European stocks gain for a 4th day as Brexit vote nears

TORONTO: Canada's benchmark stock index edged slightly lower on Wednesday, with energy stocks weighing as oil fell with a smaller-than-expected...

U.S. stocks close lower ahead of ‘Brexit’ vote

NEW YORK: U.S. stocks closed slightly lower Wednesday as Federal Reserve Chairwoman Janet Yellen completed her second day of testimony...

FedEX loses $70m

MEMPHIS: FedEx Corp lost US$70 million in the latest quarter because of large pension and acquisition items, and the delivery...

Hennes & Mauritz profit falls

STOCKHOLM: Hennes & Mauritz AB says second-quarter net profit fell 17 percent as the Swedish fashion retailer continued to be...

Hornby to cut product lines

LONDON: British toymaker Hornby PLC said it would decrease its product lines by 40 percent and exit a majority of...

Mitsubishi forecasts loss

TOKYO: Mitsubishi Motors Corp yesterday forecast its first loss in eight years after setting aside compensation costs related to manipulating...

DBS cuts growth forecast to 0.9%

TAIPEI: DBS Bank yesterday cut its GDP growth forecast for Taiwan this year to 0.9 percent, from the 1.4 percent...

Singapore to include yuan investments in its foreign reserves

SINGAPORE: Singapore’s central bank yesterday said it would make financial investments in the Chinese yuan as part of its official...

BSP jacks up term deposits offering

MANILA: The Bangko Sentral ng Pilipinas will offer more term deposits at the first auction in the second half of...

Dick Scheringa to list new company via reverse takeover

MADRID: A businessman who set up an independent bank which collapsed in 2009 following reports about mis-selling and expensive life...

Foreign investors fled Greece last year

ATHENS: Last year was particularly negative in terms of money coming into Greece, as foreign direct investment posted a decline...

ICCI urges CDA to take notice of sub-standard repair of roads in Islamabad‏

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Sheikh Pervez Ahmed said that Capital Development Authority (CDA) has...

Govt sets target for agri growth by 3.5% for FY 2016-17

ISLAMABAD: The government has set the agriculture sector growth target at 3.5 per cent while the industrial sector's growth target...

LCCI hails decision to not convert industrial area into residential society

LAHORE: The Lahore Chamber of Commerce & Industry (lCCI) Wednesday welcomed the decision to withdraw the plan of Kahna Kacha...

Zero-rating on electricity granted to two industrial units

ISLAMABAD: Federal Board of Revenue (FBR) has granted sales tax zero-rating on supply of electricity to two industrial units. The...

Pakistan Railways to run 10 special trains on Eid

ISLAMABAD: Pakistan Railways has announced to run 10 special trains on Eidul Fitr to facilitate people to celebrate the festival...

NASA debuts new internet technology aboard the ISS

WASHINGTON: The International Space Station (ISS) has a new technology on board that can transmit data from space much faster...

Extreme close-up of hand holding a modern smartphone with a generic mobile banking app running. This is a version without amounts and currency symbols .

Note to inspector, concerning copyright etc: The whole screen (every single graphic element, including battery indicator) is designed by myself.

Branchless banking grows to 101.6m in Q2

ISLAMABAD: The branchless banking sector witnessed mixed growth trend in second quarter of this year to 101.6 million as compared...

Mobile imports increase by 5.11% to $687.249m in 11 months