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Oil Prices Out of Control Again
Global oil prices rose on Wednesday, with Brent crude climbing to $106.37 per barrel and West Texas Intermediate (WTI) reaching
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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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US-Russia deal on diesel is ‘very risky choice,’ Italy PM Meloni says
ROME: The deal between the United States and Russia over diesel supply is a “very risky choice” that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine…
Business RecorderJordan issues tender to buy up to 120,000 metric tons wheat, traders say
HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on…
Business RecorderSaudi stocks slip after attack on Aramco building; Gulf markets mixed
Major Gulf stock markets were mixed in early trade on Wednesday, with Saudi shares falling after an attack on a Saudi Aramco site heightened concerns over the escalating conflict between the kingdom…
Business Recorder
From pilot to policy: how “Digital Eye” helped shape FBR’s production-monitoring framework
The Federal Board of Revenue (FBR) is expanding production monitoring across Pakistan’s manufacturing sector, authorising new private technology providers and bringing additional industries within…
Business RecorderPD says no fresh CCI approval needed for DISCO privatisation
Privatisation Division (PD) has maintained that fresh approval from the Council of Common Interests (CCI) is not required to privatise power distribution companies (DISCOs), citing earlier decisions…
Business RecorderTurkish central bank to maintain tight monetary policy stance until price stability is achieved, governor says
ANKARA: Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy until price stability is achieved, speaking on Turkiye monetary policy and macroeconomic…
Business RecorderECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an…
Business RecorderKamala Harris warns window closing for AI safeguards, urges US-China cooperation
SEOUL: Former US Vice President Kamala Harris urged governments and technology companies on Wednesday to urgently put safeguards in place for artificial intelligence, warning that the window for…
Business RecorderChina stocks edge towards one-year low, dragged down by AI hardware share
SHANGHAI: Chinese stocks slipped on Wednesday as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data, leaving the blue-chip benchmark…
Business RecorderChina approves Geely acquisition of 34% of Ford España
BEIJING: China’s market regulator has unconditionally approved Geely’s acquisition of 34% of Ford Motor’s Spanish subsidiary Ford España, it said on Monday.
Business RecorderPakistan Wants New $7 Billion Saudi Oil Deal
Pakistan has asked Saudi Arabia to consider a 15-year oil financing facility worth $6.7 billion as the government seeks to
ProPakistaniJapan's 5-year bond yield steadies after firm auction outcome
TOKYO: Japan’s five-year government bond yield traded flat on Wednesday, retreating from the session high after a bond auction saw firm demand.
Business RecorderYuan gains as markets weigh China inflation, await US CPI
SHANGHAI: China’s yuan firmed slightly against the dollar on Wednesday as investors parsed a mixed set of domestic inflation readings and braced for US consumer price data due later in the day that…
Business RecorderRussian strikes kill one, hit energy facilities in Kyiv, mayor says
Russian air strikes killed one person and injured one more in Kyiv while also hitting energy facilities in the Ukrainian capital, Mayor Vitali Klitschko said on Wednesday.
Business RecorderIndian bonds slip on higher oil, hawkish RBI governor comments
MUMBAI: Indian government bonds fell in early trading on Wednesday as a fresh spike in oil prices and hawkish commentary from the central bank chief pushed traders to trim positions further.
Business RecorderPakistan expects over 4% growth, diversify financing with Panda bonds, Sukuk: Aurangzeb
Finance Minister Muhammad Aurangzeb told international investors that Pakistan expects economic growth of 4% or higher this fiscal year, while highlighting fiscal improvements and plans to diversify…
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