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Archive - 2011-10-19
US stocks sag on opening
Financial

US stocks sag on opening

NEW YORK : US stocks opened lower Wednesday after the previous day's jump on reports of strong progress by France and
Published 19 Oct, 2011 02:50pm
LSE sheds 65.87 points
Markets

LSE sheds 65.87 points

LAHORE : Lahore Stock Exchange shed 65.87 points on Wednesday as LSE-25 index opened with 3255.38 and closed at 3189.5
Published 19 Oct, 2011 02:35pm
ISE-10 stays bearish
Markets

ISE-10 stays bearish

ISLAMABAD : Islamabad Stock Exchange (ISE-10) on Wednesday witnessed bearish trend, the index closed at 2487.36 after
Published 19 Oct, 2011 02:30pm
Peace Conference in Quetta soon: Malik
Top News

Peace Conference in Quetta soon: Malik

QUETTA: Interior Minster Rehman Malik has said the government had been going to call in a peace conference of local and
Published 19 Oct, 2011 09:25am
Yaseen Anwar appointed as SBP governor
Top News

Yaseen Anwar appointed as SBP governor

KARACHI/ISLAMABAD: Acting State Bank of Pakistan (SBP) governor, who approved what analysts say were highly risky intere
Published 19 Oct, 2011 07:47am
PM offers SOEs to private sector
Top News

PM offers SOEs to private sector

ZAHEER ABBASI & ASMA RAZZAQ ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has called upon country's private secto
Published 19 Oct, 2011 07:34am
Bomb kills five Afghan soldiers
Asia

Bomb kills five Afghan soldiers

HEART: Five Afghan soldiers were killed in a Taliban-style bomb attack in the western province of Herat on Wednesday, a
Published 19 Oct, 2011 07:26am
Spot gold turns neutral
Commodities

Spot gold turns neutral

SINGAPORE: Spot gold has turned neutral as the sharp rise from $1,626.34 per ounce on Tuesday has violated a short-term
Published 19 Oct, 2011 04:57am
PTCL suffers the Ufone drought
BR Research

PTCL suffers the Ufone drought

Holding licenses for all three telecom segments, it is almost unfathomable that PTCL would witness declines in its financial performance. Ye
Published 19 Oct, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury debt prices rose on Monday as Germany poured cold water on hopes of a quick solution to the European debt crisis, driving investors back into safe-haven assets. US 30-year Treasuries jumped more than 2 points in price as key US stock indexes c
Published 19 Oct, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended down 1.36 percent on Tuesday, joining regional bourses amid concerns over the eurozone, with smartphone maker HTC shedding 4.72 percent after a US trade commission preliminary ruling against it in a patent infringement suit with Apple
Published 19 Oct, 2011 12:00am
US stocks suffer worst loss in two weeks

US stocks suffer worst loss in two weeks

US stocks suffered their worst loss in two weeks on Monday after comments from Germany's finance minister caused investors to fear Europe's solution to its debt crisis may not come fast enough. The S&P index had risen for two straight weeks for the first
Published 19 Oct, 2011 12:00am
Tuesday's early afternoon trade: Wall Street rises

Tuesday's early afternoon trade: Wall Street rises

US stocks rose on Tuesday as bank earnings, though unspectacular, were strong enough to reassure investors about the sector and overshadow debt worries and signs of slowing growth elsewhere in the globe. The three major indexes spent the early part of the
Published 19 Oct, 2011 12:00am
Indian shares drop

Indian shares drop

Indian shares fell 1.6 percent to their lowest close in two weeks on Tuesday, with export-driven Tata Consultancy Services sliding the most in more than two years over uncertain global economic outlook. Concerns foreign funds could pull out more from Indi
Published 19 Oct, 2011 12:00am
Southeast Asian markets plunge

