Posts Tagged ‘ Business News ’

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How did Toyota veer so far off course A bow of greeting, not of contrition: Akio Toyoda at the start of his apology news conference. Photograph: Kim Kyung-Hoon/Reuters When Catherine Block took her Toyota Aygo to her local dealer after a terrifying drive between Folkestone and Canterbury, she told mechanics: “It was a good job my...
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KARACHI: The State Bank of Pakistan (SBP) Saturday announced the new monetary policy, maintaining the interest rate to the current level of 12.5 percent. Announcing the fourth monetary policy, Governor SBP Salim Raza said inflation rate was reduced at 10.3 percent during the first quarter of current fiscal year. He said inflationary pressure is there due...
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According to a report issued by Pakistan Telecommunication Authority (PTA), the teledensity in Pakistan till November 2009 was observed 62.9%. The statistics show that the growth in the telecommunication sector is making a notable contribution in the country’s economy. The current Gross Domestic Product (GDP) of Pakistan is worth US$168 billion and 0.27 %...
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Karachi—The government is likely to allow fuel oil blending in the country soon. Chairman of Oil and Gas Regulatory Authority (OGRA) Tauqir Sadiq while speaking at the second meeting of FPCCI Standing Committee on Petroleum Products at Federation House asked all the stakeholders to give their proposals on the subjects seeking government permission in...
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Chevron Corp. plans to shrink its international refining business in a move that will cut jobs throughout the company. Chevron, the second-largest U.S. oil company, did not say how many of its employees will be affected and whether the job cuts will be focused in the U.S. A company spokesman told The Associated Press that Chevron...
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SINGAPORE: Oil fell in Asian trade Monday as economic concerns continued to weigh on investor sentiment, analysts said. New York’s main contract, light sweet crude for February delivery fell 70 cents to 77.30 dollars a barrel. Brent North Sea crude for February delivery was down 71 cents to 76.40 dollars. “Oil is under pressure primarily from economic...
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PESHAWAR: The CNG stations all across Peshawar province including provincial capital Peshawar Sunday have been shut down in pursuance of two-day weekly closure basis while the citizens are compelled to undergo trouble over the decision, Geo news reported. According to details, all CNG stations will suspend sale of gas on Monday as per plan aimed...
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LAHORE: The SNGPL administration, while revising its decision of closing CNG stations twice a week, announced that all CNG stations will remain close between 8:00am to 8:00pm in residential areas. GM Sui Gas Lahore region Abdul Haseeb said domestic consumers were experiencing low pressure of gas due to the CNG stations. He made it clear that...
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NEW YORK: Investors sold shares globally and stepped up bids for safe-haven bonds and the U.S. dollar after JPMorgan & Co reported deep losses on loans and its revenue fell short of Wall Street’s expectations. Skip related content Results from the second-largest U.S. bank followed tepid U.S. data and a season of lacklustre earnings that...
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