IMF cuts global growth outlook, cites trade war and weak Europe
The IMF also cut its 2019 growth forecast for developing countries to 4.5 percent, down 0.2 percentage point from the previous projection and a slowdown from 4.7 percent in 2018
Gold steady as rising risk appetite offsets Fed pause views
Gold has risen more than 10 percent since touching 1-1/2-year lows in mid-August, mainly due to tumultuous equity markets and a softer dollar
Asian markets advance on optimism over China-US trade
The Shanghai Composite Index surged 0.7 percent to 2,615.46 and Hong Kong’s Hang Seng index climbed 0.6 percent to 27,262.01
Oil firms as China’s slowdown not as steep as some expected
International Brent crude oil futures were at $62.83 per barrel at 0259, up 13 cents, or 0.2 percent, from their last close
Economic zones to help reduce trade deficit: Khusro Bakhtiar
LAHORE:Â Federal Minister for Planning, Development and Reforms Makhdoom Khusro Bakhtiar Sunday said Pakistan was at present facing a trade deficit of $9...
30 companies invest $474m in Gwadar Free Zone
GWADAR: Around 30 companies have so far invested in the Gwadar Free Zone, with a direct investment of about $474 million, according...
Trump says deal ‘could very well happen’ with China
WASHINGTON:Â US President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was...
Efforts underway to bring foreign investment in GB: Gandapur
ISLAMABAD:Â Kashmir Affairs and Gilgit-Baltistan Minister Ali Amin Khan Gandapur on Saturday said efforts are underway to bring foreign investment in the tourism...
Nigeria seeks more trade with Pakistan
FAISALABAD:Â Nigerian High Commissioner to Pakistan Ashimiyu Adebayo Olaniyi has said that businessmen of Pakistan and Nigeria must collaborate in their relevant fields...
Asia stocks rise broadly on U.S.-China trade relief
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.55 percent. The index has gained 1.3 percent this week
Oil up 1 percent on OPEC cuts, hopes of easing Sino-U.S. trade tensions
International Brent crude oil futures were up 66 cents, or 1.1 percent, at $61.84 per barrel
Germany, China pledge to deepen pragmatic financial cooperation
Trade between the two nations has softened amid uncertainty caused by the U.S. tariff dispute with China, but both have shown willingness to demonstrate that the world remains multilateral
Nigerian envoy calls for more trade with Pakistan
The envoy said his country is blessed with oil & gas, minerals resources, agriculture products etc. and urged Pakistani exporters to strengthen bilateral trade relations for benefit of people of two countries
China confirms Vice Premier Liu to visit U.S. for trade talks January 30-31
Liu’s scheduled visit follows lower-level negotiations held in Beijing last week aimed at resolving a bitter trade dispute between the world’s two largest economies ahead of a scheduled March 2 escalation of U.S. tariffs on $200 billion worth of Chinese goods
Divided and riven by crisis, UK searches for Brexit ‘plan B’
If May fails to forge consensus, the world’s fifth largest economy will drop out of the European Union on March 29 without a deal or will be forced to halt Brexit, possibly even holding a national election or even another referendum