PCGA Final Report Puts Pak Cotton Production At 10.777m Bales
Out of total arrivals, 10,777,351 bales underwent the ginning process, said the last fortnightly PCGA report of 2018-19, released to the here Monday. The total sold out bales were recorded at over 10.42 or 10,424,892 bales including over 10 or 10,317,152 bales bought by mills and another 107,740 bales purchased by exporters. Sanghar district of ...
Shipping Activity At Port Qasim 03 June 2019
Meanwhile carrier Ummbad carrying 61,000 tonnes LNG also arrived at outer of during last 24 hours. A total of six ships were occupied at PQA berths to load/offload Containers, Coal, Canola Seeds, LNG and Palm respectively. Out of them, three ships LNG Golar , CMA CGM and Cape sailed out to sea on Monday ...
Trump targets AT&T in tweet over CNN
WASHINGTON: US President Donald Trump targeted AT&T in a pair of tweets on Monday, urging customers to drop the telecommunications company over its ownership of cable news network CNN. Trump, who was in London at the start of a state visit, reiterated his complaints about CNN, a Time Warner property now owned by AT&T that the president has frequently criticized for ...
Romania sells 1.31bn lei of Feb. 2029 bonds
BUCHAREST: Romanian debt managers sold a more than planned 1.31 billion lei ($309.01 million) worth of Feb. 2029, treasury bonds on Monday, with the average accepted yield at 4.76pc, central bank data showed.
Nissan would review Renault relationship after FCA merger
MILAN: Nissan would carry out a “fundamental review” of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday. The proposal under discussion “would significantly alter the structure of our partner Renault”, Nissan Chief Executive Hiroto Saikawa said in a statement. “This would require a fundamental review of the existing relationship ...
Kazakh central bank may consider rate hike if inflation target threatened
MOSCOW: Kazakhstan’s central bank may consider hiking its policy rate if it sees a threat to its inflation target of 4-6pc this year, Central Bank Governor Yerbolat Dosayev said on Monday.
Coca Cola HBC annual revenue growth to be 6pc until 2025
Coca-Cola?s leading bottler Coca Cola HBC AG expects revenue annual growth over the next six years at around 6pc. The company, which sells Coca-Cola drinks in 28 countries, said on Monday that the average annual revenue growth rate is expected to be in the range of 5pc-6pc on a currency-neutral basis.
South Korea steelmaker POSCO may beef up green production push with up to $169mn new funds
SEOUL: South Korean steelmaker POSCO? may invest up to 200 billion won ($169 million), on top of a previously announced 1 trillion won package, in a bid to meet tighter environmental rules on production as the country seeks to clamp down on pollution, an executive said on Monday. Ahn Yoon-gih, senior vice president of POSCO?s steel business, told Reuters ...
Thyssenkrupp shares fall near 16-year low
FRANKFURT: Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years. The conglomerate’s shares declined as much as 2.7 percent to 11.03 euros per share, their lowest level since Aug. 11, 2003.
Goldman Sachs sees oil prices steadying at current levels
Crude oil prices are likely to remain steady around current levels, as growing macro uncertainties, rising US output and large availability of core OPEC nations’ spare capacity will offset supply constraints from Iran and Venezuela, Goldman Sachs said. The United States spooked markets worldwide with oil supply worries last month after it reimposed trade sanctions on Iran, one of the major ...
UK Manufacturers Warn Leaving EU With No Deal Will Be 'Economic Lunacy'
The Q2 Manufacturing Outlook survey, conducted by Make together with BDO consultancy, showed that European companies were also giving up suppliers, and that both national and export orders had been decreasing in the first and second quarters of this year. The to the bottom in the interests of party ideology has to stop otherwise there will ...
Russian 2019 GDP Growth Could Exceed 1.3% - Economic Development Minister
MOSCOW (UrduPoint News / Sputnik - 03rd June, 2019) The Economic Development Ministry maintains its forecast for GDP growth in at 1.3 percent, not ruling out that the growth could exceed this mark, Economic Development Minister Maxim Oreshkin said on Monday during his meeting with President . According to a recent report by the ...
Inflation In Russia To Start Slowing Down After Peaking At 5.3% In March- Economy Minister
MOSCOW (UrduPoint News / Sputnik - 03rd June, 2019) Inflation in peaked at 5.3 percent in and will now start slowing down, Economic Development Minister Maxim Oreshkin said on Monday during his meeting with President .
SoftBank’s service to help power self-driving buses, farm machinery
TOKYO: Japan?s SoftBank Corp said on Monday it will launch a service this year that would use satellite navigation data and the telco?s mobile base stations to help power self-driving buses, drones and farm machinery. SoftBank?s parent SoftBank Group Corp?s portfolio companies control 90% of the world?s ride-hailing industry and it has taken stakes in self-driving units at Uber ...
Korean Air CEO says ownership discussions are ongoing after patriarch’s death
Cho?s death left his family with an inheritance tax bill of around 170 billion won ($143.72 million), equal to about half his entire Hanjin Kal stake, some analysts estimated. The death also raised the possibility of a family war over the late Cho?s Hanjin Kal stake, though his family would likely fight to defend control of Korean Air, analysts ...
Fiat’s French appeasement game is means to an end
The Italian-American carmaker?s Chairman John Elkann is mulling concessions to get the French state to greenlight his proposed $35 billion merger with Renault, Reuters reported on Sunday. A board seat for Paris and some extra cash for Renault shareholders shouldn?t risk projected annual cost savings of 5 billion euros, or the assent of alliance partner Nissan Motor. With a ...
OGDCL, EME Centre Sign MOU
ISLAMABAD (UrduPoint / Pakistan Point News / Online - 03rd June, 2019) Oil & Gas Development Company Limited (OGDCL) and EME Centre for innovation and entrepreneurship - ICE2 (College of electrical and mechanical engineering) here on Monday 3rd June, 2019 entered in MoU at OGDCL house Islamabad.
USA, China, UK Top Three Export Destinations Of Pakistani Products
ISLAMABAD, Jun 3 (UrduPoint / Pakistan Point News - 3rd Jun, 2019 ):The United States of America (USA) remained the top export destinations of the Pakistani products during the first ten months of the current fiscal year, followed by China and United Kingdom (UK). The total exports to the USA during July-April (2018-19) were recorded at $3366.942 million against the exports ...
Weekly Inflation Goes Up 0.28pc
ISLAMABAD, (UrduPoint / Pakistan Point News - 3rd Jun, 2019 ) :The weekly inflation for the week ended on 30, for the combined income group, witnessed increase of 0.28 percent as compared to the previous week. The items which recorded increase in their average prices included banans, chicken, potatoes, garlic, eggs, moong pulse, gur, masoor pulse, , mash ...
FBR extends deadline to file tax returns till June 30
(Web Desk) - The Federal Board of Revenue (FBR) on Monday extended the last date for filing of income tax returns for the tax year 2018 until June 30, 2019 in order to facilitate mainly those taxpayers who were excluded from the Active Taxpayers? List (ATL) for availing lower rates of withholding taxes. As per a circular issued on ...
