TOKYO, Oct 18, (APP/AFP) – Tokyo stocks opened lower on Tuesday after two days of gains as an uptick in the yen dampened investor sentiment. The benchmark Nikkei 225 index slipped 0.11 percent, or 19.35 points, to 16,880.77 in the first few minutes of trading while the Topix index of all first-section issues was down […]
Business News
Tokyo shares open lower
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Hong Kong stocks up in early trade
HONG KONG, Oct 18, (APP/AFP) – Hong Kong stocks rose in opening trade Tuesday following the previous day’s losses while tepid US data tempered bets on the Federal Reserve hiking interest rates soon. The Hang Seng Index rose 0.69 percent, or 159.60 points, to 23,197.14. But the benchmark Shanghai Composite Index slipped 0.12 percent, or […]
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US stocks retreat ahead of key earnings, ECB
NEW YORK, Oct 17 (APP/AFP): Wall Street stocks retreated Monday ahead of a trove of key earnings reports and a closely-watched policy decision by the European Central Bank. Analysts described investor sentiment as cautious ahead of upcoming results this week from IBM, Microsoft, McDonald’s and others. Also, ECB chief Mario Draghi will be under pressure […]
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Early passage of rent control bill must for smooth trading activities: ICCI
ISLAMABAD, Oct 17 (APP): President, Islamabad Chamber of Commerce and Industry (ICCI), Khalid Iqbal Malik has said that early passage a draft bill of rent control for federal capital should be passed to help traders for smooth trading activities. “A draft bill of a balanced rent control act for Islamabad was prepared in consultation with […]
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Kuwait’s NBK net profit rises 6.5% in Q3
KUWAIT CITY, Oct 17, (APP/AFP) – National Bank of Kuwait, the emirate’s largest lender, said on Monday its third quarter net profit rose 6.5 percent mainly thanks to growing public spending despite low oil revenues. The bank posted a net profit of 68.7 million dinars ($227.5 million) for July to September this year compared to […]
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Panasonic, Tesla consider solar tie-up
TOKYO, Oct 17, (APP/AFP) – Panasonic and US electric car maker Tesla have agreed to start working together on solar energy products, a spokeswoman for the Japanese firm said Monday. The pair have already teamed up on the world’s biggest the lithium-ion battery factory in Nevada, but said they plan to expand their collaboration. “We […]