China’s Chongqing to step up support for real economy
SHANGHAI: The sprawling southwestern Chinese city of Chongqing has introduced more measures to bolster the real economy amid growing pressure from Beijing...
US employers went on a surprising hiring spree in December
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week
Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers
Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs and counter its growing military and political influence in the Middle East
Drugmaker Bristol-Myers to buy Celgene in $74bn deal
NEW YORK:Â New York-based pharmaceutical giant Bristol-Myers Squibb announced on Thursday it will buy US biotech firm Celgene in a massive $74 billion...
China to continue assisting in Pakistan’s socio-economic development
BEIJING: China on Thursday said that it will “continue to provide assistance for economic and social development in Pakistan through trade, investment, and...
Dollar starts 2019 strong, safety bid lifts yen
The euro fell 0.9 percent against the U.S. dollar, following weak manufacturing data from Spain, France, Italy, and Germany
1,130 new companies registered in Dec 2018
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) registered 1,130 new companies in December.
As compared to the corresponding month of the last...
Factory activity in Asia weakens on China slowdown, trade disputes
China’s weakness spilled over to other Asian economies, with Malaysia’s manufacturing activity shrinking to its weakest pace of expansion since it launched the survey in 2012 and Taiwan contracting to its lowest since September 2015
SBP facilitates exporters by restoring advance payment facility
KARACHI:Â The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect advance payments up to $10,000 per invoice on behalf...
‘Govt must honour commitments made to business community’
BMG chairman says all measures taken till now have resulted in increasing the cost of doing business
KARACHI:Â Former Karachi Chamber of Commerce...
China factory activity shrinks for first time in over two years, 2019 looks tougher
In November, industrial output rose the least in nearly three years, while earnings growth at industrial firms fell for the first time in nearly three years
Dollar ends strongest year since 2015 on defensive note
The dollar index, which tracks the greenback versus six peers, was down 0.22 percent on Monday
China’s Xi, in New Year’s address, says pace of reform won’t ‘stagnate’
BEIJING: The pace of reform in China will not stagnate and it will open its door wider still to the outside world,...
‘Pakistan to tap non-traditional market of Latin America’
Commerce secretary says Pakistan has been making consorted efforts to restart negotiations on its bid for FTA with Mercosur countriesÂ
ISLAMABAD:Â The Ministry...
Dollar slips to four-month low vs. yen amid turmoil in Washington
The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency