Markets News

Rupee hits another all-time low

The Indian rupee fell below the psychological level of 55 to hit a new historic low on Monday, setting up the prospect of further falls unless the government or RBI take measures or intervene aggressively.

Pakistan and India to boost FDI
via Bilateral Investment Treaty

It may sound like a business fable from the Arabian Nights, but lots and lots of investors are talking about Pakistani FDI going to India. And, Indian investment coming to Pakistan under their new Bilateral Investment Treaty, or BIT.

Can FM afford real austerity?

Finance Minister Pranab Mukherjee last week called for “some austerity” and “little bit of unpopular steps”.

Apple, Samsung CEOs in U.S. court talks over patent row

The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has “slavishly” copied some of its products.

Asian shares mostly up after G8 meeting

Asian markets were mostly higher on Monday after last week’s huge losses, with traders taking some heart from a statement by Group of Eight leaders saying they wanted Greece to remain in the eurozone.

Chinese company to buy US movie theater chain AMC

A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China’s biggest takeover of an American company to date.

World leaders back Greece, vow to combat financial turmoil

CAMP DAVID - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis.

G-8 focuses on EU crisis

The United States and other members of the Group of Eight industrial nations agree that Europe’s financial crisis must be addressed with a mix of growth and austerity measures, US President Barack Obama said on Saturday as leaders gathered for a shirt-sleeve discussion that also will cover world concerns about ups and downs in oil prices.

Gulf Air official airline for Bahrain forum

Manama - Gulf Air has announced that it will be the official airline for the upcoming First GCC Future Entrepreneurs Forum taking place in Bahrain from May 30 to 31.

World leaders back Greece, vow to combat financial turmoil

World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis.