Oil prices resume decline on supply glut worries

SINGAPORE, Jul 22: Oil prices resumed their decline in Asia Wednesday following a US report showing that stockpiles surged last week, with analysts warning...

China’s FDI up 8.0% in January-June on M&A: Govt

BEIJING, Jul 21: Foreign investment into China rose 8.0 percent in the first half of this year as mergers and acquisitions by overseas companies...

Oil prices fall further on strong dollar, WTI below $50

SINGAPORE, Jul 21: Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-priced commodity...

Toshiba president, top executives resign posts over accounting scandal

TOKYO, Jul 21: The president of Japan's Toshiba, along with seven high-ranking executives and directors of the company has resigned his post over an...

Oil edges lower as Saudi crude exports fall, US cuts drill rigs

SINGAPORE , Jul 20:  Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite...

Dollar in demand, gold dives to 5yr low

SYDNEY, Jul 20:   The United States dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the...

Construction work started on 700-km pipeline from China to Pakistan: Abbasi

ISLAMABAD, Jul 20:  Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said Pakistan has started construction work on a seven hundred-kilometre pipeline to...

Pakistan’s trade deficit widens to $22b in FY15

KARACHI, Jul 17: Pakistan’s merchandise trade deficit surged by 10.68 per cent to $22.095 billion in 2014-15 from $19.963 billion in the preceding fiscal...

IMF’s Lagarde urges debt restructuring for Greece

PARIS, Jul 17: IMF chief Christine Lagarde on Friday stressed the importance of easing Greece's debt burden for her institution to participate in the...

All eyes on ECB, Eurogroup after Greek lawmakers back bailout

FRANKFURT, Jul 16: After the Greek bailout cleared parliament in Athens, all eyes turned Thursday to eurozone finance ministers and the ECB to keep...