Latest Business news http://musicmazaa.com/news/i/business-news Sat, 18 May 13 22:45:40 +0000 MusicMazaa RSS FEED en-us http://musicmazaa.com/images/ui/logo.png http://musicmazaa.com/news/i/business-news Feed provided by musicmazaa.com. Click to visit. http://musicmazaa.com/news/business-news/euro-firms-in-asian-trade.html The euro held firm against the dollar and yen in Asian trade on Thursday after dropping overnight amid concerns about political upheaval in debt-hit Greece and strains on Spain's banking sector. The euro bought $1.2948 and 103.28 yen in Tokyo morning trade, stronger than $1.2944 and 102.98 yen in New York late Wednesday. The dollar strengthened against the Japanese currency, changing hands at Thu, 10 May 12 05:35:29 +0000 http://musicmazaa.com/news/business-news/euro-firms-in-asian-trade.html Business http://musicmazaa.com/news/business-news/gold-slips-to-rs56100-per-tola.html Gold slipped by Rs 500 to Rs 56,100 per tola in the local market Tuesday as its international price dropped. Chairman All Sindh Jewelers Association Haji Haroon told ‘Geo News’ that gold prices fell in the local market as its international price slipped to $ 1,627 an ounce. Wed, 09 May 12 07:06:01 +0000 http://musicmazaa.com/news/business-news/gold-slips-to-rs56100-per-tola.html Business http://musicmazaa.com/news/business-news/faisalabad-industries-deprived-of-gas.html The gas supply was suspended to the industrial sector of Faisalabad for three consecutive days that resulted in halting the production process, Geo News reported Friday. According to sources, Sui Northern Gas Pipeline had resumed the gas supply for four days that was suspended again from today for three days. Production process in at least 450 industries of Faisalabad has come to a halt while Fri, 27 Apr 12 08:24:54 +0000 http://musicmazaa.com/news/business-news/faisalabad-industries-deprived-of-gas.html Business http://musicmazaa.com/news/business-news/dollar-steady-ahead-of-meeting.html The dollar was steady against other major currencies in Asian trade on Thursday as investors looked to a Bank of Japan policy meeting amid speculation of further monetary easing. The euro bought $1.3217 and 107.49 yen in Tokyo morning trade, almost flat with New York trade late Wednesday. The dollar was also little changed at 81.33 yen. The greenback was likely to move within the 81.00-81.60 Thu, 26 Apr 12 07:18:55 +0000 http://musicmazaa.com/news/business-news/dollar-steady-ahead-of-meeting.html Business http://musicmazaa.com/news/business-news/euro-sags-yen-jumps-in-asian-trade.html The euro sagged against other major currencies in Asian trade Monday, as risk-averse investors flocked to the safe-haven yen following weaker-than-expected US jobs data. The European single currency was changing hands at $1.3050 and 106.38 yen Monday, slipping from $1.3070 and 107.53 yen in Tokyo trade on Friday. The dollar was at 81.52 yen, down from 82.27 yen. The Japanese currency rose Mon, 09 Apr 12 11:39:21 +0000 http://musicmazaa.com/news/business-news/euro-sags-yen-jumps-in-asian-trade.html Business http://musicmazaa.com/news/business-news/euro-steady-ahead-of-us-jobs-data.html The euro was steady in early Asian trade Friday at the start of the Easter holiday weekend ahead of a US jobs report, after it lost ground on debt concerns over the past week. The eurozone unit bought $1.3064 and 107.58 yen in Tokyo morning trade, compared with $1.3057 and 107.52 yen in New York late Thursday. The dollar was changing hands at 82.36 yen, from 81.84 yen. "The pair of euro/dollar Sat, 07 Apr 12 08:00:24 +0000 http://musicmazaa.com/news/business-news/euro-steady-ahead-of-us-jobs-data.html Business http://musicmazaa.com/news/business-news/gold-hits-near-3-month-low.html Gold prices fell more than 1 percent to their lowest in nearly three months after minutes from the US Federal Reserve's March meeting suggested a fresh round of monetary stimulus was unlikely as the US economy gradually improves. Ultra-loose monetary policy, which keeps real interest rates and consequently the opportunity cost of holding gold low, helped push the metal to record highs in 2011. Wed, 04 Apr 12 12:46:23 +0000 http://musicmazaa.com/news/business-news/gold-hits-near-3-month-low.html Business http://musicmazaa.com/news/business-news/dollar-slips-in-asian-trade.html The dollar eased in Asian trade on Tuesday with the euro and safe-haven yen both rising ahead of key economic data due this week, including a US jobs report. The greenback slipped to 81.84 yen in Asian trade, compared with 82.28 yen in New York Monday. The euro gained to $1.3346 from $1.3325 in New York, and edged up to 109.27 yen, compared with 109.22 yen overnight in mixed trade. The Tue, 03 Apr 12 12:18:21 +0000 http://musicmazaa.com/news/business-news/dollar-slips-in-asian-trade.html Business http://musicmazaa.com/news/business-news/gold-shines-up-at-rs49414-per-10-grams.html Gold surged by Rs 129 to Rs 49,414 per 10 grams in the local