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Friday 31, October 2014

 
 
 




 

Commodities


Oil prices down in Asian trade

By: Web Desk, Uploaded: 31st October 2014

Oil prices down in Asian trade SINGAPORE- Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Federal Reserve lift interest rates sooner than later, analysts said. US benchmark West Texas Intermediate for December delivery fell 37 cents to $80.75 while Brent crude for December was down 36 cents at $85.88 in afternoon...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 30th October 2014

Oil prices down in Asian trade SINGAPORE- Oil prices edged lower in Asia Thursday but losses were limited by a surprisingly upbeat assessment of the US economy by the Federal Reserve, analysts said. US benchmark West Texas Intermediate (WTI) for December delivery eased 30 cents to $81.90 while Brent crude for December fell 23 cents to $86.89 in afternoon trade. “Crude...


Oil prices up ahead of Fed outcome, supply report

By: Web Desk, Uploaded: 29th October 2014

Oil prices up ahead of Fed outcome, supply report SINGAPORE- Oil prices rose in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the latest US supply report. US benchmark West Texas Intermediate for December delivery rose 26 cents to $81.68 while Brent crude for December was up 20 cents at $86.23 in mid-morning trade. “The focus is clearly...


Finance Minister meets US Special Representative for Afghanistan, Pakistan

By: Web Desk, Uploaded: 28th October 2014

Finance Minister meets US Special Representative for Afghanistan, Pakistan ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar had a meeting with Daniel Feldman, US Special Representative for Afghanistan and Pakistan here on Tuesday. Finance Minister held detailed discussion with Feldman on the follow up plan for meetings held during his visit to Washington. Both sides expressed satisfaction over the successful holding of US-Pakistan Economic Working...


Oil extends losses over weak price outlook

By: Web Desk, Uploaded: 28th October 2014

Oil extends losses over weak price outlook SINGAPORE- Oil moved lower in Asian trade Tuesday after Goldman Sachs slashed its price forecasts for the next two years owing to a global supply glut. US benchmark West Texas Intermediate (WTI) for December delivery fell 46 cents to $80.54 while Brent crude for December eased 59 cents to $85.24 in mid-morning trade. “We continue...


Oil mixed in Asian trade

By: Web Desk, Uploaded: 27th October 2014

Oil mixed in Asian trade SINGAPORE- Oil was mixed in Asian trade Monday but remained subdued with no signs the world’s key crude producers will cut output in the face of a supply glut, analysts said. US benchmark West Texas Intermediate for delivery in December was up one cent to $81.02 a barrel in late-morning Asian trade, reversing earlier losses,...


PIA post Hajj operations to conclude on Nov 7

By: Web Desk, Uploaded: 26th October 2014

PIA post Hajj operations to conclude on Nov 7 LAHORE: The Pakistan International Airlines (PIA) would manage to conclude all post Hajj operations of bringing back hajis from Saudi Arabia to Pakistan by 7th November. The PIA spokesperson said on Sunday that PIA has carried more than 37,800 Hajjis from Jeddah to Pakistan through post Hajj and Regular scheduled flights till 26th October (Sunday)...


Ishaq Dar meets Chinese president

By: Web Desk, Uploaded: 26th October 2014

Ishaq Dar meets Chinese president ISLAMABAD: Federal Minister for Finance, Mohammad Ishaq Dar along with representatives of other countries that signed the Memorandum of Understanding (MoU) on establishment of Asian Infrastructure Investment  Bank (AIIB)  had a meeting  with Chinese President, Xi Jinping in Beijing. According to a press statement issued by Finance Ministry here, President Xi Jinping  on the occasion...


Oil prices down in Asia

By: Web Desk, Uploaded: 23rd October 2014

Oil prices down in Asia SINGAPORE- Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China’s key manufacturing sector picked up slightly, analysts said. US benchmark West Texas Intermediate (WTI) tumbled 30 cents to $80.22 a barrel in late-morning trade and Brent crude eased 34 cents to $84.37. Both contracts, already at multi-year...


Oil prices dip in Asia after recent gains

By: Web Desk, Uploaded: 22nd October 2014

Oil prices dip in Asia after recent gains HONG KONG- Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve’s next policy meeting. However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows....


Oil prices mixed as caution returns

By: Web Desk, Uploaded: 21st October 2014

Oil prices mixed as caution returns SINGAPORE- Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world’s top energy consuming nation, analysts said. US benchmark West Texas Intermediate for November delivery advanced 30 cents to $83.01 a barrel in afternoon trade, but Brent crude for December...


Oil prices extend gains in Asia

By: Web Desk, Uploaded: 20th October 2014

Oil prices extend gains in Asia SINGAPORE- Oil prices rose in Asia Monday, lifted by a surge in equities following last week’s sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market. US benchmark West Texas Intermediate for delivery in November climbed 47 cents to $83.22 a barrel in late-morning trade and Brent...


Yen ticks up in Asia on global economy jitters

By: Web Desk, Uploaded: 17th October 2014

Yen ticks up in Asia on global economy jitters TOKYO- The yen edged higher in Asia on Friday, wiping out early losses, as ongoing worries about the global economy offset a positive batch of data out of the United States. In Tokyo afternoon trading, the dollar slipped to 106.17 yen from 106.33 yen in New York while the euro eased to 135.88 yen from...


