Saudi Arabia exchange enlists Nasdaq

Saudi Arabian exchange enlists Nasdaq to turbocharge technology DUBAI (Pakistan Press Club) – Saudi Arabia’s Stock Exchange said on Monday it has hired U.S. group Nasdaq (NDAQ.O) to replace its 16-year-old registry, depository and settlement infrastructure as it tackles challenges including the forthcoming listing of Saudi Aramco. The kingdom is rapidly developing its stock market, […]

Rio Tinto looks inward for new chairman

Rio Tinto holds course as it looks inward for new chairman SYDNEY (Pakistan Press Club) – Global miner Rio Tinto (RIO.AX)(RIO.L) signaled on Monday it will stick with its “value over volume” strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board. Rio ended months of speculation by […]

Uber security managers resign after CEO criticizes practices

Three Uber security managers resign after CEO criticizes practices SAN FRANCISCO (Pakistan Press Club) – Three senior managers in Uber Technologies Inc’s security unit resigned on Friday, an Uber spokesperson said, days after the company’s new chief executive officer disclosed a massive data breach and criticized past security practices. Uber’s CEO, Dara Khosrowshahi, who was […]

Govt of Pakistan deregulates diesel

Govt deregulates diesel after petrol, HOBC Pakistan Press Club ISLAMABAD: The Petroleum Division of the Ministry of Energy on Saturday deregulated diesel after petrol and HOBC. The approval of deregulation of these petroleum products was given in the first week of October during the meeting of the Economic Coordination Committee of Cabinet (ECC) which was […]

GM venture to recall nearly a million vehicles in China

GM venture to recall nearly a million vehicles in China BEIJING (Pakistan Press Club) – One of General Motors Co’s (GM.N) China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last […]

Fiat Chrysler looking for tech partnership with Hyundai

Fiat Chrysler CEO says in talks with Hyundai on tech partnership   ARESE, Italy (Pakistan Press Club) – Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) is in talks with South Korea’s Hyundai (005380.KS) about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday.   FCA is […]

Unilever Chief defends balance between growth, margin

Unilever CEO defends balance between growth, margin Unilever, CEO   (Pakistan Press Club – New Jersey, Business Desk) – Unilever (ULVR.L) (UNc.AS) Chief Executive Paul Polman on Thursday defended his balancing of growth and margin, weighing in passionately after a weak third quarter on a debate sparked by this year’s unwanted approach from Kraft-Heinz (KHC.O). […]

Nissan’s Japan car sales slide after compliance scandal

Nissan’s Japan car sales slide for second month after compliance scandal  TOKYO (Pakistan Press Club) – Nissan Motor Co’s (7201.T) sales of domestic passenger cars fell by almost half in November – its second straight month of slides in the wake of a compliance scandal and its first since it resumed production of cars for […]

American Air still lack pilots in December

Hundreds of American Air flights still lack pilots in December NEW YORK (Pakistan Press Club) – American Airlines still has hundreds of flights without pilots assigned to them in December, the company said on Thursday, after a scheduling error gave too many pilots time off. The number of flights that remain pilotless is now “a […]

Bank of France warns about bitcoin speculation

Bank of France warns on bitcoin speculation PARIS (Pakistan Press Club) – Bitcoin is a speculative asset and people who invest in it do so at their own risk, the Bank of France Governor Francois Villeroy de Galhau warned on Friday after recent volatile trading. “We need to be clear: bitcoin is in no way […]