Oil prices soar on Saudi, Russian supply fears on March 22, 2022Oil prices soared Monday as a weekend attack on Saudi facilities and EU discussions on banning Russian crude raised concerns over global supplies. Top producer Saudi Arabia warned that Yemeni rebel attacks on the kingdom’s oil facilities pose a “direct threat” to global supplies, the comments helping Brent North Sea crude surge 6.1 percent to […]
Balochistan govt completes 64 small dams on March 21, 2022At least 64 dams with 52000 acres feet water storage capacity have been completed in Balochistan to irrigate 25850 acres of land at the province. The Federal government had announced 100 small dams package in Balochistan out of which 64 have been completed while rest of 36 are near to completion, said an official of […]
Microsoft faces anti-competition complaint in Europe on March 21, 2022Three companies have lodged a complaint with the European Commission against Microsoft, accusing the US technology giant of anti-competitive practices in its cloud services, sources told AFP Saturday, confirming media reports. Microsoft is “undermining fair competition and limiting the choice of consumers” in the computing cloud services market, said one of the three, French company […]
Agriculture is key for development, stability of country: DG Murad Ali on March 20, 2022The field staff of agriculture has an important role to play in the development and stability of the agriculture sector. This was expressed by Murad Ali Khan, Director General, Department of Agriculture, Marginal Area while talking to media men here on Saturday. DG Agriculture and District Director Agriculture Departments Bajaur and Agriculture Officer Subhanuddin inspected […]
Nissan sues Ghosn aide Kelly for $11.8 million: reports on March 20, 2022Japanese automaker Nissan has sued Greg Kelly, a former executive and aide to disgraced tycoon Carlos Ghosn, seeking compensation of $11.8 million for damage to the company, reports said Friday. The 65-year-old American was found guilty of financial misconduct this month in Tokyo, but only for his actions in the 2017 financial year. He was […]
Gold slips to Rs112,200 per 10g as dollar strengthens on March 19, 2022Gold price snapped a two-day winning streak on Friday as a strengthening US dollar did not allow the yellow metal to gain traction. As of 1315 hours GMT, gold in the international market was available at $1,931.30 per ounce, shedding $11.10. Out of a $11.10 per ounce decrease, -$11.85 was due to the dollar’s strength […]
Bitcoin drops to $40,423 as cryptos turn bearish on March 19, 2022The cryptocurrency market turned bearish on Friday, with market capitalisation dropping 0.4 percent to $1.89 trillion. As of 1230 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price decreased by 1.31 percent to reach $40,423. With this decrease in price, the market capitalisation of the biggest crypto has reached $765.5 billion. Bitcoin has gained 2.5 percent […]
Gold jumps to Rs112,400 per 10g despite US interest rate hike on March 18, 2022Gold price surged around one percent on Thursday -the second day in a row – amid a decline in the benchmark 10-year US treasury bond yields. As of 1340 hours GMT, gold in the international market was available at $1,943.90 per ounce, gaining $16.70. Out of a $16.70 per ounce increase, +$2.45 was due to […]
Gold price surges to Rs110,800 per 10g on March 17, 2022Gold price inched down on Wednesday to its lowest level since early March due to a surge in the 10-year US Treasury yields amid an expected increase in the US interest rates. As of 1405 hours GMT, gold in the international market was available at $1,917.70 per ounce, shedding $0.30. Out of a $0.30 per […]
Gold dips to Rs110,600 per 10g after shedding Rs2,700 on March 16, 2022Gold price fell over one percent on Tuesday to its lowest level since early March despite a sharp pullback in the US Treasury bond yields and the dollar. As of 1350 hours GMT, gold in the international market was available at $1,922.20 per ounce, shedding $29.10. Out of a $29.10 per ounce decrease, +$6.30 was […]