SHANGHAI, Oct 21, (APP/AFP) – Shanghai stocks closed slightly higher on Friday, helped by buying of infrastructure-related shares, dealers said. The benchmark Shanghai Composite Index rose 0.21 percent, or 6.48 points, to 3,090.94 on turnover of 202.0 billion yuan ($29.9 billion). It gained 0.89 percent for the week. But the Shenzhen Composite Index, which tracks […]
Business News
Shanghai stocks close higher
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American Express shares surge as it lifts profit forecast
NEW YORK, Oct 20, (APP/AFP) – American Express shares shot up 10 percent Thursday after the credit card giant boosted its full-year profit forecast above estimates, a positive sign after recent setbacks. The company, which is facing tougher competition after losing multiyear partnerships with Costco Wholesale and Fidelity Investment, cited underlying revenue growth in the […]
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Dar reviews arrangements for CAREC Conference, visits of IMF, ADB officials
ISLAMABAD, Oct 20 (APP): Finance Minister, Senator Mohammad Ishaq Dar on Thursday reviewed arrangements for international events planned for the next week including 15th Ministerial Conference of Central Asian Regional Economic Cooperation (CAREC) and visits of senior officials of International Monetary Fund (IMF) and Asian Development Bank (ADB). The officials of the Ministry of Finance […]
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ExxonMobil to sell stake in Nigerian arm to local firm
LAGOS, Oct 20 (APP/AFP): US oil group ExxonMobil has agreed to sell its majority stake in its Nigerian marketing and retail arm to a local firm, the Nigerian affiliate said Thursday. Mobil Oil Nigeria (MON), one of three affiliates of ExxonMobil in the oil-rich country, informed the stock exchange of the move. Financial details of […]
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Garment exports increase by 3.76% in two-months
ISLAMABAD, Oct 20 (APP): Exports of ready made garments from the country during first two-months of current financial year registered an increase of 3.76 percent as compared to the exports of the corresponding period of last financial year. During the period from July-August, 2016, about 5,109 thousand dozen ready made garments worth US$ 364.072 million […]
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Hong Kong stocks rise at open
HONG KONG, Oct 20, (APP/AFP) – Hong Kong stocks rose in opening exchanges Thursday, tracking gains in New York, with energy firms lifted by a rally in oil prices. The Hang Seng Index in Hong Kong added 0.46 percent, or 107.71 points to \23,412.68. The benchmark Shanghai Composite Index was flat, edging up 0.19 points […]