Economy

  Hong Kong stocks open 0.15 percent up

HONG KONG: Hong Kong stocks opened 0.15 percent higher Wednesday as investors shrugged off a weak lead from the US and European markets. The benchmark Hang Seng Index added 36.83 points to 24,726.24 in the first few minutes of trade....

  Dollar firms in Asia amid thin trade

TOKYO: The dollar firmed against major currencies in Asian trade on Wednesday, with its movements limited as many traders were off for the summer holiday season. The dollar fetched 102.29 yen in midday Tokyo trade, compared with 102.24 yen in New Yor...

  Oil prices extends losses

SINGAPORE: Oil prices extended losses in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015, while reporting a glut in global supplies despite conflicts in Iraq and Ukraine. US benchmark West Texas Inter...

  Oil prices down

SINGAPORE: Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate for September delivery eased 27 cents to $97.81 while Brent crude...

  Tokyo stocks open up 0.20 percent

TOKYO: Tokyo stocks opened 0.20 percent higher on Tuesday, tracking a gain in US markets, while a weak yen helped sustain exports-oriented shares. The benchmark Nikkei 225 index rose 29.98 points to 15,160.50 at the start. US stocks Monday finished h...

  Dollar extends gains in Asia

TOKYO, Aug 12, 2014 (AFP) -The dollar extended its gains in Asia on Tuesday, recovering from a sharp fall last week fuelled by Washington´s announcement that it had authorised air strikes in Iraq. The dollar strengthened to 102.29 yen in afternoon To...

  KSE-100 index sheds 500 points at the very outset

KARACHI: The stock market on Tuesday morning was seen heading to witness yet another worst day as the benchmark KSE-100 index went sliding down by 500 points at the very outset of trading to peg at 27, 564 marks, media reported. The market struck by ...

  Traders file petition against Imran Khan’s Azadi March

ISLAMABAD: The president of traders’ body has filed a petition in the Islamabad High Court (IHC) on Tuesday against Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s Azadi March in the federal capital on August 14, media reported. President of All Pa...

  Lahore: Petrol, CNG pumps reopen after three days

LAHORE: The citizens have heaved a sigh of great relief as petrol and CNG outlets after three consecutive days of forced closure started reopening, containers blocking the roads removed and traffic flow restored in the provincial capital city here on...

  Karachi stocks crash over political turmoil

KARACHI: Karachi Stock Exchange (KSE) on Monday, the first day of the week witnessed a huge crash over political turmoil with the ‘very go’ of the trading this morning, media reported. The investors were seen selling in panic their overbought shares,...

  Asian markets rebound as Iraq fears wane

HONG KONG: Asian markets opened up Monday following widespread falls last week as investors took heart from Wall Street shrugging off fears over instability in Iraq and Ukraine. Tokyo rebounded 2.26 percent in early morning trade, making up much of t...

  Oil prices higher amid Iraq focus

SINGAPORE: Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region, analysts said. US benchmark West Texas Intermediate for September deliver rose 32 ...

  Lahore petrol pumps closed for third day in a row

LAHORE: Petrol pumps in the provincial capital city here remained closed for the third consecutive day despite Punjab Law Minister, Rana Mashhood’s assurance on the contrary, media reported. The vehicle owners were seen running from pillar to post fo...

  McDonald’s July sales fall on China meat scandal

NEW YORK: McDonald´s suffered a drop in July sales after reports that it was using unsafe meat in China hit sales in Asia, the company said. Global comparable sales at the US fast-food giant dropped 2.5 percent, with sales in the Asia/Pacific, Middle...

  Judge rejects $324.5 million settlement over Apple, Google hiring

NEW YORK: Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each other's emp...

  Oil prices up after Obama authorises Iraq air strikes

SINGAPORE: Oil prices rose in Asia Friday after US President Barack Obama said he had authorised air strikes against militants in key crude producer Iraq. US benchmark West Texas Intermediate for September delivery rose 35 cents to $97.69 while Brent...

  CNG stations to remain shut on Saturday in Sindh

KARACHI: CNG stations will now remain closed on Saturday across Sindh. According to the CNG Association, SUI Southern has announced that CNG stations will remain closed in the province for three days during the week. SUI Southern changed the schedule...

  Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in Asia Thursday but remained under pressure over ebbing fears about armed conflicts around the world and concerns about weakening US demand, analysts said. US benchmark West Texas Intermediate for September deliver...

  Boeing, South African Airways to make jet fuel from tobacco

JOHANNESBURG: US planemaker Boeing has teamed up with South African Airways to develop jet fuel from a tobacco plant as part of efforts to cut carbon emissions and promote green energy in Africa's most advanced economy. The jet fuel will be made from...

  Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 27 cents to $97....


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