Thursday 4 August 2011

DAILY BUSINESS NEWS IN BRIEF: 05.08.2011




Business News

Fri, 5 August 2011 07:50

- Asia markets plunge amid recession fears
Major markets in Japan, Hong Kong, Australia and South Korea tumbled as already-fragile investor confidence was hammered by more weak US economic data and growing fears

- Oil prices down in Asian trade
New York's main contract, West Texas Intermediate light, sweet crude for delivery in September, was down 92 cents to $85.71 a barrel in morning trade after plungin

- Pak forex reserves surge to record high
Reserves had also peaked in the

- Stocks slide further; KSE 95 points down
The bearish spell at KSE is being attributed to the tumbling world stocks besides local investors have become cautious and concerned over security situation in

- CNG supply suspended in Faisalabad region
According to Sui Gas sources, gas supply to the industrial sector of the city was suspended Wednesday morning 6 am for three days under the gas load management

- Asian shares rise, Tokyo up on yen intervention
Tokyo stepped in as the yen edged towards its record post-war high against the dollar, with Finance Minister Yoshihiko Noda saying the stronger the currency

- a on bargain hunting
Crud

- Stocks fall to 2-1/2 month low
Volume rose to 46.1

- Gold hits record on global growth worries, Europe debt
Spot gold rose to an all-time high of $1,671.39 an ounce, hitting its ninth record in 16 trading sessions and up 17 percent so far this year. It was

- Rs85b pumped in to ease banks' liquidity
that the banks deduct the amount of Zakat every year on the 1st of Ramazan from the accounts of their customers, who in a bid to avoid such deduction withdraw most of their deposits in the banks unleashing


BRIEF NEWS:
 Karachi will return to normalcy soon.PM
 FIA’s anti-terror wing to grill Karachi suspects.Rehman Malik
 PPP,PML-N lock horns in Natinal Assembly
 Karachi /Another disaster
Building collapse wreaks havoc in Karachi
7 killed, 15 injured as five-storey building collapses in Karachi

Four women and two girls among dead g Rescue operation continues


Mohammed Saleem Mansoori

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