Business

Amazon’s losses widen, shares drop

SAN FRANCISCO: Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its… Read More

Facebook beats Wall Street targets, stock hits record high

SAN FRANCISCO: Facebook Inc's (FB.O) fast-growing mobile advertising business helped drive a 61 percent increase… Read More

SBP issues fresh notes worth Rs.87bn for general public

ISLAMABAD: The central bank of Pakistan has been disbursed fresh currency notes worth Rs.87 billion… Read More

Microsoft revenue rises, profit falls as Nokia absorbed

SEATTLE: Microsoft Corp (MSFT.O) said on Tuesday its fiscal fourth-quarter revenue rose, beating Wall Street… Read More

Trade deficit decreases by 2.48pc

KARACHI: The trade deficit of the country decreased by 2.48 per cent during the fiscal… Read More

SBP advises banks to ensure availability of ATM services during EID holidays

ISLAMABAD: The central bank of Pakistan advised all the banks to take required measures to… Read More

Pakistan to target $1bn from Islamic bond

ISLAMABAD: Pakistan is looking to raise $1 billion from an Islamic bond denominated in US… Read More

Yahoo to buy analytics startup Flurry

SAN FRANCISCO: Yahoo Inc (YHOO.O) will buy mobile analytics startup Flurry to beef up a… Read More

Maire Tecnimont to build $1.6 billion U.S. fertilizer plant

MILAN: Italy's Maire Tecnimont said on Monday it had signed a memorandum of understanding with… Read More

Is Germany still the champion?

BRUSSELS: A week on from its World Cup soccer victory, Germany may return to center… Read More

SBP keeps the interest rate unchanged at 10pc

KARACHI: The central bank of Pakistan decided to leave key policy rate unchanged at 10… Read More

Microsoft to cut 18,000 jobs this year as it chops Nokia

SEATTLE: Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in… Read More

Google’s business chief departs for Japan’s SoftBank

SAN FRANCISCO: Google Inc's chief business officer, one of Chief Executive Officer Larry Page's key… Read More

21st Century Fox likely to pursue Time Warner takeover despite rebuff

Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed… Read More

Exports of sports goods increase by 7.49pc

ISLAMABAD: Recently ended fiscal year recorded the increase of 7.49 per cent in the exports… Read More

IBM, Apple to offer iPads and iPhones for business users

WASHINGTON: International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and… Read More

SBP gives reminder for the exchange of decimal coins

ISLAMABAD: The State Bank of Pakistan (SBP) and microfinance banks issued a reminder for the… Read More

Moody’s declares Pakistan’s rating outlook to stable

KARACHI: Moody’s Investors Service on Monday revised Pakistan's foreign currency government bond rating outlook to… Read More

Mylan to buy Abbott generics in a $5.3 billion deal

WASHINGTON: Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty… Read More

Inflow of remittances grows by 13.72pc

ISLAMABAD: The inflow of remittances during the fiscal year 2013-14 showed increase of 13.72 per… Read More