India seen making sixth interest rate cut, but no cure for economy’s ills

MUMBAI: Five interest rate cuts since the start of the year hasn’t stopped India’s economy from slowing to its weakest growth rate since...

Oil steadies as Riyadh pushes for further supply cuts

LONDON: Oil prices steadied around $61 a barrel on Tuesday as rising expectations of deeper output cuts from OPEC and its allies were...

Trump says China trade deal might have to wait for 2020 election

LONDON: US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in...

US factory sector contracts again in November

The US economy's manufacturing sector contracted for a fourth straight month in November as new order volumes slid back to around their...

Saudi Aramco IPO’s institutional tranche more than twice oversubscribed

RIYADH: Institutional investors have put in 144.1 billion riyals ($38.4 billion) worth of bids for Saudi Aramco’s planned initial public offering (IPO), equivalent...

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

DUBAI/LONDON/MOSCOW: OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until...

China to use drug bulk-buy programme to close price gap

BEIJING: China will use its national drug bulk-buy scheme to lower the price of drugs currently sold at higher prices compared with...

Malaysia to examine ringgit’s fall as import costs sting: Mahathir

KUALA LUMPUR: Malaysia's government will discuss a depreciation of the ringgit that is making imports more expensive and raising living costs, Prime Minister...

International stocks to outperform US in 2020: investors

NEW YORK: Even though the US stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly...

‘Tesla move will draw further companies into Germany’

FRANKFURT: Tesla's announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric...

China’s factory activity unexpectedly returns to growth in Nov

BEIJING: Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked...

US weighs new regulations to further restrict Huawei suppliers

WASHINGTON: The US government may expand its power to stop more foreign shipments of products with US technology to China’s Huawei, amid frustration...

Mukesh Ambani gears up to buy Air India

The BJP government is all set for a second attempt to sell India's national carrier Air India and Mukesh Ambani-led Reliance Industries...

Saudi Aramco IPO gets $44.3bn in bids so far

RIYADH: Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting...

BMW, Great Wall to build new China plant for electric cars

MUNICH: BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000...

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FBR proposes up to Rs40,000 tax for shopkeepers

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a maximum Rs40,000 fixed tax for shopkeepers, Pakistan Today has learnt. As per the documents, the tax...

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KSE-100 sheds 133 points in range-bound session

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday where indices ended negative after range-bound activity. Foreign investors offloaded...