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LONDON: European stock markets slumped in early trading on Thursday, with most indices losing more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's benchmark FTSE 100 index retreated 1.74 percent to 6,720.88 points, Frankfurt's DAX 30 slumped 2.33 percent to 8,332.05 points and in Paris the CAC 40 shed 2.20 percent to 3,961.97.The Madrid market gave up 2.11 percent, Milan slid 2.65 percent and Stockholm dived 2.33 percent.European markets were pulling back sharply after recent record and multi-year highs for some indices on the back of improving world economic data despite ongoing eurozone strains and some still weak numbers out of the United States and China.Tokyo's main index ended down more than seven percent on Thursday as investors took profits also after strong recent gains.Other Asian indices slumped, with markets taking ...
ISLAMABAD: Food exports from the country increased by 12.27 percent to $3.953 billion during the first ten months of the current fiscal year as against the same period of last year.In April 2013, the food exports increased by 20.33 percent on year-on-year basis and by 0.96 percent on month-on-month basis, according to the latest data of Pakistan Bureau of Statistics (PBS).The overall food exports during July-April (2012-13) were recorded at $3.953365 billion against the exports ...
KARACHI: On Thursday, until mid day, KSE-100 Index was at 21415.62 with a negative change of 43.28 and volume of 190,238,790 shares.High and Low were 21621.85and 21306.85 respectively. Total volume traded in the market was 317,682,350 shares with 310 total traded companies out of which 109 were up, 185 were down and 16 were unchanged.Construction and Materials (Cement) was the top traded sector with total traded volume of 91,703,600 shares. It was followed by Chemicals ...
PARIS: IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle between the state and high-profile businessman Bernard Tapie.Under French law, that step would ...
TOKYO: The yen gained across the board on Thursday, bouncing sharply off a 4-1/2-year low against the dollar and notching up a two-week high against the euro after a whiplash move in stocks prompted investors to scramble for safety in Japanese bonds.The yen was squeezed 1.5 percent up to 101.62 yen after investors took weak Chinese factory data as an excuse to topple the Nikkei from a 5-1/2-year high, sending it plummeting 7.3 percent and ...
ISLAMABADServices chiefs of Pakistan's armed forces met Chinese Premier Li Keqiang here on Thursday morning.Chairman of Joint Chiefs of Staff Committee (CJCSC) General Khalid Shameem Wynne, Chief of Army Staff (COAS) General Ashfaq Parvez Kayani, Chief of Naval Staff, Admiral Muhammad Asif Sandila and Chief of Air Staff, Pakistan Air Force (PAF) Air Chief Marshal Tahir Rafiq Butt exchanged views with Chinese premier on defence cooperation and other matters of mutual interest.Copyright APP (Associated Press ...More Articles...
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