Southeast Asian markets plunge

Southeast Asian stock markets pulled back on Tuesday as big caps and commodity stocks gave up recent gains on concern about prospects for Europe to contain its debt crisis and a slowdown in Chinese growth. The selling that ended the region's rally of the
Published 19 Oct, 2011 12:00am
Crisis transforming central banks: Bernanke

Crisis transforming central banks: Bernanke

The Great Recession has spelled dramatic changes in the way central banks operate, Federal Reserve chairman Ben Bernanke said on Tuesday, insisting a new focus on financial stability is needed. Presenting one of the clearest expositions yet of the thinkin
Published 19 Oct, 2011 12:00am
Gasoline lifts US producer prices

Gasoline lifts US producer prices

US wholesale prices rose at their fastest pace in five months in September as the cost of gasoline surged, but a small gain in core prices suggested the price pressure was unlikely to be sustained. While the jump in gasoline prices was seen as a blip, det
Published 19 Oct, 2011 12:00am
Foreign US Treasury buying rises despite downgrade

Foreign US Treasury buying rises despite downgrade

Overseas investors quadrupled purchases of US Treasury debt in August, the US Treasury Department said on Tuesday, even as one ratings agency stripped the United States of its AAA credit rating. Most of the net $60.1 billion inflow into the bond market ca
Published 19 Oct, 2011 12:00am
Foreign US Treasury buying rises despite downgrade

Foreign US Treasury buying rises despite downgrade

Overseas investors quadrupled purchases of US Treasury debt in August, the US Treasury Department said on Tuesday, even as one ratings agency stripped the United States of its AAA credit rating. Most of the net $60.1 billion inflow into the bond market ca
Published 19 Oct, 2011 12:00am
US cannot overhaul tax code in two months: Geithner

US cannot overhaul tax code in two months: Geithner

US Treasury Secretary Timothy Geithner said on Tuesday the country's tax code was riddled with special preferences but it was not possible to fix the system before the end of the year. A select group of lawmakers are grappling with how to find at least $1
Published 19 Oct, 2011 12:00am
British inflation soars to three-year high

British inflation soars to three-year high

Britain's annual inflation surged to 5.2 percent in September on soaring energy prices, reaching a three-year high and far above levels in other major European countries, official data showed on Tuesday. Analysts said British inflation may rise even furth
Published 19 Oct, 2011 12:00am
China's growth slows in third quarter

China's growth slows in third quarter

China said Tuesday its economic growth slowed to 9.1 percent in the third quarter as government efforts to tame inflation and turbulence in Europe and the United States curbed activity. Growth in the world's second-largest economy slowed from 9.5 percent
Published 19 Oct, 2011 12:00am
Bank of America posts profit

Bank of America posts profit

Bank of America Corp reported a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell. But the bank's shares rose as some analysts and investors were heartened by higher-tha
Published 19 Oct, 2011 12:00am
Bank of America posts profit

Bank of America posts profit

Bank of America Corp reported a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell. But the bank's shares rose as some analysts and investors were heartened by higher-tha
Published 19 Oct, 2011 12:00am
IBM's third quarter disappoints

IBM's third quarter disappoints

IBM's quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lacklustre corporate IT spending and dragging its stock down more than 3 percent. The company's earnings beat forecasts and it increased
Published 19 Oct, 2011 12:00am
IBM's third quarter disappoints

IBM's third quarter disappoints

IBM's quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lacklustre corporate IT spending and dragging its stock down more than 3 percent. The company's earnings beat forecasts and it increased
Published 19 Oct, 2011 12:00am
French credit review threatens eurozone rescues

French credit review threatens eurozone rescues

Doubt cast on France's triple-A credit rating by Moody's raised uncertainty over Europe's hopes of drawing a line under its sovereign debt crisis, five days before a crucial EU summit. German Chancellor Angela Merkel said Sunday's meeting would be an impo
Published 19 Oct, 2011 12:00am
India, Brazil, South Africa pledge to boost trade

