ASHGABAT: The European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019, European Commission Vice President Maros Sefcovic said in an interview. Russia currently supplies around a third ...
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Feed SubscriptionAsia shares slip as weak earnings hit Wall St
TOKYO: Asian shares dipped on Friday after weak corporate earnings dented Wall Street, while the dollar nursed its losses after marking its worst monthly performance in four years against a basket of six major currencies. The dollar index stood at ...
Read More »Dar says no change in petroleum prices
ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that the federal government has decided not to revise existing prices of various petroleum products. Talking to media before a meeting of Economic Coordination Committee (ECC) of the Cabinet, Dar said that ...
Read More »Oil at 2015 highs after first stock draw in 5 months at U.S. hub
NEW YORK: Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease. Government data showing a smaller-than-expected ...
Read More »Dollar slides to 8-week low on U.S. data; traders eye Fed
NEW YORK: The dollar dropped to an eight-week low on Tuesday after a weak U.S. consumer confidence report, with investors cautious about a Federal Reserve meeting that could reinforce the view that interest rates in the world’s largest economy might ...
Read More »Pakistanis buy Dubai properties worth $379 mln in three months
DUBAI: Pakistani investors pumped a whopping $378.99 million in Dubai’s real estate sector in the first three months of 2015 – the second largest investment after India in the non-Arab category. According to latest data issued by the Dubai Land ...
Read More »Historic week for US stocks as Nasdaq breaks 15-year record
NEW YORK: Fifteen years after its bubble exploded dramatically costing tens of thousands of hopeful tech millionaires their savings, the Nasdaq finally made its way back this week. And this time, underpinning the market’s new record are real earnings at ...
Read More »Google shares rise after online ad sales drive revenue higher
SAN FRANCISCO: Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company’s shares higher in after-hours trading. Shares of the world’s No. 1 Internet search engine ...
Read More »Oil prices slip in Asian trade
SINGAPORE: Oil prices slipped on profit-taking in Asia Friday following sharp gains in the previous session as ongoing unrest in the Middle East fuels worries about supplies from the crude-rich region, analysts said. US benchmark West Texas Intermediate (WTI) fell ...
Read More »Remittances rise 15% to $13.3 bln in nine months
KARACHI: Overseas Pakistani workers remitted $13,327.47 million in the first nine months (July to March) of current 2014-15 fiscal year, showing a significant growth of 15 percent, the State Bank of Pakistan said Friday. It said during the same period ...
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