Search Results for 'US'

Corporate results: Indus Motor profits jump on regular price...

KARACHI: Indus Motor Company profits surged 79% in the current financial year as the car assembler used regular price hikes not only to protect profit margins but also increase them. The country’s second largest car assembler profit [...]

Posted On : Apr, 24 2012 | Comments : 0

Dollar slightly up versus rupee

KARACHI: The dollar closed slightly higher versus the rupee in the interbank market, dealers said on Tuesday. The dollar opened the day’s trading at Rs 90.69 for buying, gained two paisas and closed at Rs 90.71 for buying and Rs 90. [...]

Posted On : Apr, 18 2012 | Comments : 0

Agribusiness Fund to promote good agricultural practices

LAHORE: The Agribusiness Support Fund (ASF), under United States Agency for International Development’s (USAID) agribusiness project, has established a value chain platform called the National Technical Working Group to promote Glob [...]

Posted On : Apr, 04 2012 | Comments : 0

Brazil to issue multiple visas to businessmen for increasing...

Peshawar—Ambassador of Brazil to Pakistan, Alfredo Leoni Monday said that governments of Barzil and Pakistan are working on a plan to relax travel restrictions and provide multiple visas to businessmen of both the countries with the [...]

Posted On : Apr, 03 2012 | Comments : 0

MICROCAPITAL BRIEF: Telenor Pakistan, Tameer Microfinance to...

Telenor Pakistan Limited, a telecom operator in Pakistan with 28.5 million customers, recently announced that it will increase its focus on its mobile banking unit to face increased competition in the sector. In January, Telenor Pakistan& [...]

Posted On : Mar, 16 2012 | Comments : 0

HSBC to Sell General-Insurance Businesses in Hong Kong, Sing...

HONG KONG—HSBC Holdings PLC said Wednesday that it has agreed to sell its general-insurance businesses in Hong Kong, Singapore, Argentina and Mexico to AXA Group and Australia's QBE Insurance Group Ltd. in separate deals valued [...]

Posted On : Mar, 07 2012 | Comments : 0

Banks lead US stock rally; Nasdaq nears 3,000

NEW YORK: Banks dodged a big hit from the Greek debt crisis and rallied Thursday to lead the stock market higher. Strong retail sales and more encouraging news about the U.S. job market also helped stocks rise. The banks of the world a [...]

Posted On : Mar, 02 2012 | Comments : 0

US airlines sue Exim Bank over AI loan

WASHINGTON: The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines. In a revised complaint f [...]

Posted On : Feb, 21 2012 | Comments : 0

Banks and industrials lead rally for stocks after Greek cost...

Investors shook off their worries about Greece on Monday and got back to their routine of little-by-little gains. The Dow Jones industrial average climbed 73 points — nothing flashy, but enough to regain most of what it lost with an [...]

Posted On : Feb, 14 2012 | Comments : 0

American Airlines workers anxious about Tulsa jobs

American Airlines workers were left in the dark Thursday about whose jobs would be on the chopping block in Tulsa a day after the nation's third-largest airline company said 2,100 employees would likely be laid off at the city's m [...]

Posted On : Feb, 03 2012 | Comments : 0

Textile industry in Punjab without gas supply for 31st day r...

LAHORE: Textile industry in Punjab is out of gas supply for the last 31 days. The textile industry circles said gas supply to textile industry has been suspended for 31 days in Faisalabad region and for 28 days in Lahore region. Result [...]

Posted On : Jan, 23 2012 | Comments : 0

Gas load management plan discussed

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that gas load management plan has been prepared after consultation with all the stakeholders. In a meeting held in the Ministry of Petroleum and Natural Resourc [...]

Posted On : Jan, 11 2012 | Comments : 0

Malaysia Airlines to suspend Karachi service

KARACHI: Malaysia Airlines has informed the local authorities of its decision to suspend its two weekly services to Karachi from January 12, 2012, to stem losses in an effort to return to profitability. “The decision is much regr [...]

Posted On : Dec, 23 2011 | Comments : 0

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]