India, Brazil, South Africa pledge to boost trade

Brazil, India and South Africa on Tuesday agreed to push for UN reform, but their summit talks here focused more on trade and worry about the global financial crisis than on diplomatic unity. "We continue to collaborate closely in areas such as the G20, B
Published 19 Oct, 2011 12:00am
EU reaches deal on law to ban naked sovereign CDS

EU reaches deal on law to ban naked sovereign CDS

The European Union has reached a deal on a law to ban "naked" or uncovered credit default swaps (CDS) linked to sovereign debt, a European Commission spokeswoman said on Tuesday. "There is agreement," the spokeswoman said. The deal was reached after a mee
Published 19 Oct, 2011 12:00am
EU reaches deal on law to ban naked sovereign CDS

EU reaches deal on law to ban naked sovereign CDS

The European Union has reached a deal on a law to ban "naked" or uncovered credit default swaps (CDS) linked to sovereign debt, a European Commission spokeswoman said on Tuesday. "There is agreement," the spokeswoman said. The deal was reached after a mee
Published 19 Oct, 2011 12:00am
Gur down sharply in subdued trade on grain market

Gur down sharply in subdued trade on grain market

A few changes were seen on the wholesale grain market on Tuesday as most the buyers kept to the sidelines to see prices come down to their expectations, dealers said. On the cereal side wheat old and new Bardan gained Rs 5 to Rs 2636 and 2650, gur low qua
Published 19 Oct, 2011 12:00am
Oil cake market rates

Oil cake market rates

Both contract were unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1311.00 commenced with no change in the morning session. The January vaida which followed same
Published 19 Oct, 2011 12:00am
India to see robust gold imports in festive quarter

India to see robust gold imports in festive quarter

Gold demand in India, the world's largest bullion buyer, will be strong in the October-December quarter, a traditional time for festivals and weddings, despite high inflation that eats into savings and multiple growth-choking central bank rates hikes.
Published 19 Oct, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,486 tonnes of cargo comprising 75,977 tonnes of import cargo and 27,509 tonnes of export cargo including 3,495 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 75,977 ton
Published 19 Oct, 2011 12:00am
Bangladesh tea prices ease for sixth week

Bangladesh tea prices ease for sixth week

Tea prices in Bangladesh eased for the sixth successive weekly auction on Tuesday as demand from buyers was subdued amid plentiful supply, brokers said. The average price of Bangladeshi tea edged down to 148.58 taka ($1.97) per kg against 155.21 taka at t
Published 19 Oct, 2011 12:00am
China to raise soyabean imports again: Oil World

China to raise soyabean imports again: Oil World

China's September 2011/August 2012 soyabean imports are likely to rise to 58.50 million tonnes from 52.85 million in 2010/11 with continued Chinese buying set to support soya prices, Hamburg-based oilseeds analysts Oil World said on Tuesday. "China's depe
Published 19 Oct, 2011 12:00am
Rains help Argentine wheat and corn crops

Rains help Argentine wheat and corn crops

Rain over the last 10 days in Argentina's central grains-growing area revitalised parched wheat fields and helped farmers with their 2011/12 corn sowing, but dry weather could return, a forecaster said on Monday. Argentina is the world's No 2 corn supplie
Published 19 Oct, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 19 Oct, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 19 Oct, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 19 Oct, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 19 Oct, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
Anwar Yaseen may be confirmed as SBP Governor

Anwar Yaseen may be confirmed as SBP Governor

The government has decided to confirm Anwar Yaseen, Acting Governor of the State Bank of Pakistan, after extensive consultations and deliberations by the economic and political team of the country, it is learnt. Sources told Business Recorder that
Published 19 Oct, 2011 12:00am
Anwar Yaseen may be confirmed as SBP Governor

Anwar Yaseen may be confirmed as SBP Governor

The government has decided to confirm Anwar Yaseen, Acting Governor of the State Bank of Pakistan, after extensive consultations and deliberations by the economic and political team of the country, it is learnt. Sources told Business Recorder that
Published 19 Oct, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
Anwar Yaseen may be confirmed as SBP Governor

