Thursday 17 May 2012
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Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.
ISLAMABAD: Pakistan’s foreign exchange reserves rose to $16.51 billion in the week ended March 30, from $16.44 billion in the previous week, the State Bank of Pakistan (SBP) said on Thursday.
SINGAPORE: Oil recovered in Asian trade Thursday after sharp overnight losses triggered by a larger-than-expected jump in US crude stocks, analysts said.
LONDON: Gold prices fell more than 1 percent to their lowest in nearly three months after minutes from the US Federal Reserve’s March meeting suggested a fresh round of monetary stimulus was unlikely as the US economy gradually improves.
SAN FRANCISCO: Facebook fired back on Tuesday in its legal battle with Yahoo by accusing the Web pioneer of infringing 10 of Facebook’s patents, according to a court filing.