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Eurozone stocks slide, Dow surges above 24,000

London: Eurozone markets slipped on Thursday as investors were torn between Wall Street euphoria over renewed optimism that US tax cuts will clear a key legislative hurdle and concerns awaiting OPEC’s next move. Oil prices were mixed ahead of the decision from a meeting in Vienna of 24 producing nations ...

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Bitcoin could threaten financial stability: Fed governor   

Washington: Digital currencies like bitcoin could pose a threat to financial stability as they gain wider use, a chief Federal Reserve banking oversight official said Thursday. The remarks from newly installed Fed Vice Chairman for Supervision Randal Quarles came as the cryptocurrency took a vertiginous dive on Thursday after skyrocketing ...

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Ever-volatile bitcoin is embraced by Wall Street

New York: Bitcoin’s stratospheric rise this week follows the digital currency’s embrace by mainstream trading platforms and is seen by some in finance as normal growing pains often experienced by innovative technologies. After starting the year at around $1,000, bitcoin, which first appeared in 2008, on Wednesday surged as high ...

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Senate body appreciates HIT achievements, projects   

ISLAMABAD: Senate Standing Committee on Defence Production in its meeting on Thursday appreciated the achievements and projects of Heavy Industries Taxila (HIT) and recommended that the budget disbursement process to HIT might be made smoother and quicker to achieve more viability and fast pace of work. The meeting was held ...

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PPP Chairman felicitates nation on Eid Milad-un-Nabi

KARACHI: Chairman, Pakistan People’s Party (PPP), Bilawal Bhutto Zardari has facilitated the nation on the auspicious occasion of Eid Milad-un-Nabi (PBUH). “We celebrate and rejoice today we must also reflect on where as a nation we are headed towards in the name of religion”, Bilawal Bhutto said to a statement ...

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Eid Milad-Ul-Nabi (PBUH) | Business Recorder

Attractive view of an illuminated Memon mosque, in connection with Celebrated of Eid Milad-Ul-Nabi the birthday of Prophet Muhammad (PBUH). Eid-Milad-ul-Nabi is celebrated by Muslims all over the world every year on 12th of the Rabi-ul-Awal, the third month of the Islamic Calendar.   INP Source link

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Pakistan IT export reaches US$2.9bn

ISLAMABAD: Due to Government Incentives to IT and Information Technology Enabled Services (ITeS) industry Pakistan’s IT exports have grown to an estimated $2.9 billion which includes Pakistani freelancers estimated to be earning more than $300 million annually. While talking to APP Managing Director Pakistan Software Export Board (PSEB) Iftekhar Shah ...

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