KARACHI: The Karachi stock market fluctuated heavily and closed in the negative zone on the last trading day of the week Friday as profit-taking was witnessed in an overbought market, specially in the energy sector, according to Daily Times.The Karachi...
BOMBAY, Sept. 26 (Bloomberg): India's benchmark stock index fell to a week's low, led by commodity producers and software exporters on concern global economic recovery may take longer than expected.Sterlite Industries (India) Ltd., the nation's No. 1 copper producer, lost...
LONDON, Sept. 26 (Bloomberg): European stocks posted their steepest weekly drop since July as US reports on home sales and durable goods undermined speculation that the global economic recovery will be robust.ArcelorMittal and Xstrata Plc led a retreat in basic-...
JAKARTA, Sept. 26 (Bloomberg): Developing-nation equities capped their steepest weekly decline in more than two months on mounting concern that a rally has outpaced economic growth after an unexpected drop in US home sales and factory orders.The MSCI Emerging Markets...
NEW YORK, Sept. 26 (Bloomberg): Wheat fell to the lowest price in more than two years on expectations that farmers will harvest a record crop in India, the world's second-largest grower.India will boost production by 2.5 per cent from a...
NEW YORK, Sept. 25 (Bloomberg): US stocks fell, extending the market's biggest weekly drop since July, as lower-than-estimated data on durable goods orders and home sales overshadowed improving in consumer confidence. Oil rose for the first time in three days;...
UNITED NATIONS, Sept 26 (Xinhua): African leaders attending a UN debate here yesterday called for reform of the global financial system, saying that African countries should be guaranteed a greater voice. Cote d'Ivoire President Laurent Gbagbo said the lesson from...
WASHINGTON, Sept 25 (AFP): The US newspaper industry is struggling, with seven major companies in bankruptcy and 30,000 jobs lost since 2007, but it will not seek a government bailout, the head of the Newspaper Association of America said yesterday....
LONDON, Sept 26 (AFP): A British company was fined 3.5 million pounds yesterday after pleading guilty to overseas corruption and paying money to Saddam Hussein's Iraqi regime in violation of the "oil for food" programme. Mabey and Johnson, who make...
PITTSBURGH, Pennsylvania, Sept 26 (AFP): Japan yesterday defended the significance of the Group of Eight summit despite a shift to a wider grouping, insisting that Tokyo will stand by the eight-member elite forum. The White House announced that the Group...
PITTSBURGH, Sep 26 (PTI): Asking the G-20 nations not to withdraw the economic stimulus packages as 90 million people are likely to turn poor in developing world, India Friday said its economy would grow by 6.3 per cent this fiscal...
AMMAN, Sept 26 (Xinhua): One year after the collapse of Lehman Brothers sparked a worldwide financial downturn, Jordan has only recently started to feel the fallout of the crisis, with officials and economists divided on whether the worst is yet...
NEW DELHI, Sep 26 (PTI): India attracted USD 2.14 billion FDI in the services in the first four months of the current fiscal, the highest among all sectors. Despite the economic downturn, the country managed to attract USD 3.47 billion...
ROME, Sept 26 (AFP): Italian authorities said yesterday they have traced nearly four billion euros (5.9 billion dollars) in assets sent abroad illegally by rich Italians to avoid tax. "Three billion nine hundred million euros sent abroad will be subject...
WASHINGTON, Sept 26 (AFP): US government bank insurer FDIC announced yesterday the latest in a string of US bank failures with the closure of Georgian Bank-the eighth biggest failure in the United States this year. The failure brings to 95...
ANKARA, Sept 26 (Xinhua): Turkey's Industry and Trade Minister Nihat Ergun said yesterday that Turkey and Iran planned to set up a free industrial zone at the border of the two countries, the semi-official Anatolia news agency reported. The zone...
LONDON, Sept 26 (AFP): Crude oil prices dived this week on fresh concerns about the pace of US economic recovery, while gold slid back under 1,000 dollars per ounce on profit-taking. Elsewhere, traders eyed the Group of 20 nations' two-day...
NEW YORK, Sept 26 (AFP): The dollar traded mainly lower yesterday as traders kept a generally upbeat economic outlook and shrugged off comments from the G20 summit stressing the importance of a strong US currency. The euro was changing hands...
KUALA LUMPUR, Sept 26 (Xinhua): Malaysian mooncake manufacturers have introduced a wide range of mooncakes to maintain their competitiveness amidst the global economic crisis. Mid-autumn Festival, or simply the Mooncake Festival, is celebrated on the 15th day of the eighth...
YANGON, Sept. 26 (Xinhua): Gold prices have risen by 2 per cent hitting 590,000 Kyats per tical a day after Myanmar's Central Bank announced on Thursday night that a new denomination of 5,000 Kyats currency notes will be introduced starting...
CHICAGO, Sept. 26 (Xinhua): The US decision to increase Chinese tire tariffs risks starting a full-scale trade war, distorts economic growth and ultimately hurts consumers, according to a US trade expert. In an interview with Xinhua in Chicago last Thursday,...
ROME, Sept 26 (Xinhua): Global food security can be achieved by increasing public investments and developing new efficient technologies, according to the UN Food and Agriculture Organisation (FAO)'s newly published paper. The report set-out the future world targets and challenges...
ABU DHABI, Sept 26 (Xinhua): A study showed that the United Arab Emirates (UAE) has the highest share of female internet users in member nations of the Gulf Cooperation Council (GCC), the Arabian Business journal reported yesterday. More than 40...
FE ReportTrading on the Dhaka Stock Exchange (DSE) resumes today (Sunday) after a nine-day holiday on account of Eid-ul-Fitr.The holiday was prolonged as it had been sandwiched between four-day weekly holidays and two days extra vacation.Investors have seriously criticized the...
The fifth extraordinary general meeting (EGM) of Southeast Bank Limited has approved 1:2 rights shares and issuance of bond for Tk 2.0 billion.The EGM was held in the city Saturday. Chairman of the bank Alamgir Kabir presided over the meeting,...
SYLHET, Sept 26 (BSS): The renovation of Chhatak cement factory will begin next month at a cost of Tk 50 million (5.0 crore) to expedite production.The renovation work will include replacement of ropeway and repairing of ropeway trestle and the...
FE ReportPragati Life Insurance Limited, a leading insurance company in the country, has recently set up a separate urban wing called 'Pragati Urban Division' to penetrate the largely untapped metropolitan and suburban market of the country. This specialized wing, which...
China's State Council, the Cabinet recently issued a document to strengthen support for the development of the country's small and medium enterprises (SMEs), reports Xinhua.The government will deepen reforms in the country's monopoly industries, lowering the market access threshold for...
State Minister for LGRD and Cooperatives Jahangir Kabir Nanok Saturday directed the cooperatives department to form farmers' cooperatives society at the grassroots level to ensure fair prices of agriculture goods, breaking the syndicate of middlemen, reports BSS.He also sought cooperation...
LONDON, Sept 26 (BBC): Japan posted a trade surplus for the seventh straight month in August, compared to a deficit in the same month the previous year, the finance ministry said recently.The surplus was 185.7 billion yen ($2.04 billion) against...
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