Economy

    Oil prices set for weekly gain as Opec, allies agree to extend output cuts

    Oil prices set for weekly gain as Opec, allies agree to extend output cuts

    Oil prices dipped on Friday but were on track for weekly gains as a meeting of OPEC and its allies…
    Dollar advances on robust US jobs report, backs Fed’s no-rate-cut stance

    Dollar advances on robust US jobs report, backs Fed’s no-rate-cut stance

    The dollar rose on Friday after five straight days of losses, bolstered by data showing the US economy created way…
    Pakistan has borrowed $10.4 bn from China, UAE during PM Khan’s tenure

    Pakistan has borrowed $10.4 bn from China, UAE during PM Khan’s tenure

    The cash-strapped Pakistan government of Prime Minister Imran Khan borrowed $10.40 billion as loans from friendly countries like China and…
    US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low

    US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low

    The US trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to…
    EU takes action on ‘too-big-to-fail’ risks in financial clearing

    EU takes action on ‘too-big-to-fail’ risks in financial clearing

    European Union governments on Wednesday agreed new rules for handling failures of clearing houses raising the financial burden on them…
    Global Markets: Stocks back to ‘risk-on’ after Trump’s trade war scare

    Global Markets: Stocks back to ‘risk-on’ after Trump’s trade war scare

    European stocks recovered on Wednesday from their losses the day before, when U.S. President Donald Trump surprised world markets by…
    Japan preparing $120 billion stimulus package to bolster fragile economy

    Japan preparing $120 billion stimulus package to bolster fragile economy

    Japan is preparing an economic stimulus package worth $120 billion to support fragile growth, two government officials with direct knowledge…
    Fear of expanding US-China trade war sinks global equities; bonds rally

    Fear of expanding US-China trade war sinks global equities; bonds rally

    Signs that a deal to end the trade war between the United States and China might not come until after…
    UK manufacturers’ job cut fastest since 2012 as Brexit concerns mount

    UK manufacturers’ job cut fastest since 2012 as Brexit concerns mount

    British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from…
    Despite sanctions by US, we are still selling our oil: Iran V-P Jahangiri

    Despite sanctions by US, we are still selling our oil: Iran V-P Jahangiri

    Iran is still selling its oil despite US sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted…
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