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Tag Archives: market

PSX adds 350pts till midday

KARACHI: The Pakistan Stock Exchange (PSX) added 350 points to take the tally to 40225 till midday on Friday. On Thursday, the PSX continued in the green with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points. Market participation took a step back with volume and value down 18.33 per cent and 12.74 per cent respectively, amid ... Read More »

Closing: KSE 100-index sheds 270pts or 0.78% due to volatile session

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 270.17 points or 0.78 percent to reach 34456.34 points and volume of 177,480,940 shares on Tuesday. Earlier, the KSE took a good start again and added 47.21 points to reach 34773.72 points level, with the total volume of 23,834,340 shares. On Monday, the KSE closed above 34,700 points mainly due to positive ... Read More »

US overtakes France as Germany’s No. 1 market

BERLIN: For decades, France was the single biggest importer of German goods. But that’s changed now. The United States has taken the pole position among clients for “Made in Germany” goods for the first time. Data released by the German federal statistics agency (Destatis) showed that clients in the US bought more goods and services from Germany in the first ... Read More »

Dutch big data startup Flytxt raises $11m and guns for Indian market

AMSTERDAM: Flytxt, a Big Data analytics solution provider, has raised $11 million from Sunrise Capital and Big Data Investments B.V. with participation from its existing investors. Launched in 2008, headquartered in Netherlands, and with its corporate office in Mumbai, Flytxt provides Big Data analytics solutions for Communication Service Providers (CSPs) and Mobile Enterprises across the globe. This fresh funding will ... Read More »

Capesize market index grows by 810Pts to 1,393Pts

ATHENS: The capesize market has advanced each consecutive trading day since June 11, with the Baltic Cape Index growing by 810 points then to 1,393 points today. “The last two weeks have seen an increased number of Brazilian iron ore cargoes come to the market and that’s primarily what is driving these rates,” Jeffrey Landsberg, managing director of New York-based ... Read More »

Capesize market index grows by 810Pts to 1,393Pts

ATHENS: The capesize market has advanced each consecutive trading day since June 11, with the Baltic Cape Index growing by 810 points then to 1,393 points today. “The last two weeks have seen an increased number of Brazilian iron ore cargoes come to the market and that’s primarily what is driving these rates,” Jeffrey Landsberg, managing director of New York-based ... Read More »

Turkey’s online retail market to double to 14b Turkish Liras by 2020

ANKARA: Turkey’s online retail market is expected to double to 14 billion Turkish Liras ($5.2 billion) by 2020 from 7 billion liras ($2.6 billion) in 2015, according to a report from the Boston Consulting Group and Boomerang Commerce titled “Multichannel Pricing Strategy.” There is fierce competition in the retail sector in Turkey,” said Burak Tansan, partner and managing director of ... Read More »

Market share decline may leave Europe with no investment bank champion

ATHENS: Retrenching and cost-cutting European investment banks are on course to lose market share to their bigger US rivals for the 10th straight year in 2015, a startling retreat that leaves the continent in danger of having no global champion. The top dozen European investment banks have taken just 20.7 per cent of global investment banking fees so far this year, ... Read More »

Denmark’s job market grows as 4300 employees enter the workforce in March 2015

COPENHAGEN: New figures from Statistics Denmark show that the national labour market grew for the 23rd straight month in March. Some 4,300 new employees entered the workforce in March, brining the national totals to 2,599,400 wage earners, Statistics Denmark said on Thursday. Even though the nation is now closing in on two consecutive years of job growth, a Nordea senior ... Read More »

Denmark’s job market grows as 4300 employees enter the workforce in March 2015

COPENHAGEN: New figures from Statistics Denmark show that the national labour market grew for the 23rd straight month in March. Some 4,300 new employees entered the workforce in March, brining the national totals to 2,599,400 wage earners, Statistics Denmark said on Thursday. Even though the nation is now closing in on two consecutive years of job growth, a Nordea senior ... Read More »

