Pakistan's Japanese-dominated car market poised for new entrants

Pakistan's Japanese-dominated car market poised for new entrants

AFP Pakistan's car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix. Despite heavy taxation on imported vehicles, enthusiasm for owning a car in Pakistan has remained undented -- thanks in part to underdeveloped public transport in the country's sprawling cities, but also the social status…

Australian Markets

  • Aussie shares close higher AAP - Fri, Jul 31, 2015 4:19 PM AEST

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Stocks to watch at noon on Friday AAP - Fri, Jul 31, 2015 12:12 PM AEST

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Stocks to watch at close on Tuesday AAP - Tue, Jul 28, 2015 4:20 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Stocks to watch at noon on Thursday AAP - Thu, Jul 23, 2015 12:04 PM AEST
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange at noon on Thursday: CIM - CIMIC - up 30 cents, or 1.28 per cent, at $23.66 Construction giant CIMIC says it remains on track to meet its its full year ...

  • Aust shares close flat AAP - Fri, Jul 17, 2015 4:17 PM AEST

    Australian shares have finished flat as all eyes turn to a meeting of central bankers in Jackson Hole, Wyoming.

  • Merck board OKs additional $10 billion stock buyback plan Associated Press - Wed, Mar 25, 2015 8:36 AM AEDT

    Merck & Co. says its board approved the repurchase of up to $10 billion more of its stock. The drugmaker said Tuesday that amount will be added to the $1.7 billion remaining available for repurchase under ...

  • Whiting and McCormick are big market movers Associated Press - Wed, Mar 25, 2015 7:39 AM AEDT

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Whiting Petroleum Corp., down $7.48 to $30.91 The oil and gas company priced a ...

  • Ahead of the Bell: Chesapeake Energy shares stage rally Associated Press - Wed, Mar 25, 2015 12:27 AM AEDT

    When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider ...

  • European stocks rise in opening deals AFP - Fri, Mar 20, 2015 10:18 AM AEDT
    European stocks rise in opening deals

    Europe's main stock markets advanced at the start of trade on Friday, with London's benchmark FTSE 100 index up 0.27 percent at 6,981.23 points. Elsewhere, Frankfurt's DAX 30 index added 0.36 percent to ...

  • GoDaddy plans to raise as much as $418 million in IPO Associated Press - Fri, Mar 20, 2015 7:48 AM AEDT

    GoDaddy, the Web hosting company known for its racy Super Bowl commercials, said Thursday that it hopes to raise as much as $418 million in an initial public offering. GoDaddy said in June that it was ...

 

Company Finances

  • Hitchhiking robot's cross-country trip in US ends in Philly Associated Press - 2 hours 39 minutes ago
    Hitchhiking robot's cross-country trip in US ends in Philly

    A hitchhiking robot that captured the hearts of fans worldwide met its demise in the U.S. The Canadian researchers who created hitchBOT as a social experiment told The Associated Press that someone in ...

  • Pakistan's Japanese-dominated car market poised for new entrants AFP - 10 hours ago
    Pakistan's Japanese-dominated car market poised for new entrants

    Pakistan's car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix. Despite heavy taxation on imported vehicles, enthusiasm for owning a car in Pakistan has remained undented -- thanks in part to underdeveloped public transport in the country's sprawling cities, but also the social status it brings. Toyota, Suzuki and Honda car assembly plants already work around the clock in the southern port city of Karachi and eastern Lahore -- yet customers can still wait for up to four months for new vehicles to be delivered.

  • Dodge Chargers recalled; door slam can make air bags inflate Associated Press - 11 hours ago

    Fiat Chrysler is recalling more than 322,000 sedans worldwide because side air bags can inflate if doors are slammed too hard. The recall covers certain Dodge Chargers from the 2011 to 2014 model years, ...

  • Some Midwest farmers' crops falter in record rains Associated Press - 15 hours ago
    Some Midwest farmers' crops falter in record rains

    Weeks of record rainfalls drenched Don Lamb's cornfields this summer, drowning some plants and leaving others yellowed, 2 feet tall and capable of producing little, if any, grain. The 48-year-old central ...

  • Mexico state: Indians approve embattled wind power project Associated Press - Sat, Aug 1, 2015 10:37 AM AEST

    Residents of a heavily Indian area have approved the installation of a huge wind power project in the Isthmus of Tehuantepec in southern Mexico, the Oaxaca state government said Friday. The proposed construction ...

  • ARMOUR Residential REIT, Inc. Announces Effectiveness of Reverse Stock Split GlobeNewswire - Sat, Aug 1, 2015 7:02 AM AEST

    VERO BEACH, Fla. -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today announced the effectiveness of its previously disclosed one-for-eight ...

  • Seneca Foods posts 1Q profit Associated Press - Sat, Aug 1, 2015 6:36 AM AEST

    The Marion, New York-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring gains, were 19 cents per share. The fruit and vegetable company posted revenue of $226.3 ...

  • Seneca Foods Reports Net Earnings of $3.0 Million for the Quarter Ended June 27, 2015 GlobeNewswire - Sat, Aug 1, 2015 6:15 AM AEST

    MARION, N.Y., July 31, 2015-- Seneca Foods Corporation reported for the first quarter of 2016, net earnings of $3.0 million, or $0.29 per diluted share, compared to a net loss of $0.1 million, or$ per ...

  • US Postal Service Issues Fanciful Flowers Stamped Card GlobeNewswire - Sat, Aug 1, 2015 4:11 AM AEST

    A high-resolution image of the stamped card is available for media use only by emailing roy.a.betts@usps.gov

  • Photo Release -- Triumphant Return for Patrick Cudahy(R) "Race for the Bacon" GlobeNewswire - Sat, Aug 1, 2015 3:34 AM AEST

    CUDAHY, Wis. -- The fourth-annual Patrick Cudahy(R) "Race for the Bacon" 5k Run and Walk made its triumphant return yesterday, and everyone at the race was a winner. Patrick Cudahy, a brand of ...