The company’s shares rose 2.3% to $113.12 after the bell and Nike also announced a new $18 billion class B stock repurchase plan. Affluent Americans remain largely unaffected by decades-high inflation and are splurging on higher-priced products. Helping Nike maintains a pandemic-induced boom in athletic wear sales. Nike’s net income fell to $1.44 billion, or … Read more
LAHORE: Carrefour has added a further Rs1 billion to its current investment of Rs9.5 billion in Pakistan with the inauguration of a new hypermarket in Gujranwala, a statement said. With the opening of its 10th store in Pakistan, Carrefour, owned and operated by UAE-based Majid Al Futtaim in Pakistan has expressed its great confidence in … Read more
KARACHI: United States Agency for International Development (USAID) director for the Office of Sindh and Balochistan Andrew Rebold and Sindh Secretary for Agriculture Parvez Ahmed Seehar participated in a closing ceremony of the US government-funded Pakistan Agricultural Technology Transfer Activity (PATTA), a statement said. The four-year programme increased agricultural yield through modern technologies designed to … Read more
Asian shares that were mostly higher on Monday has made optimistic views that the US and China may be edging closer to a trade deal. Japan’s benchmark Nikkei 225 surged 0.8 percent to 23,292.81, while Australia’s S&P/ASX 200 added 0.3 percent to 6,731.40. South Korea’s Kospi gained 1 percent to 2,123.50. Hong Kong’s Hang Seng … Read more