market Friday as its international price improved to $ 1,665 an ounce, market sources said. According to Karachi Saraf Association official, tola (11.664 grams) price also went up by Rs 150 at Rs 57,650. Silver closed higher at Rs 925.71 per 10 grams. Sat, 31 Mar 12 10:03:59 +0000 http://musicmazaa.com/news/business-news/gold-shines-up-at-rs49414-per-10-grams.html Business http://musicmazaa.com/news/business-news/albert-einstein-finally-goes-online.html At speeds even he could barely imagine, Albert Einstein's private papers and innermost thoughts will soon be available online, from a rare scribble of "E=mc2" in his own hand, to political pipe-dreams and secret love letters to his mistress. Fifty-seven years after the Nobel Prize-winning physicist's death, the Israeli university which he helped found opened Internet access on Monday to some of Wed, 28 Mar 12 06:11:41 +0000 http://musicmazaa.com/news/business-news/albert-einstein-finally-goes-online.html Business http://musicmazaa.com/news/business-news/euro-rangebound-for-lack-of-trading-pegs.html The euro moved narrowly in Asia on Wednesday as investors looked for fresh trading pegs. The euro bought $1.3324 and 110.64 yen, compared with $1.3315 and 110.71 yen in New York late Tuesday. The dollar edged down to 82.97 yen from 83.15 yen in New York as Japanese exporters moved to repatriate income by the end of the current fiscal year this weekend. "There hasn't been any major news Wed, 28 Mar 12 05:09:25 +0000 http://musicmazaa.com/news/business-news/euro-rangebound-for-lack-of-trading-pegs.html Business http://musicmazaa.com/news/business-news/two-major-us-oil-cos-interested-in-tapi-pipeline.html Two major US oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and Pakistan, a US government official said on Friday. The building of the US-backed "TAPI" pipeline through some of Afghanistan's most volatile regions presents a major challenge, adding to the project's other hurdles such as gas pricing and transit fees. Fri, 23 Mar 12 11:42:53 +0000 http://musicmazaa.com/news/business-news/two-major-us-oil-cos-interested-in-tapi-pipeline.html Business http://musicmazaa.com/news/business-news/yen-firms-on-japan-trade-surplus.html The yen strengthened against the dollar in Thursday morning trade after Japan posted an unexpected trade surplus in February, offering some hope for its plodding economy. The dollar eased to 83.13 yen before rebounding to 83.37 yen in Tokyo, still below 83.87 yen in New York late Wednesday. The euro was changing hands at $1.3227 and 110.26 yen compared with $1.3211 and 110.22 yen on Wednesday. Thu, 22 Mar 12 04:28:07 +0000 http://musicmazaa.com/news/business-news/yen-firms-on-japan-trade-surplus.html Business http://musicmazaa.com/news/business-news/lentils-prices-up-by-rs3-to-29-at-utility-stores.html Prices of lentils have been increased by Rs3 to Rs29 per kilogram at Utility Stores across the country, Geo News reported Monday. The raise was made by the administration of Utility Stores, sources said. Daal Chana witnessed maximum rise of Rs29 per kg to 107 from 78; Daal Moong made expensive by Rs8 per kg to 118 from 110; Red Lobia up by Rs21 to 115 from 94; Daal Masoor by Rs3 to 78 from Tue, 20 Mar 12 05:24:49 +0000 http://musicmazaa.com/news/business-news/lentils-prices-up-by-rs3-to-29-at-utility-stores.html Business http://musicmazaa.com/news/business-news/rupee-ends-weaker-at-907380-to-dollar.html In the currency market, the rupee ended weaker at 90.73/80 to the dollar compared to its close of 90.68/75 on Wednesday due to increased import payments, especially for oil. Dealers expect some pressure on the rupee because of rising global oil prices. Oil was trading close to $125 a barrel on Thursday. The rupee had been supported this week by remittances from overseas Pakistanis which rose Fri, 16 Mar 12 09:11:45 +0000 http://musicmazaa.com/news/business-news/rupee-ends-weaker-at-907380-to-dollar.html Business http://musicmazaa.com/news/business-news/yen-firms-against-dollar-and-euro-in-asia.html The yen edged up against the dollar and the euro in Asian trade Tuesday as investors adjusted their positions. The dollar was trading at 81.42 yen in Tokyo morning trade, down from 81.53 yen in New York late Monday. The euro was changing hands at $1.3223 and at 107.58 yen compared with $1.3218 and 107.76 yen. "Although there are risks of a stronger yen coming from position-adjusting after the performances Tue, 06 Mar 12 09:42:20 +0000 http://musicmazaa.com/news/business-news/yen-firms-against-dollar-and-euro-in-asia.html Business http://musicmazaa.com/news/business-news/forex-reserves-stand-at-164245-million-sbp.html Pakistan's total liquid foreign reserves stood at $16,424.5 million on February 24, 2012, State Bank of Pakistan said Thursday. According to break-up, foreign reserves held by SBP were $12,062.3 million and net foreign reserves held by banks (other than SBP) $4,362.2 million. Fri, 02 Mar 12 05:18:45 +0000 