China’s factory sector feeling the heat as it suffers to grow in the last 32 months The steep fall in the HSBC flash purchasing managers’ index (PMI) to 48 in November from 51 in October underscores Beijing’s growing alarm over the health of the global economy and unnerved financial markets already roiled by the euro […]
Nov 23 2011 | Posted in
Business |
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SHANGHAI/TAIPEI (Reuters) – Taiwan’s Acer Inc, the world’s No.4 PC vendor by sales, expects its recent integration with Founder Technology and increased brand acceptance to help grow its China sales by between 20-25 percent next year, said the firm’s head of China operations. Acer, which trails Hewlett-Packard, Lenovo and Dell, announced a strategic alliance with Founder […]
Textile exports drop by 14 per cent in October Textile and clothing exports of Pakistan have suffered a significant decline in the past one year, falling by 14 per cent as compared to the figures of last October. The fall of one of the major exports of the country has sent waves of fears to […]
Nov 23 2011 | Posted in
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Federal Reserve laid out a stress test for major financial institutions in the US. There are currently 19 banks on FRS’ subject-list; among them major parties are Bank of American, JP Morgan Chase and Goldman Sachs Group. The statement issued by the Fed ordered these financial goliaths to undertake a test to see if they […]
Nov 23 2011 | Posted in
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Pakistan to receive 500 MW of electricity from India A plan is underway, according to which Pakistan will receive 500 MW of electricity from India, which will help the country curb its power shortage. Representatives of the both states are to meet next month to finalise the prevailing issues and come to an agreement over […]
Nov 22 2011 | Posted in
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Pakistan |
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General Motors cracked the production problems they have been facing of late. In an announcement on Monday, GM North America President Mark Reuss said that they will be reopening their discarded Spring Hill plant in Tennessee. The carmakers had been facing shortfalls in the production because of a sudden blip in sales last quarter; especially […]
Nov 22 2011 | Posted in
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Pakistan delays ban on indecent text messages Telecommunication companies in Pakistan have denied direction of Pakistan Telecommunication Authority (PTA) to block indecent text messages. Recently, PTA gave the list of almost 1,700 words to all mobile operating companies, directing them to ban all text messages that include any of these words in English or Urdu. […]
Nov 22 2011 | Posted in
Business |
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Why is it so hard to buy headphones in Islamabad? Over the course of the last couple of years, I have gone to come to the conclusion that the shop owners in Islamabad fail to realize the importance of headphones. I am most probably not the first person in the city, who has felt the […]
The army spokesman, Major-General Athar Abbas, has told the press reporters that Pakistan anticipates lowering down its extensive military expenditure for the coming fiscal year. The Pakistan army eats up 16 per cent of the state’s annual budget every year and is hoping to lower its costs in the near future to help the cash-strapped […]
Nov 21 2011 | Posted in
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Politics |
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Analyst’s backs government plans to dampen CNG consumption in private cars Dr Asim Hussain, Minister Petroleum and Natural Resources, wants the cabinet to devise steps that will dampen the use of compressed natural gas (CNG) in private cars so that the same resource can be utilized in other sectors, which are in dire need of […]
Nov 19 2011 | Posted in
Business,
Pakistan |
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A recent study suggests that egocentric and egoistic personalities play an important role in the successful of businesses. The study, conducted by professors at Pennsylvania State University’s IMD Business School and Erlangen-Nuremberg University, stated that narcissist people have more confidence as compared to risk-avoiders. “We have uncovered the bright side of narcissism. It can serve […]
Nov 19 2011 | Posted in
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Barack Obama says Asia-Pacific tour will boost up employment in US The United States President Barack Obama wrapped up his nine-day trip to the Asia-Pacific region on Saturday and declared that his trip was successful and will boost up the U.S. employment as a result of some business deals and economic proposals. Obama believes that […]