LONDON, (APP/AFP): Europe’s main stock markets steadied at the start of trade on Tuesday, as London returned from a long holiday weekend. The British capital’s benchmark FTSE 100 index nudged 0.1 percent lower to 6,830.16 points compared with Friday’s close. In the eurozone, Frankfurt’s DAX 30 rose 0.4 percent to 10,588.71 points and the Paris […]
Business News
European stocks stable at open
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Oil falls on bullish Fed talk and rising dollar
NEW YORK, Aug 29, (APP/AFP) – Oil prices fell on Monday as the dollar rose following relatively bullish talk from the US Federal Reserve. In an address on Friday, US Fed Chair Janet Yellen said there was growing justification for a near-term interest rate hike. Hopes of an agreement to curtail production when producing countries […]
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WAPDA signs contract for up gradation of 6 generating units of Mangla Power House
MIRPUR, Aug 29 (APP): The Pakistan Water and Power Development Authority (WAPDA) on Monday signed a contract worth Rs.10.81 billion with Alstom Hydro France for refurbishment and up-gradation of 6 power generating units installed at Mangla Hydel Power Station, it was officially declared. The contract signing ceremony was held here at WAPDA House on Monday. […]
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Tokyo stocks surge after Yellen speech weakens yen
TOKYO, Aug 29, (APP/AFP) – Tokyo stocks snapped a two-day losing streak Monday, rallying after Federal Reserve chief Janet Yellen hinted that US interest rates could rise before the end of the year, sending the yen lower and boosting exporters. Sony, Toyota and Nissan were among the gainers as traders cheered her view that the […]
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Spot rates of cotton (Crop 2016-2017)
KARACHI, Aug 29 (APP): Karachi Cotton Association (KCA) on Monday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,650 135 6,785 Equivalent 40 kgs 7,127 […]
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Kerb currency market
KARACHI, Aug 29 (APP): Following were the Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.80 104.85 U.S $ (Cash Free Market) 106.00 106.20 SAUDIA RIYAL 28.10 28.30 UAE DIRHAM 28.70 28.95 EURO 118.00 119.00 […]