Google to invest $550 million in Chinese e-commerce giant JD.com
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
China’s tariffs on U.S. oil would disrupt $1 billion monthly business
China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
VW’s Audi CEO arrested in Germany over diesel scandal
Volkswagen was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating.
US imports push Japan into trade deficit in May
TOKYO–Imports of US aircraft helped push Japan to a trade deficit in May, official data showed on Monday, but experts said it was a...
Simmering trade tensions set stocks up for weekly loss
Andrew Milligan, head of global strategy at Aberdeen Standard Investments, said that in the context of trade flows, the sum of goods targeted was small.
Trump announces 25 per cent tariff on Chinese technology
President Donald Trump on Friday announced that the United States will implement a 25 per cent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.
AT&T closes $85 billion deal for Time Warner
The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data. It would also be the 12th largest deal in any sector, the data showed.
Pakistan’s support imperative for South Asia’s development
Iftikhar Ali Malik Friday said a new political vision and a stronger system are essential for South Asian leaders to develop regional “gateways” and “hubs” to expand trade and commerce in both regional and global markets, foster regional value chains and work to build competitiveness by ending deadlock for the betterment of the masses.
Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
ZTE shattered as shares lose 30 percent market value this week
ZTE was crippled when the United States imposed a seven-year supplier ban on it in April after it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea
FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge
In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion
Oil prices steady as focus turns to potential supply hike
Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday
As trade war with China looms, U.S. readies second wave of duties
The $100 billion list will be subject to the same public comment and hearing process as the $50 billion list, so it could take 60 days or more to put into effect
Ally betrays Arif Naqvi, behind lawsuit against Abraaj
The UAE-based Jafar family, which controls a Sharjah-based congolmerate, had deep ties with Naqvi and the petition points to further cracks at Abraaj
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
Popular News
Don’t cast your vote before you’ve seen these WhatsApp leaks
Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.
Latest News
China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
