Pakistan News

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  • Outage at Bloomberg hits financial markets

    LONDON: A two-hour outage at news and market data provider Bloomberg LP hit financial markets around the world on Friday, prompting debt sales to be postponed and exacerbating a spike in volatility in European stocks...

    “We experienced a combination of hardware and software failures in the network, which caused an excessive volume of network traffic,” Bloomberg said in a statement...

  • China loses spot as world's No.2 stock market: Bloomberg

    Data from Bloomberg News in intra-day trade on Friday showed the value of equities on the mainland had slipped behind those in their neighbouring country for the first time since taking the number-two spot in 2014...

    “Losing the ranking to Japan is the damage caused by the trade war,” Banny Lam, head of research at CEB International Investment in Hong Kong, told Bloomberg News...

  • Potential US presidential candidate Bloomberg buys record amount of TV ads

    Former New York mayor Michael Bloomberg, an increasingly likely 2020 presidential candidate, plans to launch a $31 million television advertising campaign on Monday, in a move deemed anti-democratic by Bernie Sanders...

    Senator Bernie Sanders attacked the decision on Friday, tweeting he was “disgusted by the idea that Michael Bloomberg or any billionaire thinks they can circumvent the political process and spend tens of millions of...

  • Bloomberg formally announces US presidential candidacy

    Michael Bloomberg confirmed Sunday that he is running for president, joining the crowded field of Democrats seeking to take on his fellow New York billionaire, President Donald Trump...

    “I'm running for president to defeat Donald Trump and rebuild America,” Bloomberg, 77, said on his website as a $30 million Bloomberg ad campaign hit US airwaves...

  • Democrats bare fangs at Michael Bloomberg in fiery debate

    Former New York mayor Michael Bloomberg endured a punishing assault in his debut Democratic presidential debate on Wednesday from rivals who savaged him for parachuting in late and throwing astronomical amounts of money at the race...

    US media magnate Bloomberg found himself targeted from the start, as candidates from Sanders to former vice president Joe Biden impugned the man whose sudden prominence in polling has scrambled the race...

  • Bloomberg to spend $100m in Florida to help Biden

    NEW YORK: Michael Bloomberg, who spent $1 billion of his own money on a failed 2020 presidential bid, will inject at least $100 million to help Democrat Joe Biden’s campaign against President Donald Trump in Florida...

    “Mike Bloomberg is committed to helping defeat Trump, and that is going to happen in the battleground states,” said Bloomberg adviser Kevin Sheekey, who added that the spending “will mean Democrats and the Biden...

  • Divestment of OGDC, PPL shelved over ‘low share price’

    ”The petroleum division of the Energy Ministry had opposed the divestment of 10 per cent shares of the Pakistan Petroleum Limited (PPL) and 7pc of the Oil and Gas Development Company Limited (OGDCL) because of low share price in the prevailing sluggish economic conditions...

    However, the petroleum division opposed the mode of transaction, saying both companies were profitable but current depressed share prices did not reflect their...

  • Pakistan asks Tehran to investigate, share details of Indian spy's time in Iran

    ISLAMABAD: Pakistan on Thursday asked Tehran to investigate and share details of Indian spy Kulbhushan Jadhav's activities in Iran, along with those of his colleague, who was identified as Research and Analysis Wing (RAW) Sub Inspector Rakesh alias Rizwan...

    com, signed by Federal Interior Secretary Arif Ahmed Khan, says Pakistan "expects Iran to seriously look at Islamabad's assertions and take every step to stem incursion of Indian...

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