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Business

Cocoa prices at highest level since 1978

New York, Nov 11 (IANS) Cocoa prices topped $4,000 per tonne in New York on Friday, the highest since 1978, as the outlook of poor crop harvests across West Africa has been a bullish factor pushing prices higher this week.There is also an increasing risk that El Nino-induced weather disturbances could cause the global cocoa market to sink into a…
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Business

BSE posts 4-fold jump in Q2 net profit

Mumbai, Nov 11 (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year. The exchange had made anet profit of Rs 29.4 crore in…
Business

US one step closer to losing last AAA credit rating

New York, Nov 11 (IANS) The US is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative.While the move does not automatically mean it will downgrade the…
Business

Pakistan stock market hits all-time high

Karachi, Nov 11 (IANS) The Pakistan Stock Exchange (PSX) had jumped past the 55,000 barrier, setting a new milestone.On Friday, the benchmark KSE-100 index reached an intraday high of 55,506.32 points, Geo News reported.According to Arif…