TOKYO, Oct 19, (APP/AFP) – Tokyo shares rose Wednesday morning as solid Chinese GDP data boosted hopes for the powerhouse economy, while electronics firm Sharp soared as it said it expects a big recovery in its business. The benchmark Nikkei 225 index, which opened slightly lower on a firm yen, gained 0.14 percent, or 23.55 […]
Business News
Tokyo shares up by break after China GDP figures
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Hong Kong, Shanghai stocks end sharply higher
HONG KONG, Oct 18, (APP/AFP) – Shares in Hong Kong and Shanghai rallied Tuesday in line with gains across Asia, as tepid US data and comments from a top Federal Reserve official eased concern about the pace of expected US interest rate rises. The Hang Seng Index in Hong Kong added 1.55 percent, or 356.85 […]
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Overall branchless banking reaches Rs. 486 bln in three months
ISLAMABAD, Oct 18 (APP): Pakistan has made giant strides in development of digital financial inclusion and knowledge economyas total volume of branchless banking reached over Rs. 486 billionduring October to December last year. The number of branchless banking transactions also surpassedRs. 101.6 billion during the same period. A latest report of Pakistan Telecommunication Authority (PTA)mentioning […]
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Ryanair cuts full-year profit forecast on pound slide
DUBLIN, Oct 18, (APP/AFP): Irish no-frills airline Ryanair cut Tuesday its full-year net profit forecast by five percent owing to the pound’s slump since Britain voted in June to exit the EU. “The primary cause of this slightly lower growth in full year profitability is the 18 percent fall of sterling post Brexit which will […]
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Global stocks stumble ahead of earnings, ECB
NEW YORK, Oct 18 (APP/AFP): Global stocks mostly retreated Monday as investors girded for a trove of earnings reports from US and European companies and a European Central Bank monetary policy meeting. Caution was the rule with bourses falling in New York, Europe and most of Asia. Besides uncertainty about earnings and the ECB, analysts […]
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Asian markets climb, dollar dips after US figures
HONG KONG, Oct 18, (APP/AFP) – Asian markets climbed Tuesday, while the dollar struggled to recover from losses against its main peers following mixed readings on the US economy. The gains came despite a negative lead from New York and Europe, where traders are awaiting key events this week, including Chinese growth data, the last […]