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$100 Bill hi-tech features & facts you might not know

$100 bill

The Federal Reserve today began circulating a new $100 bill with a modern design and smarter security with hi-tech features. New design $100 plagued by creasing, ink and printing issues since 2010 Federal Reserve now says all problems have been resolved Bills will roll out in armoured trucks across the U.S. today They have a new ribbon and changing color bell to thwart counterfeiters ... Read More »

China to unblock Facebook, Twitter and The nyt to boost its new free trade zone

free trade zone

China’s ambitious Shanghai Free Trade Zone is designed to welcome foreign investment and open up an attractive yuan-denominated financial sector to the rest of the world. But it’s hard to boast about free trade credentials behind the Great Firewall of China, so media outlets and social networks that are banned elsewhere in China will be available in the zone, the South ... Read More »

Karachi Stock Exchange KSE – faces massive decline of 551.48 pts

Karachi Stock Exchange KSE

KARACHI: The Karachi stock market witnessed a massive decline on Tuesday as decline in the local currency’s value against the dollar, futures rollover week and confusion over brokers’ net capital affected the investor sentiment. The Karachi Stock Exchange (KSE) 100-share index shed 551.48 points or 2.33 percent to close at 23,088.49 points as compared to previous session’s 23,639.97 points. The ... Read More »

Lessons From The Fall Of BlackBerry

BlackBerry

The implosion at BlackBerry (BBRY) has been stunning. Back in 2008, the company had a market value of over $80 billion. As of now, it’s only $4.3 billion. In fact, over the past three years, the company’s market share in North America plunged from about 70% to a meager 5% (according to IDC). OK, then what are the lessons?  Well, ... Read More »

Nokia’s phones & patents Acquired by Microsoft

nokia microsoft

So the deal that should have been done 2 years ago is at last completed: Microsoft MSFT is buying most of Nokia to take control of its smartphone destiny. The 5.44 billion euros ($7.2 billion) deal announced late Monday marks a major step in Microsoft’s push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop ... Read More »

1 million cockroaches escaped – China farm

cockroaches

At least one million cockroaches have escaped a farm in China where they were being bred for use in traditional medicine, a report said. The cockroaches fled the facility in Dafeng, in the eastern province of Jiangsu, for surrounding cornfields earlier this month after an “unknown perpetrator” destroyed the plastic greenhouse where they were raised, the Modern Express newspaper said. ... Read More »

Islamabad eyes biggest wheat imports in 5 years

wheat

Pakistan is set to become a net wheat importer this year with purchases climbing to the highest in five years after delayed planting and reduced fertilizer use hit domestic output and drove up local prices. The South Asian nation, which has been exporting wheat for the last three years, joins a growing list of countries that have seen production curbed, ... Read More »

Samsung overtake Apple as most profitable mobile maker

SAMSUNG-VS-APPLE2

Apple’s share of the smartphone market dropped in the second quarter to its lowest level in three years, research firm Strategy Analytics said. The share of the iPhone slipped to 13.6 percent in the quarter from 16.6 percent in the same quarter last year. The largest vendor Samsung Electronics, however, saw its share soar to over 33 percent from over ... Read More »

what we should call this begging or what ? – IMF

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ISLAMABAD: Despite obtaining a $5.3 billion bailout package from the IMF and multi billion dollars from other donors, Pakistan will be facing a financing gap of $1.2 billion during the current fiscal year that will result into drawing down of foreign current reserves continuously in 2013-14. Finance Minister Ishaq Dar and Jeffrey Franks, the head of the visiting IMF staff ... Read More »

Indian Rupee hits lifetime low of 57.54 vs dollar

Indian Currency

MUMBAI: The Indian rupee hit a record low on Monday, escalating worries about the country’s current account deficit and complicating the task of the central bank as it tries to loosen monetary conditions to spur an economic recovery. The Foreign investors have been heavy sellers in recent weeks of Indian debt, a key risk for a country that has come to depend ... Read More »