Economy

  Hong Kong stocks 0.27 percent lower at open

HONG KONG: Hong Kong stocks dipped 0.27 percent in the opening exchanges Tuesday, ahead of a US Federal Reserve policy meeting and as investors keep an eye on the unfolding crisis in Iraq. The benchmark Hang Seng Index dipped 63.04 points to 23,237.6...

  Asian shares mostly lower on growing Iraq crisis

HONG KONG: Asian markets were mostly lower on Monday as a positive lead from Wall Street was trumped by fears over the growing crisis in Iraq that has sent oil prices to nine-month highs. The uncertainty fuelled by the insurgency that has seized a sw...

  Crude prices rise in Asia on Iraq violence

SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening crisis in Iraq, where insurgents were advancing on the capital Baghdad. US benchmark West Texas Intermediate for July delivery jumped...

  Yen firms in Asia on Iraq, Ukraine jitters

TOKYO: Traders bought the yen on Monday in Asia as fears grow about violent unrest in Iraq and possible gas supply disruptions in Europe tied to the Ukraine crisis. In Tokyo midday trading, the dollar weakened to 101.86 yen compared with 102.04 yen i...

  6,000 Mexican kids repatriated after illegal border crossings

MEXICO CITY: More than 6,000 Mexican children and teens who crossed unaccompanied and illegally into the United States were repatriated in the first four months of this year, Mexican officials said Saturday. In nearly all cases, the children had alre...

  West to pursue oil investments in Russia despite Ukraine crisis.

MOSCOW: Energy chiefs and political titans gather in Moscow this week for a major conference that will highlight the West´s desire to pursue oil investments in Russia despite the Ukraine crisis. With oil prices hitting nine-month peaks on Friday owin...

  Rs404.80 billion Khyber Pakhtunkhwa budget presented

PESHAWAR: The Khyber Pakhtunkhwa government on Saturday presented Rs404.8 billion budget for 2014-15. The provincial Minister for Finance Sirajul Haq presented the budget at KP Assembly amid protest from opposition benches. Below are the salient feat...

  Qaim Ali Shah presents Rs686 billion outlay Sindh budget

KARACHI: Sindh Chief Minister Qaim Ali Shah on Friday presented budget proposals for the fiscal year 2014-15. During his budget speech in the Sindh Assembly, he said that outlay of the budget would be Rs686 billion. The Sindh government has announced...

  Punjab presents budget for fiscal year 2014-2015

LAHORE: Punjab Finance Minister Mujtaba Shujur Rehman on Friday presented budget for 2014-2015 financial year with an outlay of Rs 1033.70 billion amid protest from the opposition benches. Amid uproar, the finance minister proposed 10 percent increas...

  Yen edges down in Asia after BoJ holds fire on easing

TOKYO: The dollar edged up against the yen Friday after the Bank of Japan (BoJ) stood pat on its stimulus programme, partially reversing a sell-off in New York fuelled by fears over the growing crisis in Iraq. In afternoon Tokyo trading, the dollar s...

  Asian shares mostly down, focus on Iraq crisis

HONG KONG: Asian markets mostly fell Friday, following another Wall Street sell-off as oil prices shot up to a nine-month high on concerns about the growing crisis in Iraq. Assets considered safe options in times of uncertainty also benefited, with g...

  Crude prices up as militants close in on Baghdad

SINGAPORE: Crude prices on Friday extended the previous day´s rally to sit at nine-month highs after militants closed in on Iraq´s capital Baghdad, fuelling fears over supplies from the major crude producer. US benchmark West Texas Intermediate advan...

  Sindh cabinet approves 2014-15 budget proposals

KARACHI: The Sindh cabinet has approved the provincial budget proposals for fiscal year 2014-15. The provincial cabinet meeting was chaired by Chief Minister Qaim Ali Shah. The provincial budget has allocated 30 per cent for education. Sindh Educatio...

  Ramazan relief package announced

ISLAMABAD: The relief package has been announced for the holy month of Ramazan and will be applicable from June 23. According to a spokesman for utility stores, there will be 5-10 per cent decrease in the price of over 1,500 items. The price of oil, ...

  Edibles at discounted rates at utility stores from June 28

KARACHI: Food items will be made available at Utility Stores at discounted rates for the holy month of Ramazan from June 28. In order to give relief to the people in the holy month of Ramazan around 1000 items will be made available at Utility Stores...

  Dollar edges up against yen in Asia after US tumble

TOKYO: The dollar inched up against the yen in Asia Thursday after tumbling in New York as the Bank of Japan kicks off a policy meeting and investors look ahead to the release of US data, but geopolitical tensions capped gains. In midday Tokyo tradin...

  Asian shares slip as Wall St records streak ends

HONG KONG: Markets sank in Asian trade Thursday as Wall Street´s record-breaking streak came to an end, while Tokyo was hit by a stronger yen as investors look ahead to a Bank of Japan policy meeting. Tokyo tumbled 1.07 percent with exporters hurt by...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns that turmoil in Iraq will disrupt Middle East supplies. US benchmark West Texas Intermediate for July delivery rose 23 cents to $...

  World Bank cuts global economic forecast for 2014

WASHINGTON: The World Bank downgraded its forecast for the global economy this year, citing a bitter American winter and the political crisis in Ukraine. In an outlook released Tuesday, the bank still expects the world economy to grow faster — 2.8 pe...

  Oil higher in Asian trade as OPEC gathers

SINGAPORE: Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel. US benchmark West Texas Intermediate for July delivery was up four cents at $104.39 a barrel in mid-morning...


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Feature / Analysis

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Opinion

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