China’s November export, import growth shrinks; surplus with U.S. record high
China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month
Uzbekistan targets $1 billion bilateral trade with Pakistan in next five-six years
The ambassador said Uzbekistan was desirous of signing a free trade agreement with Pakistan that could boost trade up to the real potential of both countries
Asia oil and LNG markets are both swamped, so why are prices poles apart?
Oil markets moved from backwardation in October into contango from November due to an emerging glut & LNG markets are also clotted, with several tankers storing the fuel sitting off the region’s energy trading hub of Singapore
Dollar struggles on Fed pause talk ahead of jobs data
The dollar index, which measures the greenback against a basket of six major peers, was virtually flat at 96.802
Asian shares rise on Wall Street gains amid trade friction
Japan’s benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia’s S&P/ASX 200 gained 0.5 percent to 5,685.50 in early trading
Oil drops as OPEC makes supply cut dependent on Russian support
Oil producers have been hit by a 30 percent plunge in crude prices since October as supply surges just as the demand outlook weakens amid a global economic slowdown
‘Pakistan desirous of forging close trade ties with Africa’
ISLAMABAD: President Dr Arif Alvi said on Thursday Pakistan was desirous of forging close trade, commercial and investment ties with the African continent.
Talking...
Following Volkswagen, Pakistan desires more investment from Germany
ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi on Thursday welcomed the German automaker Volkswagen’s decision to start manufacturing vehicles in Pakistan.
He also invited...
US trade deficit hits 10-year high in October
WASHINGTON: The US trade deficit hit a 10-year high in Oct 2018 as Americans used a stronger dollar to snap up record imports,...
‘French investors keen to explore opportunities in Pakistan’
French Ambassador Marc Barety said that the French businessmen are willing to explore different sectors of Pakistan’s economy for investments.
Talking to Senate’s...
Gold gains as risk aversion weighs on dollar
Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce
Huawei founder’s daughter arrested on U.S. request, puts trade war truce in doubt
Huawei confirmed the arrest in a statement and said that it has been provided little information about the charges, adding that it was “not aware of any wrongdoing by Ms Meng”
Asian shares skid as Huawei CFO arrest revives trade jitters
Hong Kong’s Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan’s benchmark Nikkei 225 fell 2.1 percent to 21,435.96
Food industry suffers amid centre, provinces tussle
ISLAMABAD: The creation of various food authorities and subsequent enforcement of different laws by provinces have started impacting interprovincial trade across the country.
As...
CPEC must be materialised without further delay: Sartaj Aziz
'A knowledge corridor under CPEC will help Pakistan bridge the gap between artificial intelligence and technology'
ISLAMABAD: Former finance minister Sartaj Aziz has said...