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Tokyo stocks open down 0.98 percent
Source: Geo News | 31-07-2013

TOKYO: Tokyo stocks opened 0.98 percent lower on Wednesday as investors awaited a policy decision by the Federal Reserve and US growth data.

The benchmark Nikkei 225 index, which rose 1.53 percent on Tuesday, lost 136.27 points to 13,733.55 at the start.

The Fed is to wrap up a two-day policy meeting Wednesday with market players looking for clues to its thinking on winding down its massive stimulus programme.

Investors are also waiting for data on April-June gross domestic product to see how the world's largest economy is faring.

Currency rates were static. The dollar was at 98.00 yen in early Asian trade Wednesday, hardly changed from 98.02 yen in New York Tuesday afternoon.

The euro fetched $1.3259 and 130.04 yen compared with $1.3264 and 130.02 yen. New York stocks closed mostly flat on Tuesday. The Dow Jones Industrial Average slipped 0.01 percent to 15,520.59.

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Source: The Nation | 26-03-2013
Proper legislation can provide protection to overseas investors The overseas Pakistanis bring $14 billion through bank transactions and another $28 billion through Hawala (money transferred through a network of brokers) every year, totaling $42 billion.“ If government serves its overseas Pakistanis and take initiatives by providing them incentives then they can play a vital role in boosting Pakistan’s ec..... Read more
Source: The Nation | 04-03-2013
Pakistan exports 2.15m tons of rice Basmati and non-basmati rice export target of $2 billion in fiscal year 2012-13 can be achieved, as the country has overall exported more than 2.15 million tons of rice of around $1 billion in first eight months to more than 100 countries, despite massive loadshedding and perennial gas shortage, which is affecting entire export chain.In spite of energy..... Read more
Source: Tribune | 18-02-2013
Elections and after: Expectations and fears of investors With just few weeks left in the tenure of present assemblies, everybody is looking forward to the formation of a new government. Since politics and economy are interwoven, investors are also keenly following economic agendas of different political parties to assess what course the economy will take in the near future. While most political and business ana..... Read more
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