Bestway Cement completes construction of brownfield expansion project
Last April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court
Crude oil eases on record U.S. production, OPEC supply hopes
Global benchmark Brent crude, which was little changed in the previous session, was down 9 cents, or 0.1 percent, to $77.47 per barrel
Taimur Dawood resigns as CEO of Descon Oxychem
Taimur Dawood has been replaced as CEO by Imran Qureshi who has over two decades of experience in the chemical industry and has had stints with AkzoNobel and ICI
Asian stocks trade higher, disregard Wall Street losses
Japan’s Nikkei 225 index added 0.4 percent to 22,283.54 and the Kospi in South Korea jumped 0.8 percent to 2,441.33. Hong Kong’s Hang Seng index edged 0.1 percent higher to 30,491.64.
Colony NorthStar ends talks with Abraaj to acquire fund management unit: Report
Reuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
Dollar appreciates for first time against rupee in Ramazan
The differential between the kerb and inter-bank market rates has touched around Rs4 per dollar as inter-bank prices were around Rs115.60-115.70 on Thursday.
Creditors seek legal advice on options against Abraaj
The Wall Street Journal reported on Wednesday that Kuwait’s Public Institution for Social Security on May 22 filed a case in a Cayman Islands court against Abraaj, claiming the company is unable to repay a $100 million loan and $7 million interest by the agreed date
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
Deutsche Bank looking to sell stake in Abraaj, sources
DUBAI: Deutsche Bank is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a row...
Two senior executives depart from Abraaj: Report
Previously, Bloomberg reported last week KPMG was said to be undertaking an internal review into its audits of the world’s largest emerging private equity house
Apple to use OLED screens in all iPhone models from 2019
Japan Display's stock was down 10 percent at the end of Tuesday’s morning session, giving it a market value of about 105 billion yen ($965 million)
Asian shares fall following turbulent sessions in US and Europe
Japan’s Nikkei 225 stock index dropped 1.5 percent to 22,013.86. South Korea’s Kospi dropped 1.8 percent to 2,412.06.
Oil prices fall amid worries Saudi Arabia, Russia could up supply
Brent crude was down 45 cent, or 0.6 percent, at $74.94 a barrel at 0325 GMT, after settling up 9 cents on Tuesday
Greenback closes Rs118.70 in kerb after touching Rs119
KARACHI: After Moody’s prediction of further devaluation of the Pak Rupee to Rs125 against a dollar in the current fiscal year, the...
Market Daily: Indices make a comeback, gain 484 points
Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.