Business News

KPT Shipping Movements Report

  • KARACHI, (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Wednesday. SHIPS SAILED: Zenovia Lady Han Li Star Pisces Hanjin Louisiana Chang Hang Pu Dream Beality M.T Karachi Thor Integrity Pine 1 HS Chopin SHIPS BERTHED: Batam Trader Container Ship Bofors Tug Osam […]

  • Asia markets cautious as Tokyo’s winning run ends

    HONG KONG (APP/AFP) – Japanese stocks finally fell Wednesday after six straight days of gains, and most other Asian markets moved cautiously following weak leads from New York and Europe and a cut in the IMF’s world growth forecast. The Nikkei in Tokyo had surged more than 10 percent during its rally — fuelled by […]

  • Tokyo stocks snap 6-day rally, Nintendo tumbles

    TOKYO, (APP/AFP): Tokyo shares sank Wednesday, ending a six-day winning streak, with Nintendo plunging on profit-taking after more than doubling this month on the back of the Pokemon Go phenomenon. The videogame giant slumped almost 13 percent to 27,765 yen, just a day after it overtook Sony in market value, while Japanese fans were left […]

  • European stocks climb at open

    LONDON, (APP/AFP) – Europe’s main stock markets rose at the start of trading on Wednesday, with London’s benchmark FTSE 100 index up 0.4 percent at 6,725.88 points. In the eurozone, Frankfurt’s DAX 30 added 0.7 percent to 10,054.54 points and the Paris CAC 40 won almost 0.6 percent to 4,354.57 compared with the close on […]

  • Tokyo stocks close lower after six-day rally

    TOKYO, Japan, (APP/AFP) – Tokyo shares closed lower Wednesday to snap a six-day winning streak, while Nintendo’s Pokemon Go-inspired rally fizzled just as the hugely popular smartphone game prepares to launch in Japan. The benchmark Nikkei 225 index dipped 0.25 percent, or 41.42 points, to close at 16,681.89, while the broader Topix index of all […]

  • Dollar rises as US data fuel talk of rate hike

    TOKYO, (APP/AFP) – The dollar broadly rose Wednesday as another positive round of US data fanned speculation the Federal Reserve will lift interest rates, while central banks elsewhere consider stimulus measures to kickstart growth. A decision by the International Monetary Fund to cut its global growth projections for this year and next also lifted the […]