Business

EU leaders gather to discuss market, Russia ties

Oct 15th, 2008 | By Sindh Today | Category: Business, World

Brussels, Oct 15 (RIA Novosti) European Union (EU) leaders gathered here Wednesday for a two-day summit that will focus on the global financial crisis and the bloc’s relations with Russia.



World markets on roller-coaster ride amid concerted rate cuts (Roundup)

Oct 8th, 2008 | By Sindh Today | Category: Business, World

New York, Oct 8 (DPA) A concerted rate-cutting move by the central banks of the world’s economic heavyweights appeared Wednesday to be meet with a positive, if tentative, response on European exchanges and early gains on Wall Street. But markets and investors were still obviously on a roller coaster ride much of the time.



Stocks round the globe plunge amid bailout doubts

Oct 6th, 2008 | By Sindh Today | Category: Biz-Tech, Business, Focused, India, Top News

New York, Oct 6 (DPA) Stock markets around the world plunged Monday as investors worried that government bailouts for sick banks were failing to cure a crisis that threatens to infect global trade and industry too.

In early trading in New York, the Dow Jones Index was off 3.2 per cent, slipping below 10,000 for the first time in four years. London’s FTSE 100 was off 6.8 percent at 4641 and Germany’s DAX lost 5.1 percent to 5503 in a new Black Monday.



Pakistan’s foreign reserves crisis deepens

Oct 4th, 2008 | By Sindh Today | Category: Biz-Tech, Business, Pakistan, Top News

Karachi, Oct 4 (DPA) Pakistan’s foreign reserve crisis deepened further Saturday as the central bank said it had lost around $700 million in just a week.



US stocks rise on hope for bail-out passage

Oct 3rd, 2008 | By Sindh Today | Category: Biz-Tech, Business, Focused, World

Washington, Oct 3 (DPA) US stocks rallied for the first time in three days as the US House of Representatives began debate Friday on a new version of the finance rescue plan that the White House says is desperately needed.



Boeing eyes $20 bn defence orders from India

Sep 25th, 2008 | By Sindh Today | Category: Biz-Tech, Business, India

Hyderabad, Sep 25 (IANS) Bullish about India’s growing aviation market, US aerospace major Boeing sees a $20 billion opportunity in the defence sector alone over the next decade.



UAE to spend $15 bn on IT and communications by 2011

Sep 24th, 2008 | By Sindh Today | Category: Biz-Tech, Business, Technology, World

Dubai, Sep 24 (IANS) The United Arab Emirates’ (UAE) expenditure on information and communications technology (ICT) is expected to rise to $14.8 billion by 2011, the Gulf News daily reported.



Crisis stalks global air carriers

Sep 18th, 2008 | By Sindh Today | Category: Biz-Tech, Business, Focused, World

Moscow, Sep 19 (RIA Novosti) A series of bankruptcies that have hit some leading air carriers and tour operators in the past month suggest that a serious crisis is brewing in global civilian aviation. Over the last six months about three dozen strong players have stopped or suspended operations. Among them are Russia’s AiRUnion, Britain’s XL Airways UK and Italy’s Alitalia.