Blogs Posts in Business category; 63 blog posts

World Bank announces $900 mn for Pakistan floods

The World Bank has announced a grant of $900 million for relief and reconstruction work following the floods in Pakistan that have cost the nation around Rs.250 billion, a media report said on Friday. Pakistan is grappling with its worst [...]

Posted On : Aug, 13 2010 | Comments : 0

Status quo on discount rate takes KSE 259 points down

Bears reigned supreme at the Karachi stock market on Tuesday as the State Bank of Pakistan (SBP) kept the discount rate unchanged in its monetary policy, which propelled investors to offload their holdings. The Karachi Stock Exchang [...]

Posted On : May, 26 2010 | Comments : 0

KSE under pressure as world markets tumble

The Karachi share market on Wednesday remained under pressure despite healthy results announcement by blue-chip companies as downslide in the global markets following financial problems in Europe left its impact on the bourse. &ldqu [...]

Posted On : Apr, 29 2010 | Comments : 0

WORLD FOREX - Euro Rises Vs Dollar, Yen On ECB Trichet Remar...

The euro rose against the dollar and yen in Asia Friday as remarks by European Central Bank President Jean-Claude Trichet in support of potential International Monetary Fund aid for Greece prompted U.S. hedge funds to pick up the single [...]

Posted On : Mar, 26 2010 | Comments : 0

World prices for oil gone down

The world prices for oil, following the results of the tenders on Thursday have gone down, the agency reports citing RIA RosBusinessConsulting (RBC). According to RBC, the prices of the world market for oil, following the results of the [...]

Posted On : Jan, 29 2010 | Comments : 0

WORLD FOREX - Euro Hits 20-Week Low Vs Dollar; Greece, China...

The euro fell to a 20-week low against the dollar in Asia on Wednesday as short-term players in the region reacted to more negative news on the euro-zone economy overnight, and to falls in Chinese share markets, by offloading the risk-sensi [...]

Posted On : Jan, 20 2010 | Comments : 0

Now, world's tallest hotel in Dubai

Within days of throwing Burj Khalifa open to public, Dubai added yet another feat to its repertoire of skyscrapers launching a 72-floor tower structure declared the world's tallest hotel. A leading hotel management company has inaugurated [...]

Posted On : Jan, 07 2010 | Comments : 0

Worlds tallest tower opens today in Dubai

Dubai is set to open the world’s tallest building amid tight security today, celebrating the tower as a bold feat on the world stage despite the city-state’s shaky financial footing. The height of the Burj Dubai remained a close [...]

Posted On : Jan, 04 2010 | Comments : 0

US dollar share of world reserves slips in Q3-IMF

The IMF data showed the dollar's share of the roughly $4.4 trillion of world reserves of which the composition is known fell to 61.6 percent between July and September, from 62.8 percent in the prior quarter. The euro's share of known reser [...]

Posted On : Dec, 31 2009 | Comments : 0

Abu Dhabi Bails Out Dubai World With $10 Billion

Abu Dhabi provided $10 billion to help Dubai World, the state-owned holding company, avoid defaulting on a $4.1 billion bond payment that roiled global financial markets during the past month. Dubai World will use the money to cover debt [...]

Posted On : Dec, 14 2009 | Comments : 0

World lacks understanding of debt crisis

Dubai's ruler says the emirate's economy is "strong" and "solid" amid financial meltdown in the former Arab boomtown. Sheik Mohammed bin Rashid Al Maktoum told. The Al Arabiya TV channel that the world did not understan [...]

Posted On : Dec, 01 2009 | Comments : 0

Worlds Central Banks Signal End to Policy Largesse

The world’s biggest central banks are starting to unwind emergency measures introduced earlier this year to stave off a second Great Depression. The euro rose after European Central Bank President Jean- Claude Trichet yesterday said [...]

Posted On : Nov, 06 2009 | Comments : 0

World stocks end lower as dollar rebounds, commodities fall

A rebounding US dollar and lower commodity prices sent stocks on Wall Street down at the end of the week, clawing back most of the previous session’s gains. All major indexes finished in the red despite starting the week at record hig [...]

Posted On : Oct, 24 2009 | Comments : 0