Oil markets opened up strong into the new week, with Brent crude up by one percent as concerns over renewed US sanctions against Iran drove prices up. A falling US rig count also supported prices there. Brent crude futures LCOc1,

WASHINGTON: The growing split between the United States and the rest of the world spilled into the annual meetings of the International Monetary Fund and World Bank in Washington this week. The US administration showed a diminished view of the

IMF Governors’ family photo during the IMF/World Bank annual meetings in Washington, US, October 14, 2017. REUTERS/Yuri Gripas WASHINGTON: Member countries of the International Monetary Fund (IMF) on Saturday welcomed the global upswing in economic activity but warned that the

KARACHI: The government does not have any plans to devalue Pakistani rupee, Prime Minister Shahid Khaqan Abbasi said during a meeting with stock brokers on Saturday. While talking in Karachi about the country’s economy, the premier said they would take

The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017.  Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the US ride-hailing app adopts a more

KARACHI: The macroeconomic factors are far from encouraging and vehemently on the rise during the fiscal year 2017, according to a World Bank report published recently. The WB’s ‘South Asia Economic Focus Fall 2017’ report mentioned that the macroeconomic uncertainties

Relations between Ankara and Washington have long been plagued by disputes over US support for Kurdish fighters in Syria. Photo: Reuters  ANKARA: Turkey urged the United States on Monday to review its suspension of visa services after the arrest of

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, October 4, 2017. REUTERS/Brendan McDermid/Files Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset

Traders work on the floor of the New York Stock Exchange (NYSE), May 18, 2017. REUTERS/Brendan McDermid/Files NEW YORK: World shares edged lower on Monday after key German and US indexes hit fresh record peaks, while oil prices rose slightly

ISLAMABAD: The production of motorcycles in the country witnessed a sharp increase of 34.81 per cent during first two months (July-August) of 2017-18 as compared to same period last year. Motorbike production jumped to 324,824 units in July- August (2017-18) from