Business News

Hong Kong shares close down after Fed meeting

  • HONG KONG, (APP/AFP) – Hong Kong stocks finished lower Thursday, along with most other Asian markets, after the Federal Reserve left on the table the option of an interest rate cut before the end of the year. The Hang Seng Index slipped 0.20 percent, or 44.65 points, to end at 22,174.34. The benchmark Shanghai Composite […]

  • KPT shipping intelligence report

    KARACHI, (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier): OP-I Navig8 D. Petrol Alpine 25/07/16 OP-II Uacc Harmony D. Petrol Alpine 27/07/16 OP-III Athina D. Petrol Trans Maritime 26/07/16 ALONG SIDE (East Wharves): 2/3 Ananya Naree D. […]

  • British bank Lloyds says axes another 3,000 jobs

    LONDON, (APP/AFP) – British bank Lloyds will axe 3,000 jobs by the end of 2017, it said Thursday, and partly blamed low interest rates before an expected Bank of England reduction next week. The company said in a results statement that it will extend its restructuring plans with the closure of 200 branches and the […]

  • Tokyo shares fall with BoJ meeting in focus

    TOKYO, (APP/AFP) – Tokyo shares fell Thursday as a Bank of Japan policy meeting got under way, with markets waiting to see if policymakers unleash a fresh round of stimulus to kickstart sluggish growth. The benchmark Nikkei 225 index fell 1.13 percent, or 187.98 points, to close at 16,476.84, having surged on Wednesday after the […]

  • Foreign Currency Account Scheme

    KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Thursday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 28-07-16 For 3 months and over but less than 6 months […]

  • Foreign exchange rates

    KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 1.0732 28.07.16 CONVERSION RATES FOR 28TH JULY 2016 FOR […]