Business
Global assets under management rebound: study
Sep 28th
Tue Jul 20, 2010 11:50am EDT BOSTON (Reuters) – Global assets under management rebounded last year as markets rallied, but investor jitters about future returns will force managers to review the way they do business, according to a report released on Tuesday. BOSTON (Reuters) – Global assets under management rebounded last year as
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Loading ...Banks in `Downward Spiral’ Buying Capital in CDOs Distrusted by Regulators
Sep 28th
By Yalman Onaran and Jody Shenn June 8 (Bloomberg) — U.S. banks are fighting to preservethe use of securities that help them appear better capitalized,even as their investments in each others’ notes perpetuate whatone regulator calls a “downward spiral” of losses
(No Ratings Yet) Loading ...Stocks up 27 points to close at 9,936
Sep 28th
KARACHI: The share prices at Karachi Stock Exchange (KSE) on Monday ended higher on renewed foreign interest inmiddle-tier shares despite political uncertainty. The Karachi Stock Exchange”s benchmark 100-share index ended 0.28 percent, or 27.35 points, higher at 9,936.79.
(+2 rating, 1 votes) Loading ...Rupee at record low against dollar
Sep 28th
KARACHI: The Pakistani rupee fell to a record low on Monday because of increased dollar demand for import payments. A currency dealer said the rupee traded as low as 86.07,beating the previous record low on Sept 24 of 86.03. The rupee ended at 86.10/14 to the dollar, compared with Friday”s close of 86.04/09.
(No Ratings Yet) Loading ...47.24 million ounces Gold reserves in country, NA told
Sep 28th
ISLAMABAD: Minister for Petroleum and Natural Resources Syed Naveed Qamar on Monday informed the National Assembly that the estimated reserves of Gold in the country are 47.24 million ounces and Silver as 2.49 million ounces. He said the occurrence and showing of Gold and Silver have been reported from various parts of the country including Balochistan, Gilgit-Baltistan and Khyber-Pukhtunkhaw regions. However, the reserves of these occurrence and showing have not been confirmed except for the Saindak and Rekodiq deposits, district Chaghi, Balochistan, he added
(No Ratings Yet) Loading ...Centre, provinces reach agreement on GST
Sep 28th
ISLAMABAD: After nine months of talks, the federal government and all the provinces in a meeting on Monday reached a consensus on imposing the reformed General Sales Tax (GST) on services from October 1 through provincial legislation, CNews News reported. The provinces are expected to complete their legislation process on or before September 30 to implement and enforce the reformed tax system on services from October 1.
(No Ratings Yet) Loading ...J&J cuts profit view on recalls, discloses subpoena
Sep 28th
NEW YORK | Tue Jul 20, 2010 8:49am EDT NEW YORK (Reuters) – Johnson & Johnson’s (JNJ.N) revenue fell far short of Wall Street expectations and it cut its full-year profit forecast for the second time this year, citing repeated recalls of Tylenol and other consumer medicines. NEW YORK (Reuters) – Johnson
(No Ratings Yet) Loading ...Global banks must beef up capital: U.S. regulator
Sep 28th
By Glenn Somerville and Pedro Nicolaci da Costa WASHINGTON | Tue Jul 20, 2010 10:49am EDT WASHINGTON (Reuters) – Banks worldwide need to strengthen their balance sheets to stabilize the financial system, senior U.S.
(No Ratings Yet) Loading ...Senate Democrats Propose Paring Tax Increase for Investment-Fund Managers
Sep 27th
By Brian Faler and Ryan J. Donmoyer June 8 (Bloomberg) — Senate Democrats said they will scaleback a House-approved tax increase on investment-fund managersas part of their jobs legislation. The plan would tax an increasing amount of the profit sharepaid to fund executives, known as carried interest, at higherordinary income tax rates rather than at
(No Ratings Yet) Loading ...BA cabin crew reject new pay offer: union
Sep 27th
LONDON | Tue Jul 20, 2010 12:22pm EDT LONDON (Reuters) – British Airways cabin crew have voted against a revised pay offer to settle a long-running dispute, their union said Tuesday, but the airline said the ballot showed support for the union ebbing away. LONDON (Reuters) – British Airways cabin crew have
(No Ratings Yet) Loading ...Special Report: We’re from Wall Street and we’re here to help
Sep 27th
By Matthew Goldstein NEW YORK | Tue Jul 20, 2010 12:15pm EDT NEW YORK (Reuters) – Jason Ader, a former hot-shot casino industry analyst turned wealthy hedge fund manager, is rolling the dice, hoping to become a community banker in Las Vegas. NEW YORK (Reuters) – Jason Ader, a former hot-shot
(No Ratings Yet) Loading ...BP Seeks to Add Capacity to Recover Leaking Gulf Oil as Capture-Rate Rises
Sep 27th
By Jim Polson June 8 (Bloomberg) — BP Plc has proposed expanding itscapacity to recover oil from the leaking Gulf of Mexico well,Coast Guard Admiral Thad Allen said. Adding two vessels to BP’s current plan would allow forredundancy should one of the two systems break down, Allen saidtoday at a press conference in Washington.
(No Ratings Yet) Loading ...Housing starts fall, permits offer ray of hope
Sep 27th
WASHINGTON | Tue Jul 20, 2010 8:44am EDT WASHINGTON (Reuters) – Housing starts fell more than expected in June to their lowest level in eight months, a government report showed on Tuesday, supplying further evidence the economy was losing momentum during the second quarter. WASHINGTON (Reuters) – Housing starts fell more than
(No Ratings Yet) Loading ...Goldman’s earnings tumble 82 percent
Sep 27th
By Steve Eder NEW YORK | Tue Jul 20, 2010 8:27am EDT NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) posted lower second-quarter earnings, hurt by its settlement of U.S.
(No Ratings Yet) Loading ...Authorities in PEPCO wary of proposal
Sep 27th
ISLAMABAD: Pakistan Electric Power Company (PEPCO) officials have warned incumbent government against proposals, which include bringing reforms or disbanding company, given the prevailing situation erupted after worst spate of floods and a looming political turmoil in country, CNews News reported.
(No Ratings Yet) Loading ...Quetta admin fails to implement price list
Sep 27th
QUETTA: The district administration of Quetta failed to implement the price lists at Sunday Bazaars despite all its claims of control, CNews News reported Sunday. The distraught people have to buy the chicken, beef, mutton, vegetables, fruits and other eatables at exorbitant prices which bludCNewsned fourfold. The people are all in protest on the non-implementation of price list issued by the government for Sasta Bazaars.
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