Oil prices rise on Iran sanctions, but U.S.-China row mutes’ trading
Brent crude oil futures were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 percent, from their last close
Dollar holds gains after U.S.-China trade talks, focus shifts to Fed
The dollar index, which measures the greenback’s performance against six major currencies, was basically flat on Friday, trading at 95.656. It rose more than half a percent, snapping a losing streak that started last week
Alibaba revenue beats estimates, but investments prolong margin squeeze
April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.
Pakistani’s offshore accounts data set to be accessible from 1st September
As many as $64 million have been remitted to Pakistan under the recently concluded tax amnesty scheme
U.S. oil extends gains after crude inventories fall
U.S. commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday
Aramco listing plan halted, oil giant disbands advisors – sources
The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries Corp, two of the sources said
Oil firm on tighter U.S. outlook, but strategic reserve release caps market
International Brent crude oil futures were down 9 cents, at $72.12 a barrel
Dollar broadly lower after Trump remarks
The greenback slipped after Trump said in an interview on Monday that he was “not thrilled” with Powell’s raising of interest rates
PTI govt faces daunting challenge to meet its Rs8 billion tax collection target
The slashed income tax rates incorporated by the previous government would make it difficult for the FBR to achieve budgetary targets set for FY19 due to the recent changes has effectively exempted 1.2 million out of 1.4 million taxpayers, as per their projections
Sale of refrigerators, deep freezers up by 15 to 20pc
KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul...
Market Daily: PM gets cold welcome from PSX as stocks end flat
LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom,...
PepsiCo to acquire Sodastream for $3.2 billion
Under the terms of the agreement between PepsiCo and SodaStream, PepsiCo has agreed to acquire all of the outstanding shares of SodaStream International Ltd. for $144.00 per share, in a transaction valued at $3.2 billion. The transaction will be funded with PepsiCo's cash on hand
Dollar little changed ahead of anticipated U.S.-China talks
On Monday, the dollar index traded in a narrow range between 96.103 and 96.219, not far off 96.096 touched on Friday, its lowest level since Aug. 10
Turkish lira crisis poses additional risk to German economy: finance ministry
The Turkish lira has lost nearly 40 percent of its value against the dollar this year, hit by a worsening diplomatic rift with the United States and by investor alarm about President Tayyip Erdogan’s influence over monetary policy
Oil prices edge down on worries over slowing economic growth
Brent crude futures, which act as a benchmark for international oil prices, were at $71.59 per barrel at 0413 GMT, down 24 cents, or 0.3 percent, from their last close