Oil prices decline, as US crude output soars
SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on...
Asian stocks rally falters, after Wall Street shares lose steam
TOKYO: Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the...
Embattled Abraaj faces another blow as CFO exits
DUBAI: The chief financial officer of Dubai-based Abraaj Holdings said he had left the embattled private equity company.
Two other senior executives are...
Market Daily: Cements, E&Ps push KSE 100 by 400 points
LAHORE: The Pakistan Stock Exchange (PSX) had a lazy start to the week with narrow volumes. With lawmakers playing the number game...
Pakistan rupee due for another round of devaluation
ISLAMABAD: Jon Scheiber, CEO and partner at Tundra Fonder believes the Pakistani rupee is due for another round of devaluation and said...
Asian shares rise, after US jobs data impresses
SYDNEY: A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its...
Oil prices jump, as U.S drilling activity falls
SINGAPORE: Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production...
Cash is far from dead and use is rising: BIS
LONDON (Reuters): Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza...
Trade war with US to devastate global economy: China
BEIJING: China’s commerce minister said on Sunday that Beijing and Washington are still holding economic talks. He warned that a trade war would harm...
Pak businesses should get benefits from special economic zones under CPEC: Chinese Ambassador
ISLAMABAD: Ambassador of China to Pakistan, Yao Jing has said that the business community of Pakistan should get benefits from special economic...
SBP injects Rs1,141.7bn into money market
KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs1,141.7 billion into money market for seven days as reverse repo through its...
Federal govt to table budget on April 27: Miftah
ISLAMABAD: Advisor to Prime Minister on Finance, Miftah Ismail has said that the federal government would present the budget for the fiscal...
Market Daily: KSE 100 slips below 43,000
LAHORE: The Pakistan Stock Exchange (PSX) had another rough trading session where the indices shed gains and investors lost profits. Foreign investors...
Exports achieve 16.5 pc growth, set to contribute 0.8 pc to GDP
ISLAMABAD: According to officials at the Ministry of Commerce, exports which had been increasing since June 2017 have continued the trend during February 2018...
PPL discovers hydrocarbons in Adhi South, Rawalpindi district
LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Pakistan Petroleum Limited (PPL) notified the bourse that the company has...