Business News

Tokyo stocks open up despite weak Wall St lead

  • TOKYO, Feb 10, (APP/AFP): Tokyo stocks opened cautiously higher Wednesday, despite a weak lead from financial markets in Europe and on Wall Street following another drop in crude prices. The benchmark Nikkei 225 index at the Tokyo Stock Exchange gained 0.26 percent, or 42.42 points, to 16,127.86 in opening deals, holding ground following a whopping […]

  • US crude rebounds in Asia but supply glut worries weigh

    SINGAPORE, Feb 10, (APP/AFP): Oil prices rebounded on bargain-buying in Asia Wednesday after the previous day’s plunge but analysts warned any gains would be limited as the global glut that has hammered markets showed no sign of letting up. Investors are also nervously awaiting the release later in the day of a report on US […]

  • Foreign Currency Account Scheme

    KARACHI, Feb 10 (APP): The Foreign Exchange Rates Committee of Financial Markets Assocaition of Pakistan issued the following Base Rate, here on Wednesday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 10-02-16 For 3 months and over but less than […]

  • Foreign exchange rates

    KARACHI, Feb 10 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. 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 0.8706 10.02.16 CONVERSION RATES FOR FEB 10TH […]

  • Asian stocks extend global rout as traders flee to safety

    TOKYO, (APP/AFP) – Asian stocks plunged the board Tuesday, the dollar dived against the yen, gold jumped and yields on Japanese government bonds fell to zero as fears about the global economy sent investors scrambling to safety. While most the the region is closed for the Chinese New Year holiday, trading remained thin but dealers […]

  • Tokyo stocks slump more than 5% in afternoon trade

    TOKYO, (APP/AFP): Tokyo shares tumbled more than five percent Tuesday, extending a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown. The benchmark Nikkei 225 index slipped back into bear territory, down more than 20 percent from June highs, as it dived 5.45 […]