Trump says Saudis must compensate for drop in Iran oil supplyPresident Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on US ally Saudi Arabia to raise supplies to compensate for lower exports from Iran. Trump...
Largest US business group attacks Trump on tariffsThe US Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tar...
Asian investors start week cautiously as China tariffs loomAsian investors kicked the week off tentatively on Monday as they prepare for the US to impose hefty tariffs on a range of Chinese imports, taking their trade row to another level. The levies on billi...
Dell makes move to go public again after months-long reviewDell Technologies Inc is moving a step closer to becoming a public company again with a deal to buy the tracking stock of its majority-owned VMware unit, simplifying its balance sheet and ending a mon...
Report of Trump bill rejecting WTO seen by trade experts as hot airUS President Donald Trump has ordered the drafting of legislation that would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a sk...
Tesla Model 3 electric vehicle output reaches 5,000 for a weekTesla is speeding up the production rate on its most affordable electric vehicle, hitting CEO Elon Musk's goal for the final week of the second quarter even as questions linger about the company's abi...
PSX starts new fiscal year on dull noteKARACHI: Pakistan equities on Monday closed negative on first trading of Fiscal Year 2019 after witnessing extremely dull volumes. The benchmark KSE-100 index shedding 176.85 points closed at 41734.0...
Cotton price remains firm on demand for better gradesKARACHI: Buyers at leading stations in Sindh and Punjab stations during trading session bought better grades of lint on premium price besides buyers also made one-month forward deals for better grade...
Dollar ends lower in value versus domestic unitKARACHI: The greenback remained dull in value against the rupee in the interbank and appreciated in open market. Due to insignificant demand from corporate and private sector, dollar lost value by 8 p...
Yellow metal price stands dull on gold hedging, FuturesKARACHI: Yellow metal price in domestic and international market remained depressed as leading stakeholders and hedgers kept manipulating ready-market physical prices. Hedgers made some deals on repor...