lowest level in more than a week, driven down by a firm dollar, that dented demand for d... Read More

  • Business

    Dollar firm

    Hot Now TOKYO/SINGAPORE: The dollar hit its highest in about two weeks against the yen on Thursday, supported by this week´s rise in U.S. bond ... Read More

  • Business

    Point of View

    The surrounding environment continues to favour the broader risk asset markets, with global economies recovering gradually and inflation staying low ... Read More

  • Business

    Rupee unchanged

    The rupee remained firm in a dull trade on Thursday, dealers said. The rupee finished at 105.41 against the dollar as compared to the previous closin... Read More

  • Business

    Palm oil declines

    KUALA LUMPUR: Malaysian palm oil futures fell for a second straight session on Thursday, tracking weakness on China´s Dalian Commodity Exchange... Read More

  • Business

    ADP already making changes Ackman wants: CEO

    NEW YORK: Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take tim... Read More

  • Business

    US jobless claims plunge to 44-year low

    Washington: Claims for US jobless benefits fell to a 44-year low in early October as labor markets recovered from the damage of Hurricanes H... Read More

  • Business

    Copper climbs

    Sydney/Melbourne: London copper climbed on Wednesday, supported by healthy demand growth expectations and relief from a stronger dollar, while markets... Read More

  • Business

    Oil rises

    Singapore/Tokyo: Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt ... Read More

  • Business

    Gold surges

    Bengaluru: Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pi... Read More

  • Business

    Dollar strengthens

    Hot Now TOKYO: The dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. President Donald... Read More

  • Business

    Point of View

    (Asian) markets are paying much more attention to the party congress, as they are watching if any surprise reforms will emerge amid concerns over econ... Read More

  • Business

    Soybean down

    SYDNEY: U.S. soybeans edged lower on Wednesday as forecasts for crop-friendly weather pushed the oilseed towards its third consecutive daily loss. Co... Read More

  • Business

    Rupee stable

    The rupee remained steady against the dollar in dull trading activity on Wednesday, currency dealers said. The rupee closed at 105.40/dollar, unchang... Read More

  • Business

    Is facial recognition the stuff of sci-fi? Not in China

    SHANGHAI: From toilet-paper dispensers to fast-food restaurants, travel and crime-fighting, China is taking the lead in rolling out facial-recognitio... Read More

  • Business

    Overseas assets held by China?s centrally owned firms top $900 billion

    BEIJING: The value of overseas assets held by China´s centrally owned enterprises has exceeded 6 trillion yuan ($906.34 billion), with investme... Read More

  • Business

    Engro Polymer announces dividend

    Engro Polymer & Chemicals Limited (EPCL) on Wednesday declared an interim cash dividend of 45 paisas/share after a decade. EPCL’s revenue du... Read More

  • Business

    M.M ALAM- Lahore outlet

    LAHORE: Shoe Box has opened its new outlet on M.M Alam Road, Lahore. Mr. Omar Saeed CEO was the Chief Guest, country head Mr.Kashif Khawaja along with... Read More

  • Business

    US industrial output picks up

    WASHINGTON: U.S. industrial output rose in September as the effects of Hurricanes Harvey and Irma began to fade and construction and utilities product... Read More

  • Business

    As Xi ascends, will economic reforms finally take off?

    Beijing: As Chinese President Xi Jinping prepares for a second five-year term, foreign investors will be watching for any sign of his long-promised re... Read More

  • Business

    NJHP reservoir?s first filling begins

    LAHORE: The Neelum-Jhelum Hydropower Project (NJHP) on Tuesday entered its final stage as the dam structure across the Neelum River at Nauseri was com... Read More

  • Business

    British inflation at 5-1/2-year high

    LONDON: British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood th... Read More

  • Business

    Copper falls

    Sydney/Melbourne: London copper slipped from three-year highs on Tuesday as a stronger dollar encouraged profit-taking, but renewed optimism over... Read More

  • Business

    Oil up

    Singapore/Tokyo: Oil prices clung to this month´s high on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autono... Read More

  • Business

    Gold stable

    Bengaluru: Gold prices were steady early on Tuesday, after dipping below $1,300 an ounce in the previous session, as the dollar held firm on stro... Read More

  • Business

    Dollar surges

    TOKYO: The dollar edged up against its peers on Tuesday, supported by a rise in Treasury yields following a report that U.S. President Donald Trump wa... Read More

  • Business

    Point of View

    The (Chinese) government has tacitly allowed a mild pickup in credit growth to perk up activity: Alaistair Chan... Read More

  • Business

    Rupee flat

    The rupee ended flat at 105.40 against the dollar in the interbank foreign exchange market on Tuesday, dealers said. “The rupee / dollar parity ... Read More

  • Business

    Palm oil higher

    KUALA LUMPUR: Malaysian palm oil futures climbed to their highest in near three weeks on Tuesday, buoyed by overnight strength in related edible oils ... Read More

