LONDON, (APP/AFP) – European stock markets weakened at the start of trading Thursday, with London’s benchmark FTSE 100 index losing 0.5 percent at 6,172.81 points. Frankfurt’s DAX 30 index also fell about 0.5 percent to 9,997.94 and the Paris CAC 40 shed 0.6 percent to 4,416.84 points compared with Wednesday’s close.
Business News
European stock markets slip at open
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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 Al Dasma D. HSD Wilhelmsen 30/03/16 OP-II Flagship Willow D. Petrol GAC 29/03/16 OP-III Gema D. Petrol Alpine 30/03/16 ALONG SIDE (East Wharves): 1 DL Aster D.Ethanol […]
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NBP Exchange Rates
KARACHI, APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.80 104.60 104.39 U.K. 150.33 150.04 149.74 EURO 118.58 118.35 118.11 CANADA 80.65 80.49 80.28 SWITZERLAND 108.49 108.28 108.00 AUSTRALIA 79.88 79.73 79.52 SWEDEN 12.78 12.76 12.72 […]
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Pakistan economic outlook positive but challenges remain:ADB
ISLAMABAD, (APP): Pakistan’s economy will continue to pick up in fiscal year (FY) 2016 as reform and stabilization measures provide a lift, with higher foreign exchange reserves, and softer inflation and oil prices also supporting the overall macroeconomic outlook, says the Asian Development Bank (ADB) in its latest flagship annual economic report. The Asian Development […]
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German retail sales down in February: data
FRANKFURT, (APP/AFP) – German retail sales, a closely watched measure of household confidence, declined in February, as consumer morale in Europe’s top economy feels the heat from global economic risks, official data showed on Thursday. Retailers’ sales fell by 0.4 percent in February compared with January, the federal statistics office Destatis said in a statement. […]
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Profits soar at China’s big three airlines
SHANGHAI, (APP/AFP) – China’s three biggest airlines reported soaring net profits in 2015 despite the country’s worst economic growth in a quarter of a century, as more Chinese travelled abroad. Cheaper jet fuel helped the bottom line, but losses from foreign exchange hurt as China’s yuan currency slid against the dollar, they said. “With the […]