Greece’s auto market reacts positively to car taxation Plans

ATHENS: Greece’s Car Market Greece auto market officials reacted positively to a Finance Ministry plan to change car taxation; however, officials said the market should wait for the Ministry’s final proposals to judge the result. Market officials said a plan to link car taxation to the car’s pre-tax retail price, instead to its power under the current system, is a ... Read More »

Hungary leasing market swells by 20% in Q1-2015

BUDAPEST: The value of leases in Hungary increased by more than 20% to HUF 107 billionin the first quarter as compared to the same period in 2014, the Hungarian Leasing Association said yesterday, Hungarian news agency MTI reported. The value of leases for production equipment was up 36% at HUF 57 bln. Association members signed more than 18,000 new contracts ... Read More »

Hungary leasing market swells by 20% in Q1-2015

BUDAPEST: The value of leases in Hungary increased by more than 20% to HUF 107 billionin the first quarter as compared to the same period in 2014, the Hungarian Leasing Association said yesterday, Hungarian news agency MTI reported. The value of leases for production equipment was up 36% at HUF 57 bln. Association members signed more than 18,000 new contracts ... Read More »

Hungary’s factoring market grows 43%

BUDAPEST: Gross turnover of factoring companies in Hungary saw a year-on-year rise of 43%, reaching HUF 270.2 bln, in the first quarter this year, Hungarian economic daily Világgazdaság reported today referencing data from the Hungarian Factoring Association. Világgazdaság said that net turnover was up 8.6% at HUF 108.2 bln, while client numbers were just over 2,000, down by approximately 10%. ... Read More »

Greece stock market has fallen by 3% over bailout issue

ATHENS: Bank shares are leading the fallers, with Piraeus Bank sliding by 9.5%. Investors are understandably concerned by reports that the IMF might walk away from the Greece bailout. The EC’s new growth forecasts are adding to the gloom. Most other European markets are up, though. The FTSE 100 and the German DAX have both gained 0.5%. Read More »

Danish job market hikes by 4,100 in February, continues grows for 22nd straight month

COPENHAGEN: Employment levels reached their highest point in more than four years in February, Statistics Denmark reported on Tuesday. Monthly job totals increased by 4,100 in February, bringing Denmark’s total work force up to 2,594,200 wage earners. Economy Minister Morten Østergaard said he wanted to see that number hit three million, but pointed out that February continued an upward trend ... Read More »

Danish job market hikes by 4,100 in February, continues grows for 22nd straight month

COPENHAGEN: Employment levels reached their highest point in more than four years in February, Statistics Denmark reported on Tuesday. Monthly job totals increased by 4,100 in February, bringing Denmark’s total work force up to 2,594,200 wage earners. Economy Minister Morten Østergaard said he wanted to see that number hit three million, but pointed out that February continued an upward trend ... Read More »

Danish job market grows for 22nd straight month

COPENHAGEN: Employment levels reached their highest point in more than four years in February, Statistics Denmark reported on Tuesday. Monthly job totals increased by 4,100 in February, bringing Denmark’s total work force up to 2,594,200 wage earners. Economy Minister Morten Østergaard said he wanted to see that number hit three million, but pointed out that February continued an upward trend ... Read More »

Danish job market grows for 22nd straight month

COPENHAGEN: Employment levels reached their highest point in more than four years in February, Statistics Denmark reported on Tuesday. Monthly job totals increased by 4,100 in February, bringing Denmark’s total work force up to 2,594,200 wage earners. Economy Minister Morten Østergaard said he wanted to see that number hit three million, but pointed out that February continued an upward trend ... Read More »

Poland’s labour market surges to €1.51b in 2014

WARSAW: Remittances sent by immigrant workers in Poland to their families abroad surged to EUR 1.51 billion in 2014 from EUR 1.03 billion in 2013, the data of central bank NBP show. The vast majority of the payments went to Ukraine. Also the number of work permits issued to foreign employees increased in 2014, by 11% on 2013, while the ... Read More »