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Euro mixed in Asia after fresh GDP data
Source: Geo News | 15-08-2013

TOKYO: The euro was mixed in Asia Thursday after fresh data showed the troubled eurozone had exited a recession in the second quarter.

The single currency fetched $1.3296 and 129.96 yen against 1.3255 and 130.08 yen in New York on Wednesday.

The dollar changed hands at 97.75 yen, compared with 98.14 yen in US trade with retail sales data this week pointing to a still unsteady recovery for the world's largest economy.

Eurozone data showed that the economy of the 17-country bloc grew 0.3 percent in the three months to June, exiting an 18-month recession.

The zone's biggest economy, Germany, expanded 0.7 percent, while France grew 0.5 percent, well ahead of forecasts for just 0.2 percent.

But stronger industrial output numbers for Europe on Tuesday had already heightened expectations of good growth figures, giving the euro a boost ahead the figures published on Wednesday.

The results "should at least help to support confidence" in the embattled bloc, National Australia Bank said.

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Source: Tribune | 21-03-2013
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Source: The Nation | 11-01-2013
Mobile services suspension on 14th: Industry to suffer Rs 1b loss   It is expected that the mobile services will remain blocked in several areas of country on March 14 as a preventive measure to stop any possible terrorist activity in long march announced by Tahir-ul-Qadri. Industry would have to suffer a loss of Rs 1 billion again due to blockage of mobile services.     Rehman Malik has invented this..... Read more
Source: The Nation | 11-01-2013
Hafeez invites GE to invest in Pakistan Federal Minister for Finance Dr Abdul Hafeez Sheikh here on Thursday invited the General Electric Company to invest in Pakistan particularly in sectors where it has global expertise like aviation, transport, railways, energy and alternate energy.   A delegation led by John Rice, Vice Chairman General Electric Company, called on Federal Minister for Fi..... Read more
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