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US stocks rebound, Facebook shares dive [Tribune]
21 May, 2012
NEW YORK: US stocks rebounded Monday from their worst week of the year after G8 leaders voiced support for debt-stricken Greece to remain in the eurozone and economic growth efforts. In the first 45 minutes of trade, the Dow Jones Industrial Average was up 48.78 points, or 0.39%, to 12,418.16. The S&P 500-stock index climbed 6.04 (0.47%) to 1,301.26, while the tech-rich Nasdaq added 14.70 (0.53%) at 2,793.49. Wall Street stocks were “supported by
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  Makhdoom Amin Fahim stresses early operationalization of Pak-Turkey PTA  [Business Recorder] 21 May, 2012

ISLAMABAD: Senior Minister for Commerce Makhdoom Amin Fahim here on Monday stressed the need for early operationalization of Pak-Turkey Preferential T ... view detail


  TCP awards tender for import of 100,000 MT urea  [Business Recorder] 21 May, 2012

KARACHI: Trading Corporation of Pakistan (TCP), in response to its international tender floated on April 18, has awarded import contract for a quantit ... view detail


  Dr. Khalil Chishti calls on Governor Sindh  [Business Recorder] 21 May, 2012

KARACHI: Virologist Dr. Muhammad Khalil Chishti who returned recently after spending 20 years in jail in India, called on Sindh Governor, Dr. Ishrat u ... view detail


  National Economic Council to meet on May 24  [Business Recorder] 21 May, 2012

ISLAMABAD: The National Economic Council (NEC) is scheduled to meet here on May 24 (Thursday) to consider and approve Rs.825.2 billion Public Sector D ... view detail


  WHO to declare global polio emergency  [Business Recorder] 21 May, 2012

ISLAMABAD: The World Health Organisation (WHO) is expected this week to declare polio a global health emergency as it battles complacency in an attemp ... view detail


  JUI-F Chief meets Rehman Malik  [Business Recorder] 21 May, 2012

ISLAMABAD: Chief of Jamiat-e-Ulema Islam (JUI-F), Maulana Fazl-ur-Rehman met with Minister for Interior, Rehman Malik here on Monday and discussed mat ... view detail


  Nasdaq, S&P 500 gain 1 percent  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Stocks rose on Monday, with the Nasdaq and the S&P 500 up 1 percent as markets recovered from their worst weekly decline for ... view detail


  Opposition boycotts PM dinner for Erdogan  [Business Recorder] 21 May, 2012

ISLAMABAD: Opposition party said Monday it would boycott a banquet being hosted by the prime minister for Turkey's premier, as a protest against ... view detail


  Wall Street edges up but Facebook's decline weighs  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Stocks edged up on Monday from their worst weekly decline for the year as world leaders expressed support for Greece to stay in t ... view detail


  Eaton to buy Cooper Industries for $11.8 billion  [Reuters] 21 May, 2012

(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries for $11.8 billion in ca ... view detail


  Wall Street rises at open after worst week of year  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Wall Street edged higher at the open on Monday, rebounding from its worst weekly decline for the year, on assurances that world p ... view detail


  NATO vows continuing to work with Pakistan on supply routes reopening  [Business Recorder] 21 May, 2012

CHICAGO: The North Atlantic Council has said the countries in the region, particularly Pakistan, have important roles in ensuring enduring peace, stab ... view detail


  Nasdaq alters IPO procedures after Facebook glitch  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook ... view detail


  Stock futures signal rebound, G8 assures investors  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world power ... view detail


  6.8m families declared eligible through PSS  [Business Recorder] 21 May, 2012

ISLAMABAD: More than 6.8 million families have been declared eligible through Poverty Scorecard Survey under Benazir Bhutto Income Support Programme(B ... view detail


  PASSCO procures 730,000 tons wheat  [Business Recorder] 21 May, 2012

ISLAMABAD: Pakistan Agriculture Storage and Services Corporation (PASSCO) has so far procured about 730,000 tons of wheat during its procurement campa ... view detail


  Stock futures higher as G8 wants Greece in euro  [Reuters] 21 May, 2012

NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world power ... view detail


  SBP injects Rs 27.450bn  [Business Recorder] 21 May, 2012

KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 27.450 billi ... view detail


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