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Showing posts with the label Business News

Most Asian markets down as oil slump hits energy firms

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Representational image. Photo: FileEnergy firms led a sell-off in most Asian equity markets on Tuesday a day after supply fears sent oil prices plunging, while confidence remains fragile owing to ongoing fears of a global trade war.After hitting... from GEO TV - Business https://ift.tt/2mmn7q7

Oil recovers in Asia trade after slumping to 3-month lows

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The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 16, 2018. Photo: Reuters   SINGAPORE: Brent crude recovered in Asian trade Tuesday after plunging more than four per cent to three-month lows on... from GEO TV - Business https://ift.tt/2Juw1uQ

FBR says disappointed at low response to tax amnesty scheme

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[embed_video1 url=https://ift.tt/2Loi1Vb... from GEO TV - Business https://ift.tt/2LmC8De

FBR obtains information about Pakistanis' immovable properties in UK

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FBR obtains information regarding immovable properties owned by Pakistanis in UK/ file photoISLAMABAD: Under a newly-signed agreement, Pakistan will have access to the information about its nationals’ assets abroad, it emerged on Monday. The... from GEO TV - Business https://ift.tt/2NhEbcm

Dollar shoots to record high of Rs127.50 in interbank market

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[embed_video1 url=https://ift.tt/2mie8Gi... from GEO TV - Business https://ift.tt/2zJoSXS

US oil boom delivers surprise for traders — and it's costly

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Photo: File LONDON/NEW YORK: The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of US light crude to benchmark Brent in just a month, as surging US production upends the market.Trading desks... from GEO TV - Business https://ift.tt/2zGbRhU

Dollar closes at Rs121.39 in interbank market

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The interbank market witnessed a sharp increase in the US dollar rate taking it to record high Rs122 on Thursday, according to Forex Association of Pakistan. Photo: fileKARACHI: The rate of dollar closed on Rs121.39 in interbank foreign exchange... from GEO TV - Business https://ift.tt/2JPtcZr

Taxes collected on prepaid mobile phone cards suspended

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Photo; File KARACHI: Tax authorities have suspended all taxes collected on prepaid scratch cards following the directives of Supreme Court.Following the suspension, no tax would be cut when a prepaid scratch card is recharged from midnight on... from GEO TV - Business https://ift.tt/2sUaDcO

Dollar soars to Rs122 in interbank market

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The interbank market witnessed a sharp increase in the US dollar rate taking it to record high Rs122 on Thursday, according to Forex Association of Pakistan. Photo: fileThe interbank market witnessed a sharp increase in the US dollar rate taking it... from GEO TV - Business https://ift.tt/2JP4dpj

Toyota investing $1 billion in Asian ride-share firm Grab

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Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the "mobility" sector. Photo: fileTOKYO: Toyota said Wednesday it was investing $1 billion in... from GEO TV - Business https://ift.tt/2HJOtPc

Caretaker govt hikes fuel prices; petrol goes up by Rs4.26 per litre

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Photo: FileISLAMABAD: The caretaker government revised prices of petroleum products on Sunday increasing the price of petrol by Rs4.26 per litre with effect from tomorrow (Tuesday).The revised price of petrol would be Rs91.96 per litre.The price of... from GEO TV - Business https://ift.tt/2sP8D5T

New rupee devaluation shows economic risk before election

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A currency trader counts Pakistani Rupee notes as he prepares an exchange of USdollars in Islamabad, Pakistan, December 11, 2017. Photo: Reuters KARACHI/ISLAMABAD: The Pakistani rupee slumped 3.8 percent against the dollar on Monday before... from GEO TV - Business https://ift.tt/2JsoAZY

McDonald's plans fresh round of layoffs: WSJ

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McDonald’s Corp is planning a new round of layoffs to further shrink its corporate structure, the Wall Street Journal reported on Thursday citing an email the company sent to all its US employees, suppliers and franchisees.McDonald’s USA... from GEO TV - Business https://ift.tt/2JsPddq

Exclusive: Philip Morris plans to target Indian smokers with iQOS device - sources

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NEW DELHI: Philip Morris International Inc (PM.N) is planning to launch its iQOS smoking device in India, four sources familiar with the matter told Reuters, as the tobacco giant seeks a foothold in a country with the world’s second-biggest... from GEO TV - Business https://ift.tt/2JhT0hE

Volatility may hit Wall Street as Alphabet, Facebook leave tech sector group

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Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, US-Photo: FileSAN FRANCISCO/NEW YORK: Volatility could well be in the cards for Wall Street again early this fall, but not for the same... from GEO TV - Business https://ift.tt/2M3R9uz

PSX records 434 points gain fueled by new finance minister’s appointment

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KARACHI: The Pakistan Stock Exchange exhibited bullish trend on Tuesday with the benchmark KSE-100 index gaining 434 points to close at 43,703.As per financial analyst Mohammad Sohail, the gains in the market were fueled by the appointment of... from GEO TV - Business https://ift.tt/2JfTcK5