Exclusive: Parmalat should cut LAG price by $151 million, report to court says
[Reuters] 19 Jun, 2013
PARMA, Italy (Reuters) - A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lacta ...
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SBP declares profit coupon rate for sukuk
[Business Recorder] 19 Jun, 2013
KARACHI: State Bank of Pakistan (SBP) on Wednesday announced 6th profit coupon rate for 3-year Government of Pakistan Ijara Sukuk GIS-6.The profit rat ...
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Govt endeavours to provide best facilities to people: Ebad
[Business Recorder] 19 Jun, 2013
KARACHI: Sindh Governor, Dr. Ishrat- ul- Ebad Khan, has said that inspite of limited resources the government is endeavouring to provide best faciliti ...
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LHC takes back Airport entry fee
[Business Recorder] 19 Jun, 2013
RAWALPINDI: The Lahore High Court (LHC) Rawalpindi Bench on Wednesday takes back the entry fee being charged from visitors at the Benazir Bhutto Inter ...
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Lahore Stock Exchange up by 26.17 points
[Business Recorder] 19 Jun, 2013
LAHORE: Lahore Stock Exchange on Wednesday witnessed bullish trend by gaining 26.17 points as the LSE-25 Index opened with 4598.63 and closed at 4624. ...
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Switzerland buries U.S. tax law, banks seen at risk
[Reuters] 19 Jun, 2013
BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges ...
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Swiss parliament rejects U.S. tax deal
[Reuters] 19 Jun, 2013
BERNE (Reuters) - The Swiss lower house of parliament dealt a final death blow on Wednesday to a draft law aimed at protecting the country's bank ...
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FedEx posts higher-than expected profit, will cut more capacity
[Reuters] 19 Jun, 2013
(Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-frei ...
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Britain says reckless bankers could face jail
[Reuters] 19 Jun, 2013
LONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions cl ...
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FedEx shares dip on growth concerns
[Reuters] 19 Jun, 2013
(Reuters) - FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about fu ...
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Tesla recalls some Model S cars due to seat-mount defect
[Reuters] 19 Jun, 2013
(Reuters) - Electric car maker Tesla Motors Inc said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a de ...
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Tesla recalls some Model S vehicles due to seat-mount defect
[Reuters] 19 Jun, 2013
(Reuters) - Electric car maker Tesla Motors Inc said it recalled some Model S cars manufactured between May 10 and June 8 due to a defect in the mount ...
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All options being explored to non-stop power supply to industry
[Business Recorder] 19 Jun, 2013
LAHORE: All options are being explored and considered thoroughly for uninterrupted power supply to the industry to give a quantum boost to the industr ...
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Santander says does not need to make new bad debt provisions
[Reuters] 19 Jun, 2013
SANTANDER, Spain (Reuters) - Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognizing bad de ...
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Shares choppy, dollar steady as Fed meets
[Reuters] 19 Jun, 2013
LONDON (Reuters) - European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clar ...
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Melting of snow triggers flood in upper valleys
[Business Recorder] 19 Jun, 2013
HUNZA: Extreme temperature in the upper valleys caused melting of snow triggered floodwater which badly affected several villages here Wednesday.Accor ...
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Karachi police arrest 65 accused in last 24 hours
[Business Recorder] 19 Jun, 2013
KARACHI: The Karachi police in their drive against criminals, arrested 65 accused from different areas of the metropolis during the past 24 hours.A po ...
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Government to enhance defence production export capacity: Tanveer
[Business Recorder] 19 Jun, 2013
ISLAMABAD: Federal Minister for Defence Production Rana Tanveer Hussain has said the country's defence products has gained international recog ...
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