Saudi Arabia’s state oil producer Aramco has hiked official selling prices (OSPs) for its crude to Asia by $1 a barrel in August, and raised the OSPs for almost all grades to Europe and the United …
Turkey bans six banks from betting against local stocks
“The rules are very clear. [The banks] failed to obey the rules.” Turkey is not alone in requiring investors to report short positions to financial authorities. European regulations require holders to …
Pakistan to avail Rs 335 billion debt relief from G20 to mitigate negative effects of COVID-19
ISLAMABAD: Pakistan will sign its debt relief agreement with G20 countries … as per media reports. A top official of the Finance Division told The News on Sunday that the work was in progress for …
Pakistan to avail Rs 335 billion debt relief from G20
Pakistan will sign its debt relief agreement with G20 countries separately before the deadline of December 31 2020 in order to avail debt relief of slightly o …
The Unraveling of Imran Khan: How Pakistan’s Prime Minister Fumbled
Several events in the past few months have eroded the hope that Prime Minister Imran Khan had evoked a few years ago of transforming Pakistan. Questions are now being asked about his ability and …
Coal India workers strike cuts output by 56% – official
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a senior company official told Reuters. The world’s …
COVID-19 impact | India’s economy to shrink 4.5% in 2020: Finance Ministry
India’s Gross Domestic Product (GDP) will shrink 4.5 percent in the current fiscal year, the Union Finance Ministry said in its macroeconomic report. In its report, the Department …
Aye Finance raises Rs 125 cr from Germany-based investor
Aye has raised over Rs 690 core in equity and over Rs 2,000 crore in debt through various debt instruments till date.
Lockdown cuts India’s April tea output by 54% y/y
India’s April tea output fell 54% from a year earlier to 39.02 million kilograms (kg) as restrictions to curb the spread of the novel coronavirus reduced plucking in the top producing north-eastern …
China rally triggers gains in European cyclical stocks
European STOXX 600 climbed 1.6%, as stocks exposed to China, including carmakers , industrials , energy firms and luxury goods makers, gained strongly. China’s blue-chip index jumped over 5%, as inves …