Business

Refinery plants of Chambroad Petrochemicals are seen in Boxing, Shandong Province, China, May 10, 2016. REUTERS/Meng Meng/Files NEW YORK: Oil prices held steady in a tight range Monday after briefly testing lower, with support from Middle East tensions and record

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, May 18, 2017. REUTERS/Brendan McDermid/Files NEW YORK: US stock indexes rose on Monday as a sharp drop in General Electric shares was more than

KARACHI: Pakistan’s public debt increased to Rs21.770 trillion in August, 11.23 per cent higher than that recorded a year earlier, the central bank’s data showed on Saturday. The debt came in at Rs19.572 trillion as of August 31, 2016. A

SHANGHAI: Alibaba, the Chinese e-commerce giant, said its Singles’ Day sales surged past last year’s total just after midday Saturday, hitting a record $18 billion (£13.6 billion), pointing to a likely giant haul for the world’s biggest shopping event. Once

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday raised the freight fares for oil tankers by 64% after the All Pakistan Oil Tankers Association (APOTA) threatened to go on a strike. Transportation fares for oil tankers taking the

A Bitcoin (virtual currency) coin placed on Dollar banknotes is seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration LONDON: Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday,

Rupert Murdoch stands at the US Open men’s final in New York, US, September 10, 2017. REUTERS/Mike Segar/Files NEW YORK: Rupert Murdoch telephoned AT&T Inc Chief Executive Randall Stephenson twice in the last six months and talked about cable network

A pump jack is seen at sunrise near Bakersfield, California, US, October 14, 2014. REUTERS/Lucy Nicholson/Files NEW YORK: Crude was down slightly on Friday as expectations that OPEC and other producers will extend their production cut agreement were offset by

The Wall Street bull is seen in the financial district in New York, US, March 7, 2017. REUTERS/Brendan McDermid/Files   NEW YORK: Fears of a delay in President Donald Trump’s long-promised corporate tax cuts sent the Dow lower on Friday,

Photo: File  ISLAMABAD: A body representing oil companies in Pakistan said Honda Motor Company, which has blamed local gasoline companies for damage to engines in one of its vehicle models, appears to know the engines are incompatible with Pakistani fuel