Asian traders end brutal week cautiously as trade fears simmerAsian investors ended a tumultuous week on a cautious note Friday as the prospect of a debilitating global trade war hung over regional markets. As European Union tariffs on key US goods -- including...
Chinese companies joint venture to build 40MW waste-to-energy plant in LahoreKARACHI: The National Electric Power Regulatory Authority (Nepra) has accepted an application of the Lahore Xingzhong Renewable Energy Company (pvt) Limited for its 40 megawatt (MW) waste to energy pr...
EU slaps tariffs on US as trade war eruptsThe European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump. The tariffs, which...
Trade conflict already sapping German economyAn industrial powerhouse built on massive exports and a gigantic car industry, Germany is among the nations most sensitive to mounting trade tensions between the United States and other major economie...
Oil up over 2 percent as OPEC raises output modestlyOil prices rose sharply on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand. Benchmark Brent crude <LCOc1> jumped $2.29...
Futures speculation, buyers’ interest help yellow metal price to recover valueKARACHI: The yellow metal price in global and domestic markets remained firm and within reach of leading buyers on Gold Futures speculation. Improved demand from metal speculators and buyers, metal's...
Dollar edges higher in value versus domestic unitKARACHI: The greenback moved higher in value against the rupee in the interbank and shed value in open market. The greenback closed at Rs 121.45 for buying and Rs 141.65 for selling, gaining 10 paisas...
Demand for better grades of cotton keeps physical prices firm during trading at marketKARACHI: Trading activity at the cotton market remained moderate, as more than 2,700 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 7,600 per maund. Spinners...