Economy

  Pakistani stocks end lower; rupee weakens

KARACHI: Pakistan’s main stock exchange closed lower on Friday with the benchmark 100-share index of the Karachi Stock Exchange fell 0.23 percent, or 61.45 points, to 27,002.89. Consolidation was seen today after market has gained 7 percent since beg...

  PM Nawaz summons CCI meeting on February 10

ISLAMABAD: Prime Minister Nawaz Sharif has summoned a meeting of Council of Common Interests (CCI) on February 10....

  Oil prices supported by dip in US distillate supplies

SINGAPORE: Oil prices edged higher in Asian trade Friday as a surprisingly sharp decline in US distillate supplies last week buoyed forecasts of stronger demand in the world´s top crude consumer, analysts said. New York´s main contract, West Texas In...

  Dollar edges up in Asia after New York sell-off

TOKYO: The dollar edged up against the yen in Asia on Friday after plunging on weak Chinese data which sparked worries over emerging markets. In Tokyo afternoon trade, the dollar fetched 103.44 yen, up from 103.34 yen in New York Thursday afternoon b...

  Hong Kong stocks down 0.93 percent at open

HONG KONG: Hong Kong shares opened 0.93 percent lower on Friday following heavy losses on Wall Street that were fuelled by data showing a contraction in Chinese manufacturing activity. The benchmark Hang Seng Index fell 211.46 points to 22,522.44 in ...

  Night shift work dangerous for human health: research

LONDON: Working night shifts is, totally, detrimental to the human health, as it speedily damages DNA equilibrium in human bodies. According to a mega research study conducted by the University of Surrey, U.K., not only does irregular shift work have...

  Asian shares lower after weak China data

HONG KONG: Markets across Asia fell Thursday as investors were spooked by data showing Chinese manufacturing activity shrank in January for the first time in six months. Regional markets were also given a soft lead from Wall Street, which ended mixed...

  Dollar edges down in Asia ahead of US jobs, housing data

TOKYO: The dollar edged down in Asia Thursday ahead of closely watched US jobless claims and housing data which investors will look to for clues about the strength of the world´s largest economy. The greenback bought 104.35 yen in Tokyo afternoon tra...

  Oil prices hit by profit-taking in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday as investors locked in profits after they hit their highest levels this year on forecasts of stronger demand. Analysts said traders would be watching closely a meeting next week by the US Federal Re...

  Negative rate of return eroding savings: Mian Shahid‏

Chairman UIG congratulates management for upgraded PACRA ratingMasses asked to invest money instead of stashing in the bankHoarding of money impeding growthIslamabad: Masses should consider taking out their savings from banks and invest their savings...

  Tokyo stocks up 0.24 percent by break

TOKYO: Tokyo stocks rose 0.24 percent Thursday morning after a mixed session on Wall Street and as the yen turned lower. The benchmark Nikkei-225 index gained 37.61 points to 15,858.57 by the break, while the Topix index of all first-section shares s...

  MCP abolishes illegal Suzuki stand

PESHAWAR: Following the orders of high court Municipal Corporation Peshawar (MCP) abolished illegal Suzuki stand at Bacha Khan Chowk and deployed staff of the civic body at the place. According to details on the orders of high court MOR Shahid Iqbal ...

  Tokyo stocks open 0.30 percent lower

TOKYO: Tokyo stocks opened 0.30 percent lower on Wednesday, tracking a lacklustre performance on Wall Street. The Nikkei-225 index slipped 46.95 points to 15,749.01 at the start. Investors are waiting for the outcome of the Bank of Japan´s two-day po...

  Oil prices extend gains in Asia

SINGAPORE: World oil prices extended gains in Asian trade Wednesday as investors cheered the IMF´s upbeat forecast for global growth this year, which is expected to boost demand. New York´s main contract, West Texas Intermediate (WTI) for March deliv...

  IEA raises forecast for global oil demand in 2014

PARIS: Global oil demand will rise faster than expected this year, the IEA forecast on Tuesday, reporting that consumption accelerated at the end of 2013 as advanced economies led by the United States recovered. But growth of Chinese demand slowed do...

  Yen weakens in Asia as BoJ meet starts

TOKYO: The yen weakened in Asia on Tuesday with a Bank of Japan (BoJ) two-day meeting in focus as investors wait to see if policymakers unveil fresh measures as part of its stimulus programme. In Tokyo morning trade, the dollar rose to 104.58 yen, fr...

  Tokyo stocks open up 0.44 percent

TOKYO: Tokyo stocks opened 0.44 percent higher on Tuesday, rebounding from the previous day´s drop as the yen´s rise against the dollar took a breather. The Nikkei 225 index, which fell 0.59 percent on Monday, was up 69.21 points to 15,710.89 at the ...

  Oil prices down in Asian trade

SINGAPORE: Crude prices dipped in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran´s disputed nuclear programme came into force. The US benchmark contract, West Texas Intermediate for delivery in February, was do...

  Ahsan Iqbal says Pakistan not to accept US aid with strings

ISLAMABAD: Ahsan Iqbal, Minister for Planning and Development, has stated that Pakistan is a sovereign country and will not accept US aid with strings. This he said while talking to journalists here Tuesday.Ahsan Iqbal said the US and Pakistan should...

  Cabinet approves Mou with India for trade of electricity

ISLAMABAD: The cabinet gave its consent to the signing of a number of memorandums of understanding (MoUs), including ex-post facto approval for MoU with M/S Norinco International (People’s Republic of China) on energy and mass transit projects and ap...


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Feature / Analysis

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