Wall Street falls as Fed minutes send bond yields higher
US stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal...
Bitcoin nearly doubles in value from year’s low hit in early February
Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year,...
Oxfam says former Haiti director admitted hiring sex workers
The former Oxfam country director at the centre of a prostitution scandal admitted to paying for sex at his...
Hyderabad Chamber of Commerce & Industry has demanded the authorities concerned to get industrial plots and coal mines belonging to influential people of Jamshoro District retrieved from illegal occupation. Abdul Qayoom Nusrat, Vice Chairman of Law and Order maintained that efforts of the HCCI to attract foreign investment in... Read more
WhatsApp, top deal of the past 10 years
WhatApp deal is considered “The world’s top deal over a decade”.  The deal was sealed on February 19 between Chief Executive Mark Zuckerberg and WhatsApp’s founder Jan Koum. On Monday, the social network confirmed the closing of the deal in a document filed with the US Securities and Exchange Commission. The document... Read more
HSBC to announce bonuses totaling $4 billion: report
Reuters – HSBC will announce staff bonuses totaling just under 2.4 billion pounds ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, Sky News reported on its website on Saturday without citing its sources. Referring to an unnamed source close to the... Read more
India – PK trade negotiations
In Pakistan several lobbies have become all of a sudden quite active and vocal about the India – Pakistan Trade negotiations. Despite the productive meeting between the two commerce ministers in New Delhi  and a successful visit of Mian Shahbaz Sharif the negotiations have once again gone off the track.... Read more
KSE closed higher on Friday
KSE  on Friday closed higher. The KSE 100  index of rising 96.55 points to 25,603.35. The rise took place after uncertainty  peace talks crumbled between the Pak. Govt and TTP. Read more
3G and 4G  auctions will take place in April – Dar
Finance Minister confirmed that auctions for 3G and 4G license will take place in April 2014. The 3G and G4 license will cost $295 million and cost $210 million respectively. Read more
Most Influential Women
Forbes Magazine listed the world’s 100 most powerful women and making big impact in the business world. The list topped by Mary Barra (CEO General Motors) Read more
Mixed oil prices in Asia trade
On Friday the oil prices remained mixed in Asian trade as dealers showed their concerns at  the Chinese economy which is losing strength against the US stockpiles figures. The analysts believe that the US benchmark WTI (West Texas Intermediate) for April eased one cent to $102.74 in mid-morning trade,... Read more
PMI index points of China fell 48.3 in Feb – 2014
The PMI for China’s manufacturing industry fell to 48.3 points in February which is the second consecutive monthly drop after a final reading of 49.5 points in January, British bank HSBC said Thursday. The PMI index for China tracks manufacturing activity in factories and workshops, and a reading below... Read more
Japan’s easy money policy
Japan prime minister’s  policies have produced disappointing growth numbers for 2013. The figures  published for Q4, revealed lower than expected private consumption, business investment and shipping. The actual growth was just 0.3%, instead of a forecast 0.7%. The sales tax increasing in April, most economist expect a spike in private... Read more
Pakistani stocks shed 427 points
Most of Punjab to remain without gas for at least 48 hours: SNGPL