Asia’s oil refiners rush to deal with U.S.-China trade war, looming Iran sanctions
As part of a wave of retaliation for Friday’s U.S. tariffs, China has threatened a 25 percent duty on imports of U.S. crude. Meanwhile, Washington’s new sanctions against Tehran are due to kick in from November
Samsung profit growth slows on smartphone weakness
Samsung shares are down about 12 percent this year on concerns over slowing profit growth and a lack of technological innovation to drive smartphone sales
Asian stocks wobble as Sino-U.S. trade war begins
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower, pulling back from a modest early rise. The index has lost near 9 percent since June 7
Oil dips in nervous trading as U.S.-China trade war looms
Brent crude futures fell 25 cents, or 0.3 percent, to $77.14 per barrel by 0317 GMT from their last close
Violating banking rules, FBR withdraws Rs2 billion from PRA’s bank accounts
The Punjab government is going to take the matter up with the State Bank of Pakistan (SBP) and the federal government
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Customs in a jumble as stolen vehicles from Japan worth Rs200m await final decisionÂ
ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and...
Trade war could hurt these economies far more than U.S., China
It reveals countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable to the risk of a trade spat than the two currently front and centre
China warns U.S. ‘opening fire’ on world with tariff threats
U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soy beans to coal
Asian markets mixed as countdown to US-China tariffs begins
Japan’s Nikkei 225 index fell 0.8 percent to 21,544.54 and the Shanghai Composite index dropped 0.9 percent to 2,734.77
Oil declines as Trump calls OPEC to cut prices
Brent crude futures were at $77.68 per barrel at 0405 GMT, down 56 cents, or 0.7 percent, from their last close
Response to tax amnesty scheme remains muted: Report
According to figures of the State Bank of Pakistan (SBP), initial estimates for April 10th to June 30th reveal Pakistani’s paid $290 million in taxes on nearly $6 billion of declared assets
‘Agriculture in Europe to decline as Asian output grows’
PARIS: Agricultural production in Western Europe is set to decline over the coming decade, with output in Africa and Asia expected to...
Gold prices rise to one-week high, as softer U.S. dollar supports buying
A weaker greenback supports bullion as the dollar-priced commodity becomes less expensive for investors holding other currencies
China’s yuan sharply rises against dollar but stock markets unconvinced
The yuan had its worst month on record in June, losing about 3.3 percent of its value against the greenback, and the slide continued on Monday, the first trading day of July