Economy

  Dollar dips after Wall Street rally

TOKYO: The dollar edged back against the yen in Asian trade Thursday after surging to a near four-month high in US trade in response to forecast-beating US economic growth data. In early trade in Tokyo the greenback bought 102.78 yen, compared with 1...

  Oil prices fall further in Asia

SINGAPORE: Oil prices fell further in Asia Friday following a sell-off on Wall Street and concerns about unplanned refinery shutdowns in the US midwest, analysts said. US benchmark West Texas (WTI) Intermediate for September delivery eased 19 cents t...

  No loadshedding for a week on Eid: KE

KARACHI: K-Electric has announced that it will not resort to electricity loadshedding in the metropolis for next one week starts from Chand Raat. According to the K-Electric spokesperson, the company has decided to provide continuous electricity duri...

  Asylum-seekers held at sea likely economic migrants: Australia

SYDNEY: A group of 157 asylum-seekers held for weeks on the high seas on an Australian customs vessel were likely economic migrants from India, Immigration Minister Scott Morrison said Monday. "The indications are... that there are a very large numbe...

  Dollar flat in Asia ahead of key data, Fed meeting

TOKYO: The dollar moved narrowly in Asia Monday as simmering geopolitical tensions capped activity while investors look to a slate of US data and a Federal Reserve policy meeting later this week. In Tokyo late morning trade, the greenback was quoted ...

  Asian stocks up ahead of US jobs data

HONG KONG: Asian markets extended recent gains Monday as investors awaited the release of key US jobs data at the end of the week, while Shanghai surged after China approved three private banks as part of an economic reform drive. The euro struggled ...

  Geneticists offer clues to better rice, tomato crops

PARIS: Scientists on Sunday laid bare the genetic codes of African rice and a type of wild tomato, data they said should help breed more resilient crops. Teams detailed the genome sequences of the two plant species in separate papers in the journal N...

  No CNG loadshedding during Eid in Sindh

ISLAMABAD: Similar to Punjab, there will be no loadshedding of CNG during Eid-ul-Fitr in Sindh province. According to Sui Southern Gas Company (SSGC) officials, supply of gas to CNG stations will be ensured during five consecutive days in the next we...

  Khurho says electricity shortfall is artificial, blames center

KARACHI: Senior Provincial Minister Nisar Khurho says the Federal Government is repeating its past mistakes by creating an artificial shortfall of electricity in Sindh. In his statement Khurho alleged that the ruling PML-N was taking revenge from the...

  PPP to stage sit-in outside K-Electric office on Sunday

KARACHI: The Pakistan People’s Party has decided to stage a sit-in outside the office of K-Electric on Sunday against power failures. Sindh Information Minister Sharjeel Memon said that people of Karachi would not be left on the mercy of the K-Electr...

  Karachi: Second major power breakdown in 24 hours

KARACHI: The citizens in most parts of the city had to spend yet another sleepless Friday night without power twisting and turning in their beds as the city suffered second major breakdown within 24 hours, media reported.Earlier, the port city had pl...

  OGRA recommends increase in POL prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products. The recommendation calls for a Rs1.34 increase in the per litre price of petrol and Rs0.34 in the price of diesel. The recommendati...

  Sindh power outages mar pleasant weather after rain

KARACHI: Most parts of the city after light rain went out of power and water supply, as high tension line reportedly tripped Friday early morning, media reported.Areas affected by power outages include Defence, North Karachi, Gulshan-e-Iqbal, Gulista...

  Fire breaks out at national grid station, power supply suspended

JAMSHORO: Power supply to Hyderabad, Mirpurkhas, Jamshoro and other areas was suspended after fire erupted in national grid station, Jamshoro, media reported. WAPDA sources said the fire broke out in the grid station due to short circuit. As a result...

  Asian stocks mixed while euro recovers

HONG KONG: Asian markets were mixed Friday following another record on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows. Investors were still upbeat after Thursday´s strong manufacturing data from C...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing data from China, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery dipped 11 cents to $101.96 a ba...

  Dollar steady in Asian trade

TOKYO: The dollar held steady in Asia Thursday with currency markets little moved by weak Japanese trade data and upbeat manufacturing figures out of China. In afternoon Tokyo trade, the dollar fetched 101.45 yen, against 101.48 yen in New York late ...

  Asian shares extend gains on Wall St rally, euro sinks

HONG KONG: Asian markets rose Wednesday, adding to the previous day´s rally, following a positive lead from Wall Street while concerns over the Ukraine air crash crisis ease. The euro was wallowing at multi-month lows against the dollar and yen as th...

  Euro at multi-year lows against dollar, yen

TOKYO: The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.In late afternoon Tokyo trade,...

  Asian shares boosted by China manufacturing data

HONG KONG: Asian markets rose Thursday as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world´s number two economy, as concerns over the Ukraine crisis eased. The euro avoided any further losses after...


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Feature / Analysis

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