Business News

Shanghai stocks open down 2.84% after holiday

  • SHANGHAI, (APP/AFP): Shanghai stocks slumped 2.84 percent at the open on Monday, playing catch-up to losses on global markets last week after a long holiday for the traditional Lunar New Year. The benchmark Shanghai Composite Index slid 78.53 points to 2,684.96. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slumped 3.25 percent, […]

  • NBP Exchange Rates

    KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.30 104.10 103.89 U.K. 151.51 151.22 150.90 EURO 116.99 116.76 116.52 CANADA 75.55 75.40 75.21 SWITZERLAND 106.47 106.26 105.98 AUSTRALIA 74.64 74.49 74.30 SWEDEN 12.38 12.36 12.33 […]

  • Tokyo stocks skyrocket over 6% in afternoon trade

    TOKYO, (APP/AFP) – Tokyo stocks surged more than six percent Monday, rebounding after huge losses last week as a weaker yen and bargain hunting drove the market, with investors shrugging off a contraction in Japan’s economy. The benchmark Nikkei 225 index at the Tokyo Stock Exchange soared 6.70 percent, or 1,001.95 points, to 15,954.56 in […]

  • Foreign Currency Account Scheme

    KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Assocaition of Pakistan issued the following Base Rate, here on Monday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 15-02-16 For 3 months and over but less than 6 months […]

  • Hong Kong stocks end morning higher, Shanghai slips

    HONG KONG, (APP/AFP): Hong Kong stocks rallied in the morning session Monday after last week’s sell-off, while Shanghai retreated on its first day back after the Lunar New Year following another round of weak Chinese trade data. The Hang Seng Index added 2.73 percent, or 500.01 points, to 18,819.59 by the break. But in Shanghai […]

  • Tokyo stocks skyrocket more than 5% by lunch break

    TOKYO, Feb 15 (APP/AFP): Tokyo stocks surged more than five percent Monday morning as a drop in the yen boosted exporters with investors shrugging off a contraction in Japan’s economy during the final quarter of 2015. The benchmark Nikkei 225 index at the Tokyo Stock Exchange soared 5.12 percent, or 765.81 points, to 15,718.42 by […]