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Tag: Business News

Govt focusing on equitable development of marginalised regions: Bakhtiar

The government will accord priority to the development of less privileged sections during the next five years, said the federal minister.

Toyota, Suzuki exploring possible partnership

TOKYO: Japan's Toyota Motor Corp and minivehicle maker Suzuki Motor Corp said they plan to explore a possible partnership, citing technological challenges and the...

China aims to maintain growth pace, fend off unemployment in five-year plan

China aims to keep its economy growing by at least 6.5 percent over the next five years while pushing hard to create more jobs and restructure inefficient industries, Premier Li Keqiang said on Saturday.

Airbus Group lifts A330 output goal as profits meet expectations

Airbus Group (AIR.PA) reversed part of its plans to cut production of a key aircraft model due to a rebound in demand, a move likely to generate extra cash as it posted 2015 profits in line with expectations on Wednesday.

Insight – Slumbering Pakistani steel giant shows why state sell-offs are stalled

Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still.

Oil prices fall near 2003 lows on oversupply, demand worries

Oil fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the outlook for demand.

Wall Street loses gains as health stocks, oil prices slide

Wall Street gave up early gains and were lower late on Monday morning, dragged down by health stocks and as crude prices slid further ahead of the start of the corporate earnings season.

Spotify hit by new $200 million copyright suit

Streaming leader Spotify has been hit by a new copyright lawsuit seeking $200 million, in the second such case within weeks.

Pakistan’s total liquid foreign reserves stand at US$ 20,810.1 million

During the week ending on 1st January 2016, Pakistan's liquid foreign reserves declined by US$289 million.

Fears for world economy wreak carnage on stocks, oil

World stock markets tumbled and oil plumbed new depths Thursday as investors feared for the global economy on signs of a dramatic slowdown in powerhouse China.

Activist investor turns up heat on Yahoo, seeks leadership change

Activist investor Starboard Value LP on Wednesday ramped up pressure on Yahoo Inc, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect a proxy battle is nearing.

Oil prices could hit low point in Q1 – BP’s Dudley

The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.

Oil prices trade below $42 in Asia

Oil prices traded below $42 in Asia Monday ahead of an OPEC meeting and the release of data on China's important manufacturing sector later in the week.

Oil down in Asia on oversupply fears

Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stockpiles have reached a record high put pressure on futures.

New iPhones hit stores, record sales expected in first weekend

The new iPhone 6s and 6s Plus hit stores on Friday, with dozens of people - and a robot - queueing in Sydney to kick off a global sales cycle that will be scrutinized for signs of how much juice Apple Inc's marquee product has left.

G20 promises transparency on rate moves as global economy disappoints

World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday.

EU eyes McDonald’s tax probe: official

The EU may probe sweetheart tax deals that US fast food icon McDonald's allegedly agreed with Luxembourg, the bloc's competition chief said Tuesday, adding to a growing list of suspects.

Facebook revenue growth slows, costs weigh on profit

- Facebook Inc (FB.O) posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.

Oil edges up as Iran uncertainty, Yemen turmoil support

Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.

Aged populations to hamper growth in leading economies: IMF

Advanced economies face limits on future growth due to the drag from aging populations, unless they can boost productivity through technology and infrastructure investment, the International Monetary Fund said Tuesday.
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