Economy

  Yen weakens in Asia as Bank of Japan starts meeting

TOKYO: The yen weakened in Asian trade Monday as the Bank of Japan kicked off a two-day policy meeting, with investors also eyeing testimony from the head of the US Federal Reserve later this week. In Tokyo afternoon trading the greenback rose to 101...

  PM summons report over unannounced load-shedding

LAHORE: Prime Minister Nawaz Sharif has expressed his displeasure over the unannounced load-shedding being conducted in the country. The prime minister has instructed the Ministry of Water and Power to immediately present a report over unannounced lo...

  Naseerabad clash over sharing of canal water leaves 3 dead

NASEERABAD: Three persons were killed and two sustained injuries in a deadly clash over a dispute relating to the sharing of canal water at Parya Khan village in Tehsil Tambo here, media reported on Saturday morning. Police said that Imrani and Lahri...

  Govt. urged upon to take action against LPG marketing COs

LAHORE: Liquefied Petroleum Gas (LPG) marketing companies have whimsically increased the prices by whopping Rs20 per kilo without the approval of Oil and Gas Regulatory Authority (OGRA), media reported. LPG dealers have announced staging protest agai...

  Electricity woes worsen as shortfall touches 6000MW

ISLAMABAD: The electricity shortfall in Pakistan has crossed 6000MW, which is being termed a record under the present government. The power infrastructure continues to struggle with the shortfall resulting in increased load-shedding across the countr...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as fears recede about major supply disruptions in the Middle East, analysts said. US benchmark West Texas Intermediate for August delivery eased two cents to $102.91 while Brent crude was up six cents a...

  Asia shares mixed, eurozone debt fears return

HONG KONG: Asian markets were mixed while the safe-haven yen edged up Friday following a sell-off on Wall Street and in Europe as fears over eurozone debt resurfaced with a payment crisis at Portugal´s biggest listed bank. News that the parent of Ban...

  Euro dips in Asia on Portuguese bank woes

TOKYO: Investors shifted out of the euro Friday and into the safety of the dollar and yen as a crisis at Portugal´s largest listed bank revived fears about European debt. The euro fetched $1.3601 in Tokyo afternoon trade Friday, slightly down from $1...

  Oil prices down in Asia

SINGAPORE: Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the Middle East, analysts said. US benchmark West Texas Intermediate for August delivery declined 49 cents to $101.80 while Brent crud...

  PM announces ‘Green Line’ bus service for Karachi

KARACHI: Prime Minister Nawaz Sharif has announced ‘Green Line’ bus service under a Rapid Transport service for Karachi. The federal government will provide Rs15 billion for the project which would replicate the model of Lahore’s Metro Bus service. P...

  One million strike in Britain over pay and cuts: unions

LONDON: More than one million public sector workers went on strike in Britain Thursday over pay and spending cuts by the government imposed as part of its austerity programme, trade unions said. The strike, the biggest since Prime Minister David Came...

  India’s Hindu nationalist government funds madrasa reform

NEW DELHI: India´s new government announced $16.7 million in funding to modernise traditional Islamic religious schools in its maiden budget on Thursday which also included projects targeting its core Hindu nationalist base. Indian Finance Minister A...

  PM announces Bus Rapid Transport System for Karachi

KARACHI: Prime Minister Nawaz Sharif has announced the immediate construction of a Bus Rapid Transport system in Karachi. The federal government will provide Rs15 billion for the project which would be named ‘Green Line.’ Prime Minister Nawaz Sharif ...

  Asia shares extend losses after Wall St slip

HONG KONG: Asian markets sank Wednesday, following a negative lead from Wall Street, while China released data showing inflation eased slightly in June after hitting a four-month high in May. There is also a nervousness that equities could be in line...

  Oil prices down

SINGAPORE, July 09, 2014 (AFP) -Oil prices edged lower in Asia Wednesday as dealers await the latest US stockpiles report for clues about demand in the world´s top crude consumer. US benchmark West Texas Intermediate for August delivery eased two cen...

  Yen gains in Asia after US stocks fall

TOKYO: The yen rose against the dollar and euro Tuesday as cautious investors retreated to the Japanese currency after two of Wall Street´s main indexes slid from its recent record highs. The dollar weakened to 101.75 yen in Tokyo midday trade from 1...

  Asia shares slip after Wall St losses

HONG KONG: Asia´s markets slipped for a second day Tuesday, after the Dow and S&P 500 in Wall Street retreated from record highs as analysts warned a recent equities rally could come to a sudden halt. Investors are hoping to get a better handle on th...

  PR to run six special trains on Eid

ISLAMABAD: Pakistan Railways (PR) would ply six ‘Special Eid Trains’ on different routes to facilitate the passengers on the eve of Eid-ul-Fitr, media reported.Railway ministry officials giving details of the special trains to be run on the eve of Ei...

  Hong Kong stocks open 0.15 percent higher

HONG KONG: Hong Kong stocks opened 0.15 percent higher Monday ahead of the release of key Chinese economic data later in the week. The benchmark Hang Seng Index added 35.04 points to 23,581.40....

  Dollar holds up ahead of Fed minutes release

TOKYO: The dollar held up in Asia on Monday after rallying on strong jobs data last week, as investors waited for minutes of the most recent meeting of Federal Reserve policymakers. The greenback bought 102.15 yen in Tokyo midday compared with 102.08...


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Feature / Analysis

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Opinion

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