Anwar Yaseen may be confirmed as SBP Governor

The government has decided to confirm Anwar Yaseen, Acting Governor of the State Bank of Pakistan, after extensive consultations and deliberations by the economic and political team of the country, it is learnt. Sources told Business Recorder that
Published 19 Oct, 2011 12:00am
SSGC, SNGPL seek tariff hike from January

SSGC, SNGPL seek tariff hike from January

The Sui-Northern Gas Pipelines (SNGPL) and Sui-Southern Gas Company (SSGC) have filed a petition with the Oil and Gas Regulatory Authority (Ogra), seeking increase in gas tariff up to Rs 54 per mmbtu for second half of the current financial year.
Published 19 Oct, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 18, 2011).
Published 19 Oct, 2011 12:00am
SSGC, SNGPL seek tariff hike from January

SSGC, SNGPL seek tariff hike from January

The Sui-Northern Gas Pipelines (SNGPL) and Sui-Southern Gas Company (SSGC) have filed a petition with the Oil and Gas Regulatory Authority (Ogra), seeking increase in gas tariff up to Rs 54 per mmbtu for second half of the current financial year.
Published 19 Oct, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
SSGC, SNGPL seek tariff hike from January

SSGC, SNGPL seek tariff hike from January

The Sui-Northern Gas Pipelines (SNGPL) and Sui-Southern Gas Company (SSGC) have filed a petition with the Oil and Gas Regulatory Authority (Ogra), seeking increase in gas tariff up to Rs 54 per mmbtu for second half of the current financial year.
Published 19 Oct, 2011 12:00am
PTCL announces Rs 1.4 billion first quarter profit

PTCL announces Rs 1.4 billion first quarter profit

The Pakistan Telecommunications Company Limited (PTCL) has announced net profit of Rs 1.4 billion during the first quarter of its business in the current financial year, showing a growth of seven percent over last year.
Published 19 Oct, 2011 12:00am
PTCL announces Rs 1.4 billion first quarter profit

PTCL announces Rs 1.4 billion first quarter profit

The Pakistan Telecommunications Company Limited (PTCL) has announced net profit of Rs 1.4 billion during the first quarter of its business in the current financial year, showing a growth of seven percent over last year.
Published 19 Oct, 2011 12:00am
PTCL announces Rs 1.4 billion first quarter profit

PTCL announces Rs 1.4 billion first quarter profit

The Pakistan Telecommunications Company Limited (PTCL) has announced net profit of Rs 1.4 billion during the first quarter of its business in the current financial year, showing a growth of seven percent over last year.
Published 19 Oct, 2011 12:00am
PTCL announces Rs 1.4 billion first quarter profit

PTCL announces Rs 1.4 billion first quarter profit

The Pakistan Telecommunications Company Limited (PTCL) has announced net profit of Rs 1.4 billion during the first quarter of its business in the current financial year, showing a growth of seven percent over last year.
Published 19 Oct, 2011 12:00am
Media strike in Greece ahead of two-day labour walkout

Media strike in Greece ahead of two-day labour walkout

Greece was left without news coverage on Tuesday as journalists went on strike ahead of a two-day walkout by unions seeking to block an austerity bill that the government must pass to avert bankruptcy.
Published 19 Oct, 2011 12:00am
Media strike in Greece ahead of two-day labour walkout

Media strike in Greece ahead of two-day labour walkout

Greece was left without news coverage on Tuesday as journalists went on strike ahead of a two-day walkout by unions seeking to block an austerity bill that the government must pass to avert bankruptcy.
Published 19 Oct, 2011 12:00am
Media strike in Greece ahead of two-day labour walkout

