The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau/Files SAN FRANCISCO: Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major...
Trump has taken a confrontational "America First" stance on trade policy, imposing steep tariffs on steel and aluminum. Photo:AFPSEOUL: South Korea´s finance minister warned that an all-out trade war between the US and China would have grim...
Dollar bills. Photo: AFPKARACHI: Devaluation of local currency against the US dollar continued in the interbank market on Tuesday as the greenback soared to an all-time high of Rs128.75.According to forex dealers, the US dollar saw a rise of Rs0.76...
Representational image. Photo: FileEnergy firms led a sell-off in most Asian equity markets on Tuesday a day after supply fears sent oil prices plunging, while confidence remains fragile owing to ongoing fears of a global trade war.After hitting...
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 16, 2018. Photo: Reuters SINGAPORE: Brent crude recovered in Asian trade Tuesday after plunging more than four per cent to three-month lows on...
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FBR obtains information regarding immovable properties owned by Pakistanis in UK/ file photoISLAMABAD: Under a newly-signed agreement, Pakistan will have access to the information about its nationals’ assets abroad, it emerged on Monday. The...
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Photo: File LONDON/NEW YORK: The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of US light crude to benchmark Brent in just a month, as surging US production upends the market.Trading desks...
A smartphone with the AT&T logo is seen in front of displayed the Time Warner logo, June 13, 2018. REUTERS/Dado Ruvic/Illustration WASHINGTON: The US Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s...
The dollar is gaining support from expectations the US economy is better positioned to deal with a trade war. Photo: Online NEW YORK: Asian markets on Thursday recovered from the previous day’s hammering, oil prices bounced and the dollar...
FILE PHOTO: Tim Hortons employees serve shareholders before the company's annual general meeting in Toronto, May 8, 2014, photo: ReutersCanadian coffee chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world’s second...
Photo: OnlineTOKYO: Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after US President Donald Trump threatened to levy new trade tariffs on China.The spectre of tariffs on a further $200 billion worth of Chinese...
Iranian Vice President Eshaq Jahangiri speaks during a news conference in Najaf, south of Baghdad, Iran, February 18, 2015. REUTERS/Alaa Al-Marjani/Files LONDON: Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that US sanctions...
Hussain Lawai. Photo: File KARACHI: Hussain Lawai was removed on Tuesday as the chairman of the Pakistan Stock Exchange (PSX), according to a notification by the Securities and Exchange Commission of Pakistan (SECP).The SECP earlier issued a...
A pump jack used to help lift crude oil from a well in Norway. Photo: Reuters TOKYO: Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set...
German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang review the guard of honour at the chancellory in Berlin, Germany July 9, 2018, photo: ReutersBERLIN: Germany and China signed a raft of commercial accords worth some 20 billion...
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Mexican President-elect Andres Manuel Lopez Obrador. Photo: Reuters MEXICO CITY: Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three...
Pakistan has been battling to get its economy back on track and end a years-long chronic energy crisis that has crippled industry. Photo: File ISLAMABAD: Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a...