Business News

Paris telecom stocks dive as Orange hangs up on buying rival

  • PARIS, (APP/AFP) – Stocks in French telecoms companies fell sharply on Monday after market leader Orange said talks to purchase the rival network owned by industrial group Bouygues had failed. The company said that “after in-depth discussions, the Board of Directors of Orange has concluded that an agreement regarding a possible consolidation with Bouygues Telecom […]

  • 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 Monday. ALONG SIDE (Bulk Oil Pier): OP-I Oriental Green D. Petrol Alpine 02/04/16 OP-II Sc Dalian L. Ethanol Alpine 03/04/16 Op-III Shalamar D. Crude Oil PNSC 03/04/16 ALONG SIDE (East Wharves): 1/2 Neptune Pioneer […]

  • European equities steady at open

    LONDON, (APP/AFP) – Europe’s main stock markets opened steady on Monday after mostly sliding during the previous session. London’s benchmark FTSE 100 index edged up 0.1 percent to 6,150.55 points compared with Friday’s close. In the eurozone, Frankfurt’s DAX 30 index dipped 0.1 percent to 9,789.77 points and the Paris CAC 40 slipped 0.3 percent […]

  • Oil down as Saudi comments cast doubt on output freeze

    SINGAPORE, (APP/AFP) – Crude prices extended losses in Asia Monday after comments by Saudi Arabia cast doubt whether key producers meeting would reach an agreement to freeze output to address a global supply glut. Hopes for a deal at the April 17 gathering in Doha led by Russia and Saudi Arabia had been a major […]

  • Kerb currency market

    KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.73 104.78 U.S $ (Cash Free Market) 105.40 105.60 SAUDIA RIYAL 27.95 28.15 UAE DIRHAM 28.65 28.85 EURO 119.20 120.20 UK POUND […]

  • 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 Friday. SHIPS SAILED: Batam Trader Cont Yangtze Ambition S.B.Meal Bay Pearl Tanker Osaka Tower Cont HTC Bravo G.C DL Aster Tanker SHIPS BERTHED: Stellar Maestro General Cargo Mol Dedication Container Ship Hyundai general […]