Asian markets mixed but trade war fears festerAsian markets were mixed Tuesday, but while they were up from earlier lows, investors continued to fret over looming US-China tariffs that bring a potential trade war a step closer. Wall Street provid...
Oil climbs on Libya force majeure, Canada outageOil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted US crude to 3-1/2-year highs. US light crude jumped 90 cen...
PSX ends lower amid political uncertaintyPakistan equities on Tuesday largely struggle for a second day of the week to close at 41,564 level, down 170 points. Investor's continued to fret over political uncertainty and economic slowdown. Vol...
German carmakers optimistic on 2018 growth even as tariffs loomGerman autos trade body VDA has nudged higher its forecast for growth in domestic car sales this year even as the sector continues to grapple with the aftermath of the diesel crisis and a looming trad...
Full trade war threatens 2008-style recession, warn French govt advisorsA full-scale trade war would likely be as devastating for the world economy as the 2008-2009 recession, warned France's Council of Economic Advisors, a body which gives input to the country's prime mi...
Abu Dhabi’s Etihad reorganises in drive to return to profitEtihad Airways is reorganising into seven business divisions and group CEO Tony Douglas is taking over direct responsibility of the airline business as the Abu Dhabi-based group strives to return to p...
Yellow metal price unmoved on Futures speculation, dull hedgingYellow metal price in domestic and international market witnessed no change on insignificant buying as leading stakeholders and hedgers kept manipulating the ready-market physical prices, metal trader...
Greenback closes flat in value versus domestic unitThe domestic unit remained firm in value against greenback in interbank due to a modest intervention by State Bank and dull demand of greenback from corporate sector and exporters. The greenback gaine...
Lint buying remains on better grade focused amid firm physical pricesCotton trade on the cotton market remained firm and buyers made deals for better grade of lint on slightly higher price, traders said. The KCA spot rates remained firm at Rs 7,600 per maund. The leadi...