  • Business

    Microsoft responded quietly after detecting secret database hack in 2013

    NEW YORK: Microsoft Corp´s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking grou... Read More

  • Business

    Greece, in recession again last year, eyes recovery in 2017-18

    ATHENS: Greece fell into recession again last year, confounding its international creditors who had predicted some growth after years of budget auster... Read More

  • Business

    Panasonic defines new frontiers of technology at GITEX

    DUBAI: Panasonic Marketing Middle East and Africa (PMMAF) is showcasing a full line-up of advanced innovative solutions at GITEX Technology Week 2017... Read More

  • Business

    High Noon.com: Battle for Saudi e-commerce market begins

    RIYADH: In Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, ... Read More

  • Business

    Copper higher

    Sydney/Melbourne: London copper prices charged through the $7,000 mark for the first time in three years on Monday, underpinned by improving manufactu... Read More

  • Business

    Oil jumps

    Singapore/Tokyo: Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an exp... Read More

  • Business

    Gold slips

    Bengaluru: Gold slipped on Monday on a firmer dollar and stronger Asian equities, but stayed above the key psychological level of $1,300. The metal ga... Read More

  • Business

    Euro on defensive

    Hot Now TOKYO: The euro was on the defensive early on Monday after Austria´s election and on concerns over Catalonia´s confrontation with ... Read More

  • Business

    Point of View

    (Gold) prices have established themselves above $1,300, although upside may be little bit limited, so we would expect to see them remain at $1,300-1,3... Read More

  • Business

    Palm oil steadies

    KUALA LUMPUR: Malaysian palm oil futures extended their gains slightly on Monday, supported by overnight strength in soyoil on the Chicago Board of T... Read More

  • Business

    Rupee weakens

    The rupee fell against the dollar on Monday due to fresh surge in the demand for the greenback from importers, dealers said. The rupee closed weakene... Read More

  • Business

    Toyota to test self-driving, talking cars by about 2020

    TOKYO: The car, whose concept model was unveiled earlier this year at the Consumer Electronics Show in Las Vegas, will be able to converse with drive... Read More

  • Business

    Asian markets mostly gain

    Hong Kong: Asian markets extended gains on Monday after a positive lead from Wall Street while the dollar struggled following more weak US inflation ... Read More

  • Business

    Dubai sidelines $20bln property project

    DUBAI: Dubai Holding has put on hold plans to develop Jumeirah Central, its $20 billion office, retail and residential project in the heart of Dubai,... Read More

  • Business

    China offers to buy 5 percentof Saudi Aramco directly

    DUBAI/LONDON: China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to... Read More

  • Business

    Toshiba discussing joint investment

    YOKKAICHI, Japan: Toshiba Corp said it is discussing joint investment in a new chip production line with Western Digital Corp - its estranged busines... Read More

  • Business

    GM reaches deal with workers

    TORONTO: General Motors Co said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada, ending an almost ... Read More

  • Business

    Boosting bees could sweeten chance of a greener Mexico City

    Thomson Reuters Foundation MEXICO CITY: Pumping bellows to create gentle puffs of smoke, Alfonso Cestelos Sanz fends off the ants attacking his beehiv... Read More

  • Business

    Mongolia coal exports cool as China border issue creates bottleneck

    ULAANBAATAR: Mongolia’s coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In ... Read More

  • Business

    China?s new yuan loans rise more than expected

    SHANGHAI: Chinese banks extended more loans than expected in September, buoyed by demand from home buyers and companies, even as the government tight... Read More

  • Business

    Copper stable

    Sydney: Three-month LME copper was flat at $6,887 a tonne, after hitting an intraday one-month peak of $6,903 overnight. ShFE copper climbed more tha... Read More

  • Business

    Oil higher

    Singapore: Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil ... Read More

  • Business

    Gold stalls

    Bengaluru: Gold prices were little changed amid a steady dollar on Friday, halting a five-day rally as investors wait for key U.S. inflation data for... Read More

  • Business

    Euro strengthens

    Hot now LONDON: The euro edged higher on Friday, on track for its biggest weekly rise in a month as investors switched focus from the euro zone’... Read More

  • Business

    Rupee may trade at current levels

    The rupee is likely to maintain the current levels next week due to expected slowdown in the dollar demand, analysts said on Saturday. “The rup... Read More

  • Business

    BlackBerry patent licensing director leaves company

    TORONTO: A key attorney executing BlackBerry Ltd’s patent licensing strategy has left the company, the second recent departure from the team ta... Read More

  • Business

    Soybean rise

    SINGAPORE: Chicago soybean futures edged higher on Friday, with the market poised for the biggest weekly gain in more than three months after the U.S... Read More

  • Business

    Point of View

    The Americans are in the same situation we are. Their own tax system is not adapted for this economy and they’re also losing very substantial r... Read More

