Summons issued to seven banks over Libor scandal
NEW YORK - Seven major banks, including HSBC and Royal Bank of Scotland, have been summoned for questioning in the US over alleged manipulation of the Libor inter-bank lending rate. Barclays, ...
Walmart second quarter profit rises
WASHINGTON Global retail giant Walmart Stores, Inc. Thursday reported a fourth consecutive quarter of same-store sales growth in the U.S. business, helping the company achieve a slightly better ...
Barrick Gold mulls possible stake sale in African asset
TORONTO - Canada based Barrick Gold Corp, the world's top gold producer, Thursday admitted to being in discussion with China National Gold Group Corp for possible sale of all or part of its ...
As coal demand eases BHP signals possible job losses
SYDNEY - Striving to reins in costs amid falling commodity prices and a slowdown in China demand, global mining giant BHP Billiton has indicated possible job losses at some of its joint venture ...
Oracle agrees to pay $2mn fine to SEC for violation of FCPA
WASHINGTON Global software major Oracle Corporation Thursday agreed to pay a $2 million fine to settle the US Securities and Exchange Commission charge that it had failed to prevent its Indian ...
Heavyweights taking advantage of struggling small businesses
In the old days individuals and small businesses were given 30 days to pay their account. In many cases this stretched to 60 or even 90 days before they were heavied to pay up. The Australian ...
Asian stocks up on US housing data Cisco earnings
Encouraging signs about the U.S. housing market and strong earnings from U.S. tech giant Cisco helped lift Asian stock markets higher in early trading ...
Shareholder sues Wal-Mart to get Mexico bribery documents
(Reuters) - An Indiana union pension fund that holds shares in Wal-Mart Stores Inc has sued the company to gain access to thousands of internal documents related to allegations that a Wal-Mart ...
Shares rise as Merkel remarks soothe nerves
TOKYO (Reuters) - Shares firmed on Friday as German Chancellor Angela Merkel voiced support for the European Central Bank's efforts to contain the debt crisis in the euro zone, soothing ...
Fed hawks make case against further easing
WILLISTON, North Dakota (Reuters) - Top officials at two of the Federal Reserve's most hawkish regional banks weighed in against further monetary policy easing, and a third on Thursday ...
Apple Hewlett-Packard Lauded on Clean Mineral Campaign
A U.S. report has cited leading tech firms, chief of them Apple, for active efforts in ensuring that products they issue in global markets were not laced with 'blood money'. ...
China eyes African Barrick stake
China's state-owned miner, China National Gold, has held preliminary talks to buy a stake in African Barrick Gold (ABG), one of Africa's largest gold miners. Demand for gold in China has ...
Source: http://www.karachinews.net/index.php?sid/208402821/scat/3a8a80d6f705f8cc
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