Media strike in Greece ahead of two-day labour walkout

Greece was left without news coverage on Tuesday as journalists went on strike ahead of a two-day walkout by unions seeking to block an austerity bill that the government must pass to avert bankruptcy.
Published 19 Oct, 2011 12:00am
Government releases Rs one billion to Railways

Government releases Rs one billion to Railways

The federal government has released one billion rupees to the Ministry of Railways, which will enable the department to pay the salaries and pension of its staff. This was announced by Federal Minister for Railways Haji Ghulam Ahmed Bilour while addressin
Published 19 Oct, 2011 12:00am
Government releases Rs one billion to Railways

Government releases Rs one billion to Railways

The federal government has released one billion rupees to the Ministry of Railways, which will enable the department to pay the salaries and pension of its staff. This was announced by Federal Minister for Railways Haji Ghulam Ahmed Bilour while addressin
Published 19 Oct, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (October 18, 2011).

Published 19 Oct, 2011 12:00am
Government releases Rs one billion to Railways

Government releases Rs one billion to Railways

The federal government has released one billion rupees to the Ministry of Railways, which will enable the department to pay the salaries and pension of its staff. This was announced by Federal Minister for Railways Haji Ghulam Ahmed Bilour while addressin
Published 19 Oct, 2011 12:00am
Israeli soldier, Palestinians freed

Israeli soldier, Palestinians freed

Israeli soldier Gilad Shalit and hundreds of Palestinians crossed Israel's borders in opposite directions on Tuesday as a thousand-for-one prisoner exchange brought joy to families but did little to ease decades of conflict. Sergeant Shalit, 25, returned
Published 19 Oct, 2011 12:00am
Israeli soldier, Palestinians freed

Israeli soldier, Palestinians freed

Israeli soldier Gilad Shalit and hundreds of Palestinians crossed Israel's borders in opposite directions on Tuesday as a thousand-for-one prisoner exchange brought joy to families but did little to ease decades of conflict. Sergeant Shalit, 25, returned
Published 19 Oct, 2011 12:00am
Arab unrest: perspectives - XL

Arab unrest: perspectives - XL

The father of Pakistan's nuclear program, Dr A Q Khan, has attributed the plight of the Arabs to "their betrayal of the Ottoman Turks". He has also lambasted them for their failure to work towards acquiring nuclear capability. Had they started pursuing nu
Published 19 Oct, 2011 12:00am
Arab unrest: perspectives - XL

Arab unrest: perspectives - XL

The father of Pakistan's nuclear program, Dr A Q Khan, has attributed the plight of the Arabs to "their betrayal of the Ottoman Turks". He has also lambasted them for their failure to work towards acquiring nuclear capability. Had they started pursuing nu
Published 19 Oct, 2011 12:00am
Fertiliser import: MoI lobbying for replacing TCP

Fertiliser import: MoI lobbying for replacing TCP

The Ministry of Industries is reportedly considering to take away fertiliser import task from the Trading Corporation of Pakistan (TCP). For this hectic lobbying is underway, sources told Business Recorder. They said that the Minister for Industrie
Published 19 Oct, 2011 12:00am
Fertiliser import: MoI lobbying for replacing TCP

Fertiliser import: MoI lobbying for replacing TCP

The Ministry of Industries is reportedly considering to take away fertiliser import task from the Trading Corporation of Pakistan (TCP). For this hectic lobbying is underway, sources told Business Recorder. They said that the Minister for Industrie
Published 19 Oct, 2011 12:00am
Fertiliser import: MoI lobbying for replacing TCP

Fertiliser import: MoI lobbying for replacing TCP

The Ministry of Industries is reportedly considering to take away fertiliser import task from the Trading Corporation of Pakistan (TCP). For this hectic lobbying is underway, sources told Business Recorder. They said that the Minister for Industrie
Published 19 Oct, 2011 12:00am
Afghans, Nato launch 'new push against Haqqanis'

Afghans, Nato launch 'new push against Haqqanis'