  • Business

    Iranians fear economic hardship, but united against Trump

    ANKARA: U.S. President Donald Trump´s hardened stance towards Iran evoked a mixture of indifference and national pride among Iranians on Saturd... Read More

  • Business

    Initial IPO could be limited

    Riyadh: Saudi Arabia is not ruling out the option of limiting the initial sale of Aramco shares only on the Riyadh stock exchange, a spokesman for th... Read More

  • Business

    Saudi Aramco in stake sale talks with Chinese investor

    DUBAI/NEW YORK: Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international publ... Read More

  • Business

    India?s NSL to pursue property litigation with Monsanto

    NEW DELHI: India’s Nuziveedu Seeds Ltd (NSL) said on Saturday it will not settle a long-standing intellectual property dispute with Mo... Read More

  • Business

    Qatar advances boycott case at WTO

    Geneva: Qatar has asked the World Trade Organization to set up a panel to arbitrate its complaint against Gulf neighbours over a four-month old block... Read More

  • Business

    India?s trade deficit narrows

    NEW DELHI: India´s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday. The defi... Read More

  • Business

    No regulatory duty demanded

    LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) not to impose regulatory duty on the import o... Read More

  • Business

    Canada, Mexico stick to NAFTA guns despite Trump threats

    Mexico City: The leaders of Canada and Mexico stuck to their upbeat view on the future of the North American Free Trade Agreement on Thursday, despite... Read More

  • Business

    Japan exports seen up in Sept

    TOKYO: Japan´s exports likely grew for a tenth straight month in September buoyed by upbeat demand from overseas, a Reuters poll showed on Frid... Read More

  • Business

    India eyes airport in Sri Lanka, near Chinese Belt and Road outpost

    COLOMBO/NEW DELHI: India is in advanced talks with Sri Lanka to operate an airport on the southern tip of the island, where China has invested heavil... Read More

  • Business

    China imports blow past expectations

    BEIJING: China´s import and export growth accelerated in September, suggesting the world´s second-biggest economy is still expanding at a... Read More

  • Business

    Copper stalls

    Sydney/Melbourne: Three-month LME copper was flat at $6,887 a tonne, after hitting an intraday one-month peak of $6,903 overnight. ShFE copper climbe... Read More

  • Business

    Oil up

    Singapore/Tokyo: Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chine... Read More

  • Business

    Euro surges

    Hot Now: LONDON: The euro edged higher on Friday, on track for its biggest weekly rise in a month as investors switched focus from the euro zone´... Read More

  • Business

    Palm oil range-bound

    KUALA LUMPUR: Malaysian palm oil futures were range-bound in early trade on Friday and were little changed at the midday break as weaker related edib... Read More

  • Business

    Rupee gains

    The rupee continued to strengthen on Friday amid persistent soft dollar demand from importers. The rupee gained four paisas to close at 105.35 agains... Read More

  • Business

    Samsung Electronics CEO Kwon announces shock resignation as profits surge

    SEOUL: Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a... Read More

  • Business

    Point of View

    (Asian) stock prices will continue to rise in line with growth in corporate earnings globally —Head of research group at Asset Management One ( ... Read More

  • Business

    BASF to harvest seeds, herbicide businesses from Bayer for $7bln

    FRANKFURT: BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince com... Read More

  • Business

    US inflation jumps

    Washington: Soaring fuel prices drove US inflation to an eight-month high in September, with the cost of gasoline hitting an eight-year record, the L... Read More

  • Business

    OPEC, allies hold the cards in oil market

    Paris: OPEC and its allies have regained some control over the oil market as their production limits have eroded the supply glut that caused prices t... Read More

  • Business

    Copper higher

    Sydney/Melbourne: London copper inched to its highest in more than a month on Thursday, underpinned by steady demand and a weaker dollar after the Fed... Read More

  • Business

    Oil drops

    Singapore/Tokyo: Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market. U.S. Wes... Read More

  • Business

    Gold surges

    Bengaluru: Gold prices rose to their highest in two weeks on Thursday amid a muted dollar, after minutes from the U.S. Federal Reserve´s Septemb... Read More

  • Business

    Dollar slips

    Hot Now: SINGAPORE: The dollar hit a two-week low versus a basket of currencies on Thursday after minutes from the U.S. Federal Reserve´s latest... Read More

  • Business

    Palm oil rises

    KUALA LUMPUR: Malaysian palm oil futures on Thursday extended gains for a second session, buoyed by stronger soyoil and technical buying, said trader... Read More

  • Business

    Rupee strengthens

    The rupee inched up in the interbank foreign exchange trade on Thursday due to lower dollar demand from importers and corporate sector, dealers said.... Read More

  • Business

    Point of View

    The global economy is in decent shape, while corporate sentiment is also sound, which is leading to the rise in global stocks ( Masahiro Ichikawa )... Read More

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