News & Blogs from Pakistan
Posts tagged Economy
Asian shares mostly up after Wall Street rally
Jul 1st
HONG KONG: Asian stocks were mostly higher on Friday as traders followed a Wall Street surge but gains were tempered by profit-taking and data showing growth in manufacturing activity almost stalled in China last month.
Sentiment was given support by …
Oil prices slide after recent bounce
Jun 30th
LONDON: World oil prices slid on Thursday on profit-taking after soaring the previous day on easing concerns over Greece and signs of strengthening energy demand in the United States.
Brent North Sea crude for delivery in August sank $1.01 to $111.39 …
Oil mixed in Asian trade after Greek cuts
Jun 30th
SINGAPORE: Oil was mixed in Asian trade Thursday following a sharp surge overnight after Greece”s parliament passed severe austerity cuts.
The vote in Athens allayed concerns that Greece would default on its massive debt, a situation that could again…
Oil prices climb before Greek vote
Jun 29th
LONDON: World oil prices rose on Wednesday amid uncertainty over energy demand before the weekly snapshot of crude inventories in top consumer the United States, and a vote on the Greek debt crisis.
New York”s main contract, West Texas Intermedia…
Greece austerity protests turn violent
Jun 29th
ATHENS: POLICE have fired tear gas in running battles with stone-throwing youths in Athens overnight, where a 48-hour general strike is being held against a parliamentary vote on tough austerity measures.
Inside parliament, politicians debated new au…
Oil eases in Asian trade
Jun 29th
SINGAPORE: Oil fell in Asian trade Wednesday as investors took profits from sharp gains the previous day on hopes Greece would avert a default on its massive debt and stronger US energy demand.
New York”s main contract, West Texas Intermediate for de…
Asian shares riding high on Greek optimism
Jun 29th
HONG KONG, June 29, 2011 (AFP) – Screens were green across most of Asia Wednesday as the region was gripped by optimism over the growing likelihood of a solution to Greece”s debt problems.
Exporters, helped by a slightly weaker yen, and utilities led…
Greek police tear gas anti-austerity protesters
Jun 29th
ATHENS: Greek police sprayed tear gas on indignant protesters Tuesday as a general strike against the bankruptcy-threatened government set the stage for a defining vote in the Greek parliament.
But European Union slapdowns and a call by new IMF chief …
Crude rises on brighter Greek outlook, weaker dollar
Jun 28th
SINGAPORE: U.S. crude oil rose above $91a barrel on Tuesday as the euro rallied against the dollar on increasing confidence the Greek parliament will approve a fiscal austerity package.
FUNDAMENTALS
NYMEX crude for August climbed…
Alternative forms of energy becoming more cost-competitive: PEW
Jun 26th
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said that alternative forms of energy are becoming more cost-competitive with conventional fuels therefore government should accelerate the pace of its development. Energy crisis is greatest bottlen…