http://musicmazaa.com/news/business-news/forex-reserves-stand-at-164245-million-sbp.html Business http://musicmazaa.com/news/business-news/oil-prices-higher-on-positive-us-data-iran-concerns.html Oil prices edged higher in Asian trade Thursday, supported by upbeat US economic data and fears over supply disruptions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in April, gained one cent to $107.08 in morning trade and Brent North Sea crude for April delivery was up 34 cents to $123.00. "Crude oil jumped back to positive territory... as the Federal Thu, 01 Mar 12 09:15:38 +0000 http://musicmazaa.com/news/business-news/oil-prices-higher-on-positive-us-data-iran-concerns.html Business http://musicmazaa.com/news/business-news/euro-up-on-new-loan-pledges-to-eurozone-banks.html The euro edged up in Asia on Wednesday, supported by positive expectations over the European Central Bank's second batch of low-interest loans to eurozone banks. The single currency fetched $1.3482 in Tokyo afternoon trade, compared with $1.3466 in New York late Tuesday. Against the yen, the euro was unchanged at 108.34. "There is a strong sense of anticipation," a senior trader at a major Japanese Wed, 29 Feb 12 11:12:33 +0000 http://musicmazaa.com/news/business-news/euro-up-on-new-loan-pledges-to-eurozone-banks.html Business http://musicmazaa.com/news/business-news/january-economic-indicators-blink-green.html The National Price Monitoring Committee (NPMC) was informed here on Friday that the Consumer Price Index (CPI), which shows the general price trend in the country, decreased and recorded at 10.1% during last month. The NPMC, which met Secretary Finance Abdul Wajid Rana in the chair, was also informed that food and non-food inflation was recorded at 9.3% and 10.6% respectively, while Wholesale Price Sat, 25 Feb 12 06:12:45 +0000 http://musicmazaa.com/news/business-news/january-economic-indicators-blink-green.html Business http://musicmazaa.com/news/business-news/euro-up-in-asia-after-german-business-survey.html The euro firmed against major currencies in Asian trade Friday thanks to an upbeat German business confidence survey and improving investor sentiment about Greece. The common currency was trading at $1.3374 and 107.12 yen in Tokyo trade, compared with $1.3369 and 106.94 late Thursday in New York. The greenback stood at 80.11 yen in Friday trade, compared with 79.98. Noriaki Murao, a senior dealer Fri, 24 Feb 12 05:58:09 +0000 http://musicmazaa.com/news/business-news/euro-up-in-asia-after-german-business-survey.html Business http://musicmazaa.com/news/business-news/rupee-ends-firmer-at-909579-to-dollar.html In the currency market, the rupee ended firmer at 90.75/79 to the dollar, compared with Tuesday's close of 90.86/91 amid lack of import payments. But dealers expect pressure on the local unit to continue due to rising international oil prices, which hit a nine-month high on Tuesday. The rupee touched a record low of 91.28 to the dollar in January, pressured by worries about higher payments for oil Thu, 23 Feb 12 05:28:00 +0000 http://musicmazaa.com/news/business-news/rupee-ends-firmer-at-909579-to-dollar.html Business http://musicmazaa.com/news/business-news/euro-flat-after-easing-from-greek-bailout-rally.html The euro was flat against the dollar in Asia Wednesday as enthusiasm over a eurozone agreement on a bailout for Greece faded due to concerns more must be done to get the country back on track. The euro faces downward risks as investors are likely to start adjusting their positions, dealers said. The euro changed hands at $1.3236 and 105.63 yen in Tokyo morning trade, compared with $1.3238 and 105.50 Wed, 22 Feb 12 06:00:38 +0000 http://musicmazaa.com/news/business-news/euro-flat-after-easing-from-greek-bailout-rally.html Business http://musicmazaa.com/news/business-news/oil-price-down-in-asia-on-profit-taking.html Oil was down in Asian trade Thursday with traders reaping profits after prices jumped more than one percent overnight, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for March delivery, fell 15 cents to $101.65 per barrel and Brent North Sea crude for April delivery shed 32 cents to $118.61. Traders capitalised on an overnight surge in prices, said senior Thu, 16 Feb 12 04:56:35 +0000 http://musicmazaa.com/news/business-news/oil-price-down-in-asia-on-profit-taking.html Business http://musicmazaa.com/news/business-news/euro-falls-on-debt-woes-dollar-up-against-yen.html The euro fell against the dollar in Asia on Wednesday amid worries over Europe's debt woes while the greenback hit a 15-week high against the yen after the Bank of Japan's surprise credit easing. The euro slipped to $1.3113 in Tokyo morning trade from $1.3134 late Tuesday in New York after eurozone finance ministers delayed a decision on a new Greek bailout. The dollar rose to 78.67 yen at one point Wed, 15 Feb 12 05:03:59 +0000 http://musicmazaa.com/news/business-news/euro-falls-on-debt-woes-dollar-up-against-yen.html Business