Gas to overtake coal as world’s second largest energy source by 2030: IEA
China, already the world’s biggest oil and coal importer, would soon become the largest importer of gas and net imports would approach the level of the European Union by 2040, the IEA said
OPEC ready to balance oil market: official
ABU DHABI: The Organisation of the Petroleum Exporting Countries (OPEC) announced that its member countries are ready to meet global oil market needs...
PSX plunges 292 points amid lacklustre trading
KARACHI: It wasn’t the best start to the week for the investors at the Pakistan Stock Exchange (PSX), where bears remained dominant for...
Foreigners sold Asian equities in October on worries over trade, slowing growth
Data from regional stock exchanges showed foreigners sold a net total of $14.54 billion in Taiwan, South Korea, India, Thailand, Philippines, Indonesia, and Vietnam equities in the last month
In race to fill LNG supply gap, project goalposts have changed
But projects have struggled to find off-takers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy
Dollar nears 16-month high, sterling hit by Brexit uncertainty
The dollar index has strengthened four weeks in a row, gaining 0.4 percent last week
Asia shares gain ahead of key data; oil recovers
Japan’s Nikkei 225 added 0.2 percent to 22,284.23 and Hong Kong’s Hang Seng rose 0.5 percent to 25,716.59
Oil prices rise by 1 percent after Saudi announces December supply cut
The announcement came after crude prices declined by around 20 percent over a month, as supply has surged, especially by the top-three producers the USA, Russia and Saudi Arabia
Naeemuddin Khan resigns as BoP’s president
Mr Khan took over as President of BoP in Oct 2008 when it was besieged by the threat of bankruptcy and allegations of financial misappropriation to the tune of billions of rupees
Naqvi shouldn’t be blamed for Abraaj’s disintegration, says lawyer
Mr Naqvi’s lawyer Habib Al Mulla, executive chairman of Baker & McKenzie said the Abraaj scandal had inflicted “some damage” to Dubai’s reputation and raised fingers at the local regulators including DFSA
GE shares tumble below $9 as JP Morgan analyst cuts price target
GE shares, which were booted from the blue-chip Dow Jones Industrial Average earlier this year, have now slumped some 50 percent in 2018 alone
Oil falls 1 percent, U.S. crude on longest losing streak since 1984
Brent slumped about 3.6 percent for the week and more than 15 percent this quarter
Rupee sheds Rs0.82 against dollar, closes at Rs133.84 in inter-bank market
In the open market, the rupee closed trading at Rs134 against the dollar according to currency dealers
PSX registers minor gain amid lack of direction
Index manages to gain 21.50 points in a volatile trading session
KARACHI: Volatility continued for the second consecutive session at the Pakistan Stock Exchange (PSX)...
Asian stock markets sink after Wall Street rally fades
The Shanghai Composite Index lost 1.3 percent to 2,614.37 and Tokyo’s Nikkei 225 retreated 0.8 percent to 22,310.16