Currently browsing : crisis
11th October, 2012
Siemens CEO to cut jobs, close offices as profits shrink
Customers put off ordering engineering equipment because of Europe's economic crisis.
Customers put off ordering engineering equipment because of Europe's economic crisis.
1st September, 2012
Russia again calls for immediate end to Syria violence
Russia repeated a call for an immediate end to the violence in Syria in a statement issued a day after the UN Security Council discussed its humanitarian crisis.
Russia repeated a call for an immediate end to the violence in Syria in a statement issued a day after the UN Security Council discussed its humanitarian crisis.
29th August, 2012
Citigroup to pay $590 million to settle investor suit
Citigroup said it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on losses in the 2008 financial crisis.
Citigroup said it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on losses in the 2008 financial crisis.
6th August, 2012
Shares rally on US jobs, Europe action hopes
Asian shares rallied to a three-month high as stronger-than-expected US jobs data and emerging optimism for European action on the debt crisis bolstered risk appetite.
Asian shares rallied to a three-month high as stronger-than-expected US jobs data and emerging optimism for European action on the debt crisis bolstered risk appetite.
2nd August, 2012
PM orders release of $4.5m to PIA
Prime Minister Raja Pervez Ashraf asked the ministry of finance to release $4.5 million on priority basis for aircraft procurement.
Prime Minister Raja Pervez Ashraf asked the ministry of finance to release $4.5 million on priority basis for aircraft procurement.
2nd August, 2012
Directive to reduce power outages
The Minister for Water and Power Chaudhry Ahmed Mukhtar issued directives to streamline the power set up in the country.
The Minister for Water and Power Chaudhry Ahmed Mukhtar issued directives to streamline the power set up in the country.
27th July, 2012
Govt to support Water Fuel Kit Project: Cabinet body
A sub-committee of the Cabinet reiterated the government's commitment to support the Water Fuel Kit Project to tackle energy crisis in country.
A sub-committee of the Cabinet reiterated the government's commitment to support the Water Fuel Kit Project to tackle energy crisis in country.
26th July, 2012
Disaster-hit Japan could use microfinance: Yunus
Nobel prize winner Muhammad Yunus said that microfinance could help disaster-struck Japan rebuild.
Nobel prize winner Muhammad Yunus said that microfinance could help disaster-struck Japan rebuild.
26th July, 2012
Gold rises for 3rd day on stimulus expectations
Gold edged up on Thursday, extending gains to a third session on stimulus hopes, although most analysts the rally is not likely to sustain.
Gold edged up on Thursday, extending gains to a third session on stimulus hopes, although most analysts the rally is not likely to sustain.
26th July, 2012
Asian markets mostly up on upbeat earnings
Asian markets mostly rose following upbeat earnings results in the region and the United States along with raised hopes for a eurozone bailout fundings.
Asian markets mostly rose following upbeat earnings results in the region and the United States along with raised hopes for a eurozone bailout fundings.
24th July, 2012
Oil down in Asian trade on eurozone gloom
Oil declined in Asian trade with investor sentiment still under pressure on concerns over the eurozone's long-running debt crisis.
Oil declined in Asian trade with investor sentiment still under pressure on concerns over the eurozone's long-running debt crisis.
22nd July, 2012
Spain bailout fears peak after black Friday
A eurozone bailout for Spain's banks and a tough batch of pay cuts and tax hikes have not been enough to save the country from the risk of a full-blown bailout.
A eurozone bailout for Spain's banks and a tough batch of pay cuts and tax hikes have not been enough to save the country from the risk of a full-blown bailout.
19th July, 2012
Oil rises in Asia after Wall St gains
Oil headed up in Asian trade Thursday, tracking gains on Wall Street as well as Asian bourses and buoyed by a dip in US crude stockpiles.
Oil headed up in Asian trade Thursday, tracking gains on Wall Street as well as Asian bourses and buoyed by a dip in US crude stockpiles.
19th July, 2012
Euro steadies as yen gains on renewed Europe concerns
Comments by German Chancellor Angela Merkel rekindled fears about the euro zone debt crisis, to the benefit of the safe-haven yen.
Comments by German Chancellor Angela Merkel rekindled fears about the euro zone debt crisis, to the benefit of the safe-haven yen.
4th July, 2012
National grid posts 5,277MW deficit
National power shortfall continued to be in excess of 5,000MW despite all efforts, necessitating around eight-to-ten-hour loadshedding nationwide.
National power shortfall continued to be in excess of 5,000MW despite all efforts, necessitating around eight-to-ten-hour loadshedding nationwide.
28th June, 2012
Gold inches up ahead of European Union summit
Gold edged up on Thursday after the euro showed some resilience ahead of a European Union summit expected to disappoint on new measures.
Gold edged up on Thursday after the euro showed some resilience ahead of a European Union summit expected to disappoint on new measures.
27th June, 2012
Brent slips below $93
Brent crude fell below $93 per barrel as heightened concerns that European leaders would fail to resolve the region's debt crisis persisted.
Brent crude fell below $93 per barrel as heightened concerns that European leaders would fail to resolve the region's debt crisis persisted.
27th June, 2012
Import of power machines thriving
The import of power generating machines is thriving with fading hopes of an early end to persistent long power outages across the country.
The import of power generating machines is thriving with fading hopes of an early end to persistent long power outages across the country.
21st June, 2012
Dollar resilient after Fed largesse, euro dips
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
21st June, 2012
Textile, clothing exports drop
Pakistan’s textile exports dropped 9.961 per cent in the first 11 months of the current fiscal year due to weak demand from major markets.
Pakistan’s textile exports dropped 9.961 per cent in the first 11 months of the current fiscal year due to weak demand from major markets.
