Big foreign investment drops down for the first time in China China’s economic growth could be slowing further as data on Thursday showed the first year-on-year drop in foreign direct investment in 28 months and a fresh fall in new orders signaled a further contraction in factory activity. The data highlights increasing risks to […]
Dec 15 2011 | Posted in
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Sales volume and value have increased in various important sectors in the initial five month of the current fiscal year (from July to November). It was reported on Wednesday that the domestic demand in the auto sales, oil consumption, cement sales, fertilizer usage and real estate has significantly risen in the last five months. Chief […]
Dec 15 2011 | Posted in
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The European Commission has accepted IBM’s offer to counterparties in order to close a lawsuit filed against them last year. The computer giants were accused of abusing its dominant position in the market for mainframe maintenance. Last September, the European Commission published a proposal made by IBM to keep it from being fined for abusing […]
Oil Consumption in Pakistan surged up by 11 % in November Consumption of Oil is increased by 11% in November on a yearly basis with an impressive performance from all mainstream products. Petrol sales also increased by a significant 34% as gas load shedding have made many producers to shift to the more expensive alternate […]
Dec 15 2011 | Posted in
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China determined to grow despite grim global economy Laying out a blueprint for the world’s second-biggest economy in the year ahead, Beijing promised to keep monetary policy "prudent," fiscal policy "pro-active" and consumer prices stable — language broadly in line with previous commitments. Economists said the rhetoric suggested Beijing preferred to only fine-tune economic policies, […]
Dec 14 2011 | Posted in
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Much of the US population is misguided about the progress China has made and what are future prospects in good relations with the industrial counterpart. Shaun Rein, an America economic researcher/expert, has authored a book, The End of Cheap China: Economic and Cultural Trends That Will Disrupt the World that provides a deep insight into Chinese […]
Dec 14 2011 | Posted in
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Texas showed a steady and firm performance in the last three years. It was among the last US states who fell victim to the 2008 recession and was the first one to get out of the ordeal. Prosperity did not show an upward performance this year only, but it has been in the thick of […]
Dec 14 2011 | Posted in
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The list of top 100 banks is out, based on a recent survey that combed through the data of this year’s financial statements and the recent submissions by these banks on December 1. The banks in the list range from $4.6 Billion Beneficial Mutual Bancorp to goliaths like $2.3 Trillion worth JP Morgan Chase. The […]
Dec 14 2011 | Posted in
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The decision of the Economic Coordination Committee for the curtailment of gas supply to fertilizer plants was overturned by Prime Minister Yousuf Raza Gillani to add another feather to the list of such lapses. The ECC approved a gas load management for November, 2011, but the Premier was quick to overturn this decision after […]
National Assembly urges Government to arbitrate into the market to stabilise falling prices of cotton National Assembly’s Standing Committee, Headed by Mohamad Akram Ansari, for the Textile Industry has urged the government to arbitrate into the market to stabilise falling prices of cotton. The committee requested the government to direct the Trading Corporation of Pakistan […]
Dec 14 2011 | Posted in
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Pakistan’s number-one job provider website ROZEE.PK has been ranked amongst the top ten fastest growing companies in the country making a unique bench-mark in the corporate market where a website outshined many who invested in their businesses far higher than a mere job search platform who has now become prodigy in the broader sense. At […]
Dec 13 2011 | Posted in
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Vidya Balan says ‘The Dirty Picture’ is a landmark for her Bollywood Buzz, Vidya Balan, is pretty happy with the success of her film ‘The Dirty Picture’, as she insisted ‘The Dirty Picture’ is a landmark for her in many ways. As per the facts and figures ‘The Dirty Picture’, which was released worldwide on […]