Bubble trouble? Bitcoin tops $11,000 after $1,000 surge in 12 hours
Bitcoin zoomed past $11,000 (£8,185.50) to hit a record high for the sixth day in a row on Wednesday...
Meredith to buy US publisher Time in Koch-backed deal
US media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated...
German car makers warned of possible battery materials shortage
The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in...
Watchdog warns of ‘high risk’ digital currency offers
A European financial markets watchdog warned Monday of the risks to investors of putting money in Initial Coin Offerings (ICOs), and to firms of stepping over the line of legality. The Paris-based European Securities and Markets Authority (ESMA), an independent EU body, said it had observed “rapid growth” in... Read more
Oil tankers associations threaten strike OGRA raise freight fares up 64%
The All Pakistan Oil Tankers Association (APOTA) threatened to go on a strike following the Oil and Gas Regulatory Authority (OGRA) raised the freight fares for oil tankers by 64%. In a notification issued by OGRA raised the transportation fares for oil tankers in the short route by Rs141... Read more
Honda at fault in complaint over gasoline: oil companies
A body representing oil companies in Pakistan said Honda Motor Company, which has blamed local gasoline companies for damage to engines in one of its vehicle models, appears to know the engines are incompatible with Pakistani fuel standards and need to be calibrated. Honda Motor Co’s Pakistan subsidiary, Honda... Read more
Pakistan open for foreign investment in diverse areas: PM
Prime Minister Shahid Khaqan Abbasi on Thursday urged the world businessmen and entrepreneurs to benefit from the business-oriented policies of the government as well as investor-friendly environment of Pakistan, which was open for foreign investors in diverse areas. Addressing the opening ceremony of a four-day “Emerging Pakistan” International Expo... Read more
World stocks pause after record runs
World stock markets were mixed on Wednesday as traders took profits following recent gains that have sent indices to record or multi-year highs. Optimism about the global economy and a string of positive earnings results have supported world equities in recent weeks. The eurozone’s main markets Frankfurt and Paris... Read more
Snapchat launches redesign after growth disappoints Wall Street
Snap Inc is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board after being clobbered by Wall Street for another quarter of slowing user growth. The Venice, California-based firm, which had the hottest debut of any tech stock in... Read more
Asia shares near decade highs, currencies tread water
Asian shares hovered near decade highs on Monday as strong US economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focused on US President Donald Trump’s tour of Asia this week. Trump ramped up his tough rhetoric against North Korea as... Read more
Shares of ´arrested´ Saudi billionaire´s company dive 9.9%
Shares in Kingdom Holding, 95 percent of which is owned by billionaire Prince Al-Waleed bin Talal, dived 9.9 percent as the Saudi stock exchange opened Sunday after reports of his arrest. The Saudi Tadawul All-Shares Index (TASI) also dropped 1.6 percent only a minute after the start of trading... Read more
US approves $1-billion Qatar arms deal despite Gulf crisis
The United States government on Wednesday approved a $1.1 billion deal to service Qatar’s F-15 fighter jets despite the diplomatic stand-off between the Gulf emirate and its neighbours. Qatar, home to one of the largest US military bases in the Middle East, is locked in a bitter dispute with... Read more
FBR extends tax returns deadline to Nov 15
The Federal Board of Revenue (FBR) has extended the deadline to file annual income tax returns and wealth statements for year 2016-17 to November 15. According to the FBR notification, now tax filers can submit their returns for 2016-17 till November 15, 2017. All those whose annual salary from... Read more
Samsung Electronics posts record Q3 profits, replaces CEOs
Samsung Electronics logged a record profit of $10.0 billion for the third quarter and announced a sweeping reshuffle of its top management on Tuesday, seeking to maintain its lead while its heir is in prison. The world’s biggest memory chip and smartphone maker has faced multiple challenges since last... Read more
OGRA proposes Rs 2.5 hike in petrol price
The Oil and Gas Regulation Authority (Ogra) has proposed to the federal government hike in the prices of POL products. According to summary sent to the federal government, the OGRA has recommended to increase the petroleum prices from Rs2.5 to Rs 16 per litre and high-speed diesel (HSD) by... Read more
Oil markets firm on expected extension of output cuts
Oil markets were firm on Monday, with Brent crude opening above $60 per barrel on expectations an OPEC-led production cut due to expire next March would be extended. Brent crude oil futures LCOc1, the international benchmark for oil prices, were at $60.53 per barrel at 0054 GMT, up 9... Read more
Brexit hastens Kashmir´s economic break with Britain
The tiled palaces beside Pakistan´s Mangla reservoir and dozens of exchange offices testify to the prosperity enjoyed by Kashmir´s Mirpur thanks to vast sums of cash sent back by tens of thousands of emigrants living in Britain. With few jobs and little industry, the residents of Pakistan´s “Little England”... Read more