NZ dollar climbs over 68 US cents in light holiday trading
WELLINGTON: The New Zealand dollar climbed above 68 US cents in light holiday trading after weaker-than-expected US data sapped demand...
National Tyres Services records 10% decline in revenue
HARARE: National Tyres Services Limited (NTS) recorded a 10 percent decline in its revenue to $6,7 million for the half...
Korea central bank 2015 GDP growth 2.7%
SEOUL: South Korea's central bank said the fiscal health of the country's household sector has worsened slightly as debt growth...
Russia offers to ban import of 70-80% of industrial goods from Turkey
MOSCOW: Russia’s Ministry of Industry and Trade has proposed to ban import of 70-80% of light industrial goods from Turkey,...
1,000MW to be produced thru wind corridor by 2018
ISLAMABAD: Pakistan will be producing about 1,000-megawatt electricity through wind corridor by 2018 as more investors are showing interest in...
KPT shipping movement report
KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on...
Qatar National Bank to acquire Finansbank for $2.95b
DOHA: Qatar National Bank Tuesday agreed to buy a Turkish subsidiary of the National Bank of Greece for $2.95 billion...
FBR collected Rs1,209b till 21st with 30% growth
ISLAMABAD: Federal Board of Revenue (FBR) collected Rs1,209 billion revenues up to December 21 from the start of current fiscal...
EU imports of tropical plywood down 2% in first 9 months of 2015
BERLIN: The EU imported 302,828cu.m of tropical plywood in the first nine months of 2015, 2% less than the same...
Ongoing development project will help improve country’s economy: Minister
ISLAMABAD: Minister of State for Communication Abdul Hakeem Baloch Tuesday said that several development projects are underway, which will improve...
World Bank okays $35m loan to address energy, water, climate issues
ISLAMABAD: The World Bank has approved an additional $35 million loan for Pakistan to improve management, planning and development of...
SpaceX blasts off Falcon 9 rocket in landmark recycle bid
MIAMI: SpaceX has launched its Falcon 9 rocket carrying satellites to orbit before attempting a historic bid to land the...
Kenya economy to rise at 6% in 2016
NAIROBI: Kenya's economy will accelerate slightly in 2016, driven by loose fiscal policy, infrastructure projects and robust private consumption, according...
LNG to help end energy crisis: Khaqan
ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the import of liquefied natural gas...
Australian shares edge up 0.1% in energy, industrials
SYDNEY: Australian shares, which have risen the past four days, were up again early Tuesday, helped by gains in energy...
BMW fined $40m for recall violations in US
NEW YORK: The US auto safety regulators has imposed $40 million fine on German auto giant BMW for not conducting...
S.Korea crude oil import from Iran drops 28.8% in Nov
SEOUL: South Korea's crude oil imports from Iran fell 28.8 percent in November from a year earlier,while its total crude...
Australia approves expansion of open coal port at Abbot Point
CANBERRA: Australia has approved the expansion of an existing coal port at Abbot Point near Bowen in north Queensland. The...
Garment exports to US increase 11.7%
HANOI: Total exports of textiles and garments from Viet Nam to the US gained a year-on-year increase of 11.7 per...
Shipping intelligence report of Karachi Port
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...
