Russia’s energy minister sees oil prices stabilizing in first-half 2019
Novak also said there were no proposals for an extraordinary meeting with OPEC, and he attributed the fall in oil prices to macroeconomic factors
China issues nationwide ‘negative’ investment list
Industries not on the list are open for investment to all and require no approval
Dollar slips to four-month low vs. yen amid turmoil in Washington
The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency
Japan stocks plunge, other Asia markets fall after US losses
The Nikkei 225 fell by an unusually wide margin of 4.8 percent to 19,189.00 and Shanghai Composite Index lost 2.3 percent to 2,469.28
China won’t resort to massive stimulus but more easing seen: central bank adviser
To ward off a sharp slowdown, China has unveiled a raft of policy measures this year, including four rounds of reserve requirement ratio cuts to boost lending, along with lower taxes and fees, and moves to fast-track infrastructure projects
Trump calls Fed ‘only problem’ in U.S. economy; markets slump
Stocks fell again on Monday amid concern about slowing economic growth, the government shutdown and reports that Trump had discussed firing Federal Reserve Chairman Jerome Powell, whom he has repeatedly criticised for raising interest rates
PSX closes in green amid volatility
KARACHI:Â The investors of the Pakistan Stock Exchange (PSX) witnessed a jittery ride on Monday as they waited for the verdict by the...
Markets far from merry as stock losses extend into seventh day
MSCI’s world equity index, which tracks shares in 47 countries, was 0.15 percent lower on the day and down almost 7 percent in the past seven sessions — its worst stretch of daily losses since January 2016
Noor Financial completes divestment of 1.35% stake in Meezan Bank
Earlier, this month Meezan Bank had informed the bourse of Noor Financial being in initial stages of talks with foreign institutional buyers to divest 5.96% of its shareholding in the bank
SEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
Gold rises as U.S. political uncertainty breeds risk-aversion
Spot gold was up 0.6 percent at $1,263.91 per ounce as of 0458 GMT. The metal had hit its highest since early July at $1,266.40 on Thursday
Asian shares mixed on US partial shutdown, Wall Street slump
South Korea’s Kospi dropped 0.2 percent to 2,058.19 while the Shanghai Composite index rose 0.1 percent to 2,519.71
Oil dips on oversupply concerns ahead of Christmas holidays
International benchmark Brent crude futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT
A decade-long rally on Wall Street looks like it’s ending
Stocks are now headed for their single worst month since October 2008, when the market was being battered by the global financial crisis
Trump has discussed firing U.S. Federal Reserve chairman Powell: Bloomberg
Global financial markets, including Wall Street stocks, had been hoping for a more dovish policy outlook and sold off broadly