Karachi: Burj Bank Limited (Burj) has announced its half yearly results for the period ended June 30, 2012. The Bank’s profit before tax is Rs.147 million.
Tokyo: China will “lose out” by not sending its top two finance officials to important global economic meetings in Japan this week, IMF chief Christine Lagarde said Thursday.
Paris: The leaders of France and Spain vowed concerted action on the eurozone as they met amid IMF calls for new measures to control the debt crisis threatening the global economy.
Tokyo: Greece‘s badly stressed economy will need an additional two years to get its runaway budget under control, the International Monetary Fund’s managing director said.
Washington: The US economy picked up in September despite weak momentum in consumer spending, a Federal Reserve survey of regional economies published Wednesday showed.
Tokyo: Japan’s Toyota on Wednesday announced a global recall of 7.43 million vehicles, including its popular Camry and Corolla models, over a possible fire risk, in a fresh blow to the firm’s reputation for safety.
Paris: Leading European aerospace and defence companies EADS and BAE Systems are to ask Wednesday for a delay from British regulators to a deadline on announcing if they will pursue a tie-up that would create a global giant bigger than US rival Boeing, a source close to the matter said.
Tokyo: Europe must do more to tackle its fiscal crisis, which is heaping extra pressure on an already-strained global financial system, the International Monetary Fund warned on Wednesday.
Tokyo: Two of China’s top economic officials will boycott IMF and World Bank meetings in Japan, officials said Wednesday, as a territorial row between Tokyo and Beijing spills over into financial diplomacy.
Washington: The US Federal Reserve announced new rounds of stress-tests for big American banks on Tuesday, part of efforts to end the excessive risk-taking that led Wall Street to near-collapse in 2008.