Afghan security forces and their Nato allies have launched a new push against the al Qaeda-linked Haqqani network along the troubled Pakistani border, senior defence officials said Tuesday. The United States recently accused the Haqqanis of orchestrating
Published 19 Oct, 2011 12:00am
Afghans, Nato launch 'new push against Haqqanis'

Afghans, Nato launch 'new push against Haqqanis'

Afghan security forces and their Nato allies have launched a new push against the al Qaeda-linked Haqqani network along the troubled Pakistani border, senior defence officials said Tuesday. The United States recently accused the Haqqanis of orchestrating
Published 19 Oct, 2011 12:00am
Troops increased at check posts with Afghan border: DG ISPR

Troops increased at check posts with Afghan border: DG ISPR

Director General (DG) Inter Services Public Relations (ISPR) Major General Athar Abbas has said regular army and FC have been sent to border areas with Afghanistan to stop militants' attacks. Talking to Radio Pakistan, he said Pakistan would not allow mil
Published 19 Oct, 2011 12:00am
Troops increased at check posts with Afghan border: DG ISPR

Troops increased at check posts with Afghan border: DG ISPR

Director General (DG) Inter Services Public Relations (ISPR) Major General Athar Abbas has said regular army and FC have been sent to border areas with Afghanistan to stop militants' attacks. Talking to Radio Pakistan, he said Pakistan would not allow mil
Published 19 Oct, 2011 12:00am
S&P downgrades 24 Italian banks

S&P downgrades 24 Italian banks

Standard & Poor's on Tuesday downgraded its ratings of 24 Italian banks, including major lenders BMPS, UBI Banca and Banco Popolare, citing the deteriorating economic condition in the country. It also revised down its banking industry country risk assessm
Published 19 Oct, 2011 12:00am
S&P downgrades 24 Italian banks

S&P downgrades 24 Italian banks

Standard & Poor's on Tuesday downgraded its ratings of 24 Italian banks, including major lenders BMPS, UBI Banca and Banco Popolare, citing the deteriorating economic condition in the country. It also revised down its banking industry country risk assessm
Published 19 Oct, 2011 12:00am
S&P downgrades 24 Italian banks

S&P downgrades 24 Italian banks

Standard & Poor''s on Tuesday downgraded its ratings of 24 Italian banks, including major lenders BMPS, UBI Banca and Banco Popolare, citing the deteriorating economic condition in the country. It also revised down its banking industry country risk assess
Published 19 Oct, 2011 12:00am
Goldman Sachs sinks into red in third quarter

Goldman Sachs sinks into red in third quarter

US bank Goldman Sachs on Tuesday reported a loss for the 2011 third quarter, only the second quarterly loss since the Wall Street investment giant went public more than a decade ago. Goldman posted a net loss of $428 million for the three months ending Se
Published 19 Oct, 2011 12:00am
Goldman Sachs sinks into red in third quarter

Goldman Sachs sinks into red in third quarter

US bank Goldman Sachs on Tuesday reported a loss for the 2011 third quarter, only the second quarterly loss since the Wall Street investment giant went public more than a decade ago. Goldman posted a net loss of $428 million for the three months ending Se
Published 19 Oct, 2011 12:00am
Goldman Sachs sinks into red in third quarter

Goldman Sachs sinks into red in third quarter

US bank Goldman Sachs on Tuesday reported a loss for the 2011 third quarter, only the second quarterly loss since the Wall Street investment giant went public more than a decade ago. Goldman posted a net loss of $428 million for the three months ending Se
Published 19 Oct, 2011 12:00am
Goldman Sachs sinks into red in third quarter

Goldman Sachs sinks into red in third quarter

US bank Goldman Sachs on Tuesday reported a loss for the 2011 third quarter, only the second quarterly loss since the Wall Street investment giant went public more than a decade ago. Goldman posted a net loss of $428 million for the three months ending Se
Published 19 Oct, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Oct, 2011 12:00am
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