London: European stock markets steadied Friday and the euro dropped against the dollar after a week dominated by rising concerns about the economic outlook for both the United States and the eurozone.
Islamabad: Pakistan government Friday has rejected a proposal of International Monitory Fund (IMP) to raise the price of dollar upto Rs101 in the country.
London: Iberia is to shed 4,500 jobs to save Spain’s biggest airline from collapse and more may follow amid the economic crisis in the indebted eurozone nation, parent group International Airlines Group said Friday.
BEIJING: China has released a slew of figures showing growth of the world’s number-two economy gaining pace, as the Communist Party meets to anoint new leaders tasked with sustaining the country’s economic miracle.
Karachi: The European Union (EU) will provide 2.5 million Euros to the Pakistan Water and Power Development Authority (WAPDA) as grant to improve training infrastructure for WAPDA employees.
Frankfurt: The European Central Bank held fire on both interest rates and other policy measures at its regular meeting in Frankfurt Thursday, insisting the onus is now on governments to get the eurozone’s finances on a sustainable footing.
Washington: The US trade deficit narrowed in September to $41.5 billion, down from $43.8 billion in August, on a rebound in exports to a record level, government data released Thursday showed.
New York: US stocks plunged 2.4 percent Wednesday after President Barack Obama’s re-election victory set up a tough battle with Republicans over the looming “fiscal cliff”.
London: European stock markets slid on Wednesday and the euro fell against the dollar as traders expected US President Barack Obama’s re-election to be challenged quickly by a looming fiscal crisis, and the EU issued gloomy growth forecasts.
Sydney: An Australian firm that won a landmark case against Standard & Poor’s over financial products that collapsed ahead of the global economic crisis said it would take its fight to Europe.