Oil prices tumble in Asia

By: Web Desk, Uploaded: 16th October 2014

Oil prices tumble in Asia SINGAPORE- Oil prices resumed their downward spiral in Asian trade Thursday following another massive sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said. US benchmark West Texas Intermediate (WTI) for November delivery fell 90 cents to a two-year low of $80.88 a barrel in late-morning trade. Brent crude for...


Pilgrims satisfied over Hajj arrangements

By: Web Desk, Uploaded: 15th October 2014

Pilgrims satisfied over Hajj arrangements ISLAMABAD: Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid said on Wednesday pilgrims had appreciated and expressed satisfaction over the arrangements for Hajj-2014. Addressing a press conference along with Minister for Religious Affairs Sardar Muhammad Yousaf here, Pervaiz Rashid said less than one percent complaints regarding Hajj arrangements were received by the Religious...


Oil prices see small rebound in Asia

By: Web Desk, Uploaded: 15th October 2014

Oil prices see small rebound in Asia SINGAPORE- Oil staged a minor rebound on bargain-buying in Asian trade Wednesday following sharp falls that have seen prices hit multi-year lows owing to a supply glut and weak global demand, analysts said. US benchmark West Texas Intermediate (WTI) for November delivery climbed five cents to $81.89 a barrel in late-morning trade and Brent crude...


Oil prices hit new multi-year lows in Asia

By: Web Desk, Uploaded: 14th October 2014

Oil prices hit new multi-year lows in Asia SINGAPORE- Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China. US benchmark West Texas Intermediate (WTI) for November delivery was down 65 cents at a two-year-low $85.09 in late-morning trade and Brent crude retreated 74...


Oil prices down in Asian trade as weak demand weighs

By: Web Desk, Uploaded: 13th October 2014

Oil prices down in Asian trade as weak demand weighs SINGAPORE- Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth woes and supplies increase. US benchmark West Texas Intermediate for November delivery fell 94 cents to $84.87 — its weakest for two years — while Brent North Sea crude lost 96 cents to a four-year low...


Oil prices extend losses on demand fears

By: Web Desk, Uploaded: 10th October 2014

Oil prices extend losses on demand fears SINGAPORE- Oil prices sank Friday to more than two-year lows as weak economic data from Germany underscored concerns over a global economic slowdown and its impact on energy demand, analysts said. In Asian trade US benchmark West Texas Intermediate for November delivery tumbled $1.49 to $84.87, its weakest level since June 2012. Brent crude fell...


HESCO revives sports committee

By: Web Desk, Uploaded: 9th October 2014

HESCO revives sports committee HYDERABAD: The management of Hyderabad Electric Supply Company Thursday revived its sports committee with induction of new members. According to a HESCO spokesman, the Chief Executive Officer Muhammad Saleem Jaat will act as the Patron in Chief of the committee while Director Admin and HR Syed Imran Ali Askari, Project Director Construction Najamuddin Abro and...


Oil prices slip on increased supply, strong dollar

By: Sumaira Alwani, Uploaded: 6th October 2014

Oil prices slip on increased supply, strong dollar HONG KONG: Crude prices slipped Monday to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report, as analysts warned of further losses. US benchmark West Texas Intermediate for November delivery was down 18 cents at $89.56. On Friday it closed below $90 for the...


Record funds allocated for health, education: Mujtaba

By: Web Desk, Uploaded: 4th October 2014

Record funds allocated for health, education: Mujtaba LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that record funds are being provided to health and education sectors for the provision of best facilites to the people. Talking to party workers at Shalimar Town here Saturday, he said the main focus of the government was on protecting the health of people through strengthening of...


Two Eid special trains on Saturday

By: Web Desk, Uploaded: 3rd October 2014

Two Eid special trains on Saturday LAHORE: Two Eid special trains out of 14 will be operated on Saturday which will carry passengers to their destinations. According to the PR sources on Friday, the first special train will depart from Karachi for Sargodha via Faisalabad on 9:00 am while the second will leave Karachi for Lahore via Multan-Faisalabad on 11:00 am....


Oil prices rise ahead of US jobs report

By: Web Desk, Uploaded: 3rd October 2014

Oil prices rise ahead of US jobs report SINGAPORE- The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices. US benchmark West Texas Intermediate (WTI) for November delivery rose 56 cents to $91.57, while Brent crude for November gained 43 cents...


Cattle markets sale gains momentum

By: Web Desk, Uploaded: 2nd October 2014

Cattle markets sale gains momentum LAHORE: With three days left in Eid-ul-Azha, sale of sacrificial animals at markets has gained momentum as numerous buyers and hundreds of  livestock breeders are seen busy in the business activity. A huge number of sacrificial animals are being brought for sale at different cattle markets in the city. Traders while talking to APP said...


Pakistan’s Liquid Foreign Reserves Position

By: Web Desk, Uploaded: 2nd October 2014

Pakistan’s Liquid Foreign Reserves Position KARACHI: The total liquid foreign reserves held by the country stood at US$13,210.5 million on September 26,2014,a statement issued by State Bank of Pakistan (SBP) here on Thursday said. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the SBP:    US$  8,609.8  million ii) Net foreign reserves held by...


 
 
 



 
 
 



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