Tag archive for ‘business & trade news’
By khabrain On Thursday, October 15th, 2015

Air China to launch operations in Pakistan

ISLAMABAD: Air China announced to launch its new route to connect Chinese capital Beijing with Islamabad and Karachi starting on October 26. Air China, with A330-200 operations, will fly three flights a week on More...

By khabrain On Saturday, June 13th, 2015

Greece cliffhanger keeps forex rates steady

NEW YORK (AFP) – Foreign-exchange traders held their positions Friday ahead of a weekend during which the Greek drama over its bailout loans from the EU and IMF could come to a head. The euro, dollar, yen More...

By khabrain On Friday, May 15th, 2015

Asian markets mostly up, Euro holds gains

Asian markets mostly advanced Friday following a healthy rally on Wall Street, while Tokyo was supported by a weaker yen and Hong Kong enjoyed strong buying in the afternoon to put on almost two percent. The euro More...

By khabrain On Wednesday, May 13th, 2015

HSBC subsidiary announces sale of 10pc stake in Chinese bank

HONG KONG: Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China’s Industrial Bank in a transaction that could be worth $4.74 More...

By khabrain On Wednesday, May 6th, 2015

Asia shares lose steam as Wall Street sags

HONG KONG (AFP) – Asian stocks lost steam on Wednesday, with most leading indexes in retreat after US markets slumped on worries about surging oil prices and growing tensions over the Greek debt crisis. Sydney More...

By khabrain On Saturday, May 2nd, 2015

US stocks rally after weak 1Q GDP data

NEW YORK (AFP) – Wall Street stocks finished the week on a positive note after a bruising two-day retreat following a dismal US economic growth report. Friday s rally limited the losses, with the Dow Jones More...

By khabrain On Friday, May 1st, 2015

Tokyo’s Nikkei index recovers after selloff

TOKYO (AFP) – Tokyo s benchmark index ended flat on Friday, as a weaker yen helped recover early losses that were driven by investors disappointment over the Bank of Japan holding off fresh stimulus measures More...

By khabrain On Wednesday, April 29th, 2015

Dollar slides to 8-week low on U.S. data; traders eye Fed

The dollar dropped to an eight-week low on Tuesday after a weak U.S. consumer confidence report, with investors cautious about a Federal Reserve meeting that could reinforce the view that interest rates in the world’s More...

By khabrain On Tuesday, April 28th, 2015

Islamic finance body IFSB launches industry indicators

KUALA LUMPUR: The Islamic Financial Services Board (IFSB) has launched a databank of industry indicators covering 15 member countries, helping shed new light on the size and shape of the sharia-compliant banking More...

By khabrain On Monday, April 27th, 2015

Pakistanis buy Dubai properties worth $379 mln in three months

DUBAI: Pakistani investors pumped a whopping $378.99 million in Dubai’s real estate sector in the first three months of 2015 – the second largest investment after India in the non-Arab category. According to More...