Business News

Foreign exchange rates

  • KARACHI, (MILLAT ONLINE/APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. 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 1.4032 18.04.17 CONVERSION RATES FOR 17TH APRIL 2017 […]

  • Tokyo stocks down at break on North Korea jitters

    TOKYO, (MILLAT ONLINE/APP/AFP) – Tokyo stocks fell Monday morning, extending four days of losses as growing tensions on the Korean peninsula stoked demand for the safe-haven yen. The benchmark Nikkei 225 index, which closed at a 2017 low on Friday, lost another 0.31 percent, or 57.45 points, to sit at 18,278.18 by the lunch break. […]

  • China’s economy grows 6.9% in first quarter of 2017: gov’t

    BEIJING, (MILLAT ONLINE/APP/AFP) – China’s economy grew 6.9 percent in the first quarter of 2017, government data showed Monday, a sign of stabilisation in the world’s second-largest economy. “The national economy in the first quarter has maintained the momentum of steady and sound development,” the National Bureau of Statistics said in a statement. It added […]

  • Tokyo shares open lower after US strike on Afghanistan

    TOKYO, (MILLAT ONLINE/APP/AFP) – Tokyo shares opened lower Friday on rising geopolitical fears after the US military dropped a massive bomb in Afghanistan, adding to global tensions over the Middle East and the Korean peninsula. The weak start followed overnight losses on Wall Street, where investors sold shares to reduce risks, as the Pentagon announced […]

  • Apple eyes backing Hon Hai bid for Toshiba chip unit: report

    TOKYO, (MILLAT ONLINE/APP/AFP) – Tech giant Apple is considering backing Hon Hai’s multi-billion dollar bid for Toshiba’s lucrative memory chip business, a report said Saturday. The US firm plans to financially support Taiwan’s Hon Hai, which has reportedly bid some 3 trillion yen ($27.6 billion) in the initial tendering round for the memory chip business, […]

  • Squash: El Sherbini eases to second successive world title

    EL-GOUNA, Egypt, (MILLAT ONLINE/APP/AFP) – Egypt’s Nour El Sherbini defeated compatriot Raneem El Welily 11-8, 11-9, 11-9 to retain her world squash title Friday against the spectacular backdrop of the Red Sea. Top seed El Sherbini, 21, who became the youngest world champion in history when she beat Laura Massaro in the 2016 final, needed […]