Home / Business (page 23)

Category Archives: Business

Feed Subscription

Asia up after Wall Street sets record high

Asia up after Wall Street sets record high

TOKYO: Asian shares rose on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time ...

Read More »

Dollar up for third day, eyes on Fed and Greece

Dollar up for third day, eyes on Fed and Greece

LONDON: The dollar touched a three-week high against the euro before halting on Wednesday, a third day of gains adding to a growing sense the U.S. currency may be ready for another run higher after its weakest period in four ...

Read More »

China-backed AIIB founding members to meet in Singapore

China-backed AIIB founding members to meet in Singapore

SINGAPORE: Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution. The gathering, called the 5th chief negotiators’ meeting, will also ...

Read More »

Govt to unveil budget 2015-16 on June 5

Govt to unveil budget 2015-16 on June 5

ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar has formally approved presentation of federal budget 2015-16 on June 5. As customary, the Economic Survey would be launched a day earlier as on June 4. The meeting finalized calendar of budget activities ...

Read More »

Govt taking measures to resolve energy crisis Dar

Govt taking measures to resolve energy crisis  Dar

ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar Thursday said the government was taking all possible measures to ensure energy security and sustainable development in the country. “Energy sector, which was neglected for over a decade, has been given a ...

Read More »

Oil ends down despite U.S. crude draw

Oil ends down despite U.S. crude draw

NEW YORK: Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude. Government data showed U.S. oil inventories fell 2.2 million barrels in the ...

Read More »

Oil prices shoot higher

Oil prices shoot higher

LONDON: Global oil prices rebounded sharply Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies. US benchmark West Texas Intermediate (WTI) for June delivery jumped $1.09 to $60.34 a barrel. Brent North Sea crude ...

Read More »

Increase in loadshedding feared as circular debt rises

Increase in loadshedding feared as circular debt rises

KARACHI: The circular debt in the country’s power sector reached a new height of 600 billion rupees. An increase in loadshedding all over the country is likely due to the ugly situation of circular debt. According to PEPCO sources, K-Electric ...

Read More »
Scroll To Top