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  • Stocks rise on solid economic data, earnings

    January 15, 2014 10:00 PM 14

    [NEW YORK] US stocks Wednesday closed decisively higher following a batch of mostly solid economic and corporate earnings reports, and an upbeat Federal Reserve report. At the closing bell, the Dow Jones Industrial Average rose 109.36 points (0.67 per cent) to 16,483.22. The broad-based S&P 500 added 9.54 (0.52 per cent) at 1,848.42, while the tech-rich

  • US stocks rise on solid economic data, earnings

    January 15, 2014 9:28 PM 12

    US stocks on Wednesday closed decisively higher following a batch of mostly solid economic and corporate earnings reports, and an upbeat Federal Reserve report. NEW YORK: US stocks on Wednesday closed decisively higher following a batch of mostly solid economic and corporate earnings reports, and an upbeat Federal Reserve report. The Dow Jones Industrial

  • Agriculture: Denmark-Pakistan to increase cooperation

    January 15, 2014 9:01 PM 11

    Danish agricu­lture compan­ies are intere­sted in showca­sing their agricu­ltural produc­ts in Pakist­an, said Sorens­on. Federal Minister for National Food Security and Research (MNFSR) Sikandar Hayat Khan Bosan has said that the mutually beneficial areas of cooperation in the agricultural sector can be explored to further enhance coordination between

  • PIA to use wet leased planes till July

    January 15, 2014 9:01 PM 10

    Offici­als decide to wait for the arriva­l of new Airbus 320s. KARACHI: Pakistan International Airlines (PIA) has decided to keep the wet leased aircraft till July 2014, when it expects to receive delivery of the Airbus 320s, the airline said on Wednesday. “After healthy results of December and confirming orders for three newer A320s, PIA unveils a three-pronged

  • ICE Canada canola edges higher

    January 15, 2014 8:14 PM 14

    WINNIPEG: ICE Canada canola futures edged higher on Wednesday, bouncing slightly after setting the latest of a series of contract lows, in a modest correction. March canola has finished lower in five of the last six sessions, weighed down by large Canadian supplies. Support seen around $420. Hot weather in Argentina that may stress its soybean crop underpinned

  • Enhancing ties: German ambassador stresses bilateral relations

    January 15, 2014 8:09 PM 18

    Offers helpin­g hand to enhanc­e trade with Pakist­an. RAWALPINDI: Germany has offered to extend cooperation in vital sectors of the economy such as the energy, education and vocational sector, in an effort to help Pakistan progress in these fields. “We can assist Pakistan in energy, education and vocational training,” said German Ambassador to Pakistan

  • India seeks gold purchase information

    January 15, 2014 6:09 PM 13

    MUMBAI: India has asked jewellers to provide information on purchases of gold bars or jewellery worth more than 500,000 rupees ($8,100) by the end of this month, a move seen keeping a check on big transactions amid rising smuggling. India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping

  • President hopeful about a smooth transition towards Islamic Banking system in the country

    January 15, 2014 5:14 PM 27

    KARACHI: President Mamnoon Hussain on Wednesday inaugurated the Round Table Conference on Islamic Banking - Potential of Pakistan with every hope that efforts being currently made for transition towards Islamic Banking system in the country would be smooth. In his inaugural speech he expressed his satisfaction that the present government is making serious

  • Finance Minister decides to appoint another Deputy Governor in SBP

    January 15, 2014 3:04 PM 12

    ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar has decided to appoint another Deputy Governor in the State Bank of Pakistan (SBP) to look after Islamic Banking as well as the banking sector in the country. The spokesman of the Ministry of Finance in a statement here Wednesday said the new Deputy Governor will, in addition to his own duties

  • European stocks climb at open; London adds 0.24pc

    January 15, 2014 1:40 PM 16

    LONDON: European stock markets rose at the start of trading on Wednesday, with London's benchmark FTSE 100 index up 0.24 percent to 6,782.88 points. Frankfurt's DAX 30 advanced 0.52 percent to 9,590.57 points and in Paris the CAC 40 increased by 0.33 percent to 4,288.35 compared with Tuesday's close. Asia's equity markets mostly rose on Wednesday after