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LPG price falls by another Rs 5/Kg across country

Liquefied Petroleum Gas (LPG) price has fallen by another Rs 5 per Kilogram (Kg) as cold drops in different areas of the country, Dunya News reported Monday. In around two weeks, LPG price has decreased by Rs 20 per Kilogram. According to LPG distributors association, the revised pric

PSX 100-index rises by 350 points at week’s start

Pakistan Stock Exchange (PSX) 100-index rose by 350 points in the beginning of trading, Dunya News reported Monday. The 100-index was seen hitting 31,844 points mark at one time in the early hours. According to the experts, investors are buying shares today owing to rise in crude oil

EU hits China with new steel anti-dumping probes: official

The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow “unfair competition” to threaten Europe s industry which is crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and last week, Luxembour

Christine Lagarde again selected as IMF chief

Christine Lagarde, the first woman to head the International Monetary Fund, became assured Thursday of a second term as managing director to steer it through a global economic slowdown. The executive board of the global crisis lender announced that there were no challengers facing Lag

Dollar jumps vs yen after solid US retail sales

The dollar rebounded against the yen Friday as solid US retail sales data and rising oil prices lifted sentiment on global markets after a punishing week. The dollar rebounded 0.8 percent to 113.25 yen around 2200 GMT from the same time Thursday. During the Thursday session, it had fa

Oil prices soar on report that UAE offers talks on output cuts

Oil prices soared Friday, with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize output cuts that could ease the global oversupply. US benchmark West Texas Intermediate for March delivery shot up $3.23 (12.3 percent) to $29.44 a barrel on the New York M

Oil slumps again; US crude at 2003 low

Without any particular market-moving news but a persistent global crude oil glut, the oil market slid again Thursday, dragging US crude to its lowest price in nearly 13 years. Down by about $3.50 per barrel over the three prior sessions, US benchmark West Texas Intermediate for delive

Lagarde set for second term as IMF chief

Christine Lagarde, the first woman to head the International Monetary Fund, became assured Thursday of a second term as managing director to steer it through a global economic slowdown. The executive board of the global crisis lender announced that there were no challengers facing Lag

Asian markets battered as Tokyo tanks again

A more than five percent plunge in Tokyo led another Asian rout Friday, bringing to an end one of the most painful weeks for investors as fears about the global economy — and possible recession — stalk trading floors. The steep losses in Japan came as the yen pushed to mor

Yen surge sparks central bank intervention talk

Japanese government officials on Friday pledged to take “appropriate measures” as the surging yen fuels speculation that the central bank will intervene in currency markets to arrest its ascent. The unit has soared to levels last seen when the Bank of Japan unleashed a sec