Friday, October 31st, 2008 Posted in Global Financial Crisis | No Comments »
ISLAMABAD: The federal government Friday decided to give relief to the people after the prices of petroleum products plummeted down in international market. The government decreased the price of petrol ... Read more..Friday, October 31st, 2008 Posted in News | No Comments »
ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on October 30, for the lowest income group up to Rs.3,000, has registered decrease of 0.69 percent over the previous ... Read more..Friday, October 31st, 2008 Posted in Business | No Comments »
KARACHI: The 100-Index of Karachi Stock Exchange (KSE) on Friday closed unchanged for the sixth consecutive session at 9,182.88 on lack of interest, dealers said. Read more..Friday, October 31st, 2008 Posted in Economy | No Comments »
KARACHI: Advisor to the Prime Minister on Finance Shaukat Tareen said Friday that Rs 20 bln stock market stabilisation fund will be launched in the next couple of days ... Read more..Friday, October 31st, 2008 Posted in Economy | No Comments »
KARACHI: State Bank of Pakistan (SBP) has proposed major changes in the Banking Companies Ordinance-1962 to bring all deposit taking Non-Bank Financial Companies (NBFCs) like Investment Banks, Leasing Companies ... Read more..Friday, October 31st, 2008 Posted in Global Financial Crisis | No Comments »
TOKYO: Japanese Prime Minister Taro Aso announced a 27 trillion yen ($275 billion) stimulus package to shore up the world's No. 2 economy, vowing to dispel fears over the ... Read more..Thursday, October 30th, 2008 Posted in Economy, Global Financial Crisis | No Comments »
ABU DHABI: A meeting of Pakistan's major donors will meet in the UAE capital Abu Dhabi on November 17 to decide on economic aid for the country, an official travelling ... Read more..Thursday, October 30th, 2008 Posted in Economy, Global Financial Crisis | No Comments »
WASHINGTON: The US economy contracted at a 0.3 percent pace in the third quarter, the government reported Thursday, showing the effect of the global credit crunch on consumers and ... Read more..Thursday, October 30th, 2008 Posted in Business | No Comments »
JEDDAH: Jazeera Airways is spending $2.4bn on new aircraft by 2014 and increasing its number of international destinations to 85 from 26 by 2012 as part of ambitious expansion ... Read more..Thursday, October 30th, 2008 Posted in Business, News | No Comments »
DETROIT, Michigan: Struggling US auto giant General Motors has dismissed as "pure speculation" a report that it had asked Japanese rival Toyota Motor Corp. for help to revive its business. According ... Read more..Thursday, October 30th, 2008 Posted in Business, Economy, News | No Comments »
ISTANBUL: The first “World Economic Forum on Europe and Central Asia 2008” is being held today (Thursday) in Istanbul. Government and business leaders from various European countries, Turkey, Russia, Central Asia ... Read more..Tuesday, October 28th, 2008 Posted in Business, News | No Comments »
NEW YORK: Boeing Co and its biggest union have agreed a tentative deal to end the longest strike at the planemaker's plants for 13 years and halt revenue losses estimated ... Read more..Tuesday, October 28th, 2008 Posted in Economy, Global Financial Crisis | No Comments »
LONDON: OPEC ministers will take further steps to prop up the oil market and could call another meeting before the group's next scheduled talks in December, officials said on Tuesday. In ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
LONDON: British Prime Minister Gordon Brown called on China and oil-rich Gulf states to bolster the International Monetary Fund as more countries rocked by the global economic downturn seek ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
GRAND RAPIDS: Whirlpool Corporation said it will cut 5,000 jobs by the end of 2009 because of the global credit crisis and its expectation for continued reduced demand in North ... Read more..Tuesday, October 28th, 2008 Posted in Economy, Global Financial Crisis | No Comments »
ISLAMABAD: Shaukat Tareen Adviser to Prime Minister on Finance and Economic Affairs said on Tuesday Pakistan’s homegrown economic stabilization plan is robust enough that is likely to be supported by ... Read more..Tuesday, October 28th, 2008 Posted in People & Places | No Comments »
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LONDON: Oil rose toward $64 on Tuesday, tracking a recovery in European and Asian stock markets as dealers returned to buy beaten-down shares. Traders were also watching closely for any evidence ... Read more..Tuesday, October 28th, 2008 Posted in Economy, Global Financial Crisis | No Comments »
SINGAPORE: Pakistan's credit rating was lowered by Moody's Investors Service, which signaled further cuts are possible as the South Asian nation seeks a bailout from the International Monetary Fund to ... Read more..Tuesday, October 28th, 2008 Posted in Economy, Global Financial Crisis, News | No Comments »
BOULDER, Colorado: A small-scale Colorado gold mine, which had been cashing in on the uncertain financial times and the soaring price of the precious metal is now feeling the burn ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
SINGAPORE: Singapore's economy, which is already in a technical recession, will remain weak in 2009 on projections the global economic outlook will deteriorate further, the central bank said Tuesday. As a ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
SYDNEY: Australian business conditions fell sharply in the third quarter on lower sales and profits, a National Australia Bank (NAB) survey released Tuesday showed. The NAB said while business confidence rose ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
TOKYO: Japan will impose a ban Tuesday on naked short selling of stocks to try to stabilise Asia's largest bourse amid the worst financial crisis in decades, the finance minister ... Read more..Tuesday, October 28th, 2008 Posted in Global Financial Crisis | No Comments »
LONDON: Britain's central bank urged new constraints on banks Tuesday to avoid a repeat of the financial crisis, saying there needed to be a "fundamental rethink" of how the ... Read more..