Posts tagged Financial
ANADIGICS Joins Exclusive NASDAQ Global Select Market
Jan 10th
Company Selected for Demonstrating Highest Financial and Governance Standards
(No Ratings Yet)
Loading ...Federal cabinet to meet today
Dec 29th
ISLAMABAD: An important session of federal cabinet with Prime Minister Syed Yousuf Raza Gilani chairing, will be held today to decide over various issues facing country including overall political situation. The cabinet is expected to approve inter-government matters including five ministries initially devolved to provinces and the financial affairs of these ministries
(No Ratings Yet) Loading ...PSO paid Rs.26b on oil sale
Dec 25th
KARACHI: The government of Pakistan has paid Pakistan State Oil (PSO) dues worth 26 billion rupees on sale of oil to other state departments on Friday, CNews News reported. PSO officials told CNews News that government had paid the company 26.30 billion rupees dues relating to oil sale to different government departments
(No Ratings Yet) Loading ...Asian markets slip as eurozone fears outweigh US data
Dec 24th
HONG KONG: Asian shares fell in thin pre-Christmas trade on Friday as eurozone fears returned after Portugal”s debt rating was cut due to concerns it could slip into recession. The news from Europe led investors to ignore a batch of upbeat data supporting hopes for a strong recovery in the United States. Tokyo fell 0.71 percent by the break as exporters were hit by a weak euro.
(No Ratings Yet) Loading ...Bribery charges dropped against former US Vice President Dick Cheney
Dec 17th
According to the Nigerian media, the bribery charges against former US Vice President Dick Cheney and Halliburton have been dropped after the energy firm agreed to pay up to $250 million in fines. The charges stem from a case involving millions allegedly paid in bribes to Nigerian officials by Halliburton and other firms to win a contract to build a $6 billion liquefied natural gas plant in Nigeria’s oil-rich southern delta.
(No Ratings Yet) Loading ...China business in Africa breaking free of Beijing
Dec 12th
JOHANNESBURG: Chinese businesses are enjoying increased autonomy and economic freedom to invest in Africa, analysts say, challenging diplomatic perceptions that Beijing is playing puppet master on the continent. With China”s role in Africa the subject of considerable tension with the United States, the reality, according to financial experts, is that the sheer scale of Chinese interests makes overarching control impossible
(No Ratings Yet) Loading ...Khosa removed for anti-corruption steps
Dec 8th
KARACHI: Former DG of Federal Investigation Agency (FIA) Tariq Khosa was removed from his office for taking up stringent measures against corruption and cooperating with the US government, according to memos revealed by WikiLeaks. This revelation was made in a cable of US embassy official Gerald M. Feierstein, who wrote: (C) The FBI”s primary Pakistani counterpart is the Federal Investigation Agency (FIA).
(No Ratings Yet) Loading ...Wikileaks” revelations not worthwhile: Rana Sanaullah
Dec 7th
LAHORE: Punjab Law Minister Rana Sanaullah has said that Wikileaks revelations are not worthwhile to be discussed or to pass any resolution in this regard in the august forum of Punjab Assembly.
(No Ratings Yet) Loading ...Big Three ratings agencies face competition
Nov 23rd
PARIS: The Big Three credit rating agencies, under fire for failing to anticipate the global financial crisis, have spurred new players to offer alternatives but the trio”s dominance of the sector seems secure for the moment, analysts said. “It”s a matter of at the same time introducing more competition while making investors less sensitive to the ratings,” said Jerome Cazes, head of the French credit insurer Coface. Coface and another French insurer, Euler Hermes, along with US entities Egan Jones, DBRS and Meredith Whitney Advisory Group, are all anxious to do battle with the Big Three — Moody”s Investors Service, Fitch Ratings and Standard and Poor”s
(No Ratings Yet) Loading ...Obama arrives in Mumbai for first leg of Asia tour
Nov 6th
MUMBAI: US President Barack Obama arrived in Mumbai on Saturday, a photographer of a French news agency at the airport said, for the first leg of a trade-focused Asia tour to create new markets for US firms and fresh jobs back home. The presidential jet Air Force One touched down in India”s financial hub just before 12:50 pm (0720 GMT).
(No Ratings Yet) Loading ...Contacts between parties a routine matter: Mukhtar
Nov 5th
LAHORE: Federal Minister for Defence Ch Ahmed Mukhtar said on Friday that contacts between political parties were a routine matter. Talking to media men at a function organized by Peoples Unity PIA employees union at Allama Iqbal Airport here, he said that present government had yet to complete its remaining two years tenure and lets see which party had affiliation with which political party
(No Ratings Yet) Loading ...‘Toy Story’ Shorts on the Way; No Plans For ‘Toy Story 4′
Nov 5th
Given the critical and commercial success of Toy Story 3 this past summer, a fourth entry in Pixar’s flagship franchise probably seems like a no-brainer. Despite the sense of closure the third film provided for Woody, Buzz, and the rest of the gang, Hollywood continually reminds us that no property is truly finished until it stops making money.
(No Ratings Yet) Loading ...State Bank of Pakistan (Amendment) Bill, 2010 passed
Nov 5th
ISLAMABAD: National Assembly on Thursday passed the Bill further to amend the State Bank of Pakistan Act, 1956 (The State Bank of Pakistan (Amendment) Bill, 2010. The Act to be called the State Bank of Pakistan (Amendment) Act, 2010 shall come into force at once. Presenting the Bill, State Minister for Finance Hina Rabbani Khar said the State Bank of Pakistan Act, 1956, being old law would benefit from being updated to being it closer to the current emerging functions of a modern central bank and to better conform to best international practices
(No Ratings Yet) Loading ...Oil leaps past $85 in Asia
Nov 4th
SINGAPORE: A larger-than-expected US Federal Reserve spending injection led oil past 85 dollars in Asia on Thursday, analysts said. New York”s main contract, light sweet crude for delivery in December, rose 52 cents to 85.21 dollars a barrel.
(No Ratings Yet) Loading ...6th tranche of IMF loan linked to RGST
Nov 3rd
ISLAMABAD: Federal Finance Minister Dr.
(No Ratings Yet) Loading ...Sleeping on a problem is best way to solve it
Nov 2nd
LONDON: Sleeping on a problem may really be the best way to solve it, researchers have discovered. Distracting yourself for a few minutes with something else or, even better putting off the issue until the next day, helps the brain come up with the ideal solution, the study found. According to experiments, people who consciously struggle with a difficult question are more likely to get the wrong answer, compared to those who put it on the mental backburner
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