Intel close to deal to buy Altera for $16bn

NEW YORK: Intel Corp. has resumed negotiations to buy smaller chip maker Altera Corp. and is close to a $16 billion acquisition agreement, people familiar with the matter said.

Karachi stocks index rises 0.9%; rupee weakens

KARACHI: Pakistani stocks ended higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange up 0.90 percent, or 293.31 points, to close at 33,056.79.

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