Oil prices are likely to be pressured this year and next as low demand from a slowing global economy and a surge in US shale output offset support from OPEC production cuts and Middle East supply risks, a Reuters survey shows.
Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.
Private exporters reported the sale of 132,000 tonnes of US soyabeans to China on Friday, the latest in a string of purchases the top buyer of the oilseed has booked as the world's two largest economies negotiate to end a bilateral trade war that has last
India's 2019-20 sugar production should fall to 26.9 million tonnes, 1.3 million tonnes below an August projection, due to unfavorable weather conditions, broker and analyst INTL FCStone said on Thursday.
Russia has agreed to provide Vietnam with a list of its wheat exporters for approval, the Russian regulator said on Tuesday, as the two countries try to resolve Vietnamese quality concerns about the Russian crop.
Central Punjab skipper Ahmed Shehzad has been fined 50-percent of his match fee, while his team-mate Azhar Ali and Sindh fast-bowler Sohail Khan have received official reprimands for violating PCB Code of Conduct during their Quaid-e-Azam Trophy match, wh
Liverpool staged a thrilling fightback to beat Aston Villa 2-1 thanks to Sadio Mane's last-gasp winner, while Manchester City kept in touch with the Premier League leaders after their own escape act in a 2-1 victory against Southampton on Saturday.
David Warner has bounced back from a poor Ashes campaign with a red-hot run of form in the Twenty20 series against Sri Lanka, which he attributes to "maintaining the rage".
Pakistan women cricket team beat Bangladesh women team by 29 runs in the first ODI at Gaddafi Stadium on Saturday to take 1-0 lead in the two-match series.
South Africa stunned pre-match favourites England 32-12 with a brutally effective forward display to win their third World Cup in Yokohama on Saturday.
World number one Ashleigh Barty overcame the hitting power of Karolina Pliskova with a comeback victory on Saturday to set up a mouth-watering WTA Finals decider against defending champion Elina Svitolina.
Novak Djokovic beat Grigor Dimitrov on Saturday to set up a Paris Masters final against Canadian youngster Denis Shapovalov, as Rafael Nadal withdrew from the tournament with an abdominal injury.
Asia's naphtha crack rose for a third straight day on Thursday to one week high of $87.78 a tonne, supported by tight supplies. The strong fundamentals were reflected in spot premiums. Taiwan's Formosa Petrochemical Corp, for instance, bought 150,000 tonn
The dollar dropped on Friday after data showed a mixed view on the economy, and as optimism that the United States and China will reach a deal to end their trade war reduced safe-haven demand for the greenback. The dollar initially gained after US jobs gr
The Canadian dollar edged higher against its US counterpart on Friday, reducing this week's decline as investors grew more optimistic on prospects for a trade deal between the United States and China and on the outlook for economic growth. Canada exports
Most Latin American currencies made healthy gains on Friday, putting an index of regional currencies on track for a third week of gains, while Brazil stocks scaled new highs as positive data from the United States and China lifted global sentiment. Brazil
Speculators cut their net long bets on the US dollar in the latest week to a 9-week low, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $13.28 billion in
As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijing's desire to have fail-safe control over its cash economy. China's central
US stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth. Job growth slowed le
Eurozone government bond yields pushed higher on Friday as the market took positive signs from US data releases and Christine Lagarde began her presidency of the European Central Bank. Positive US data readings eased demand for safe-haven government bonds
Australian investment bank Macquarie Group is exiting its cash equities businesses in the United States and Europe, a source with direct knowledge of the matter told Reuters on Tuesday, as tougher regulations bite. The bank, which employs about 700 people
The African Export-Import Bank has postponed a proposed London initial public offering, becoming the latest in a string of companies to cancel such plans in recent weeks in a challenging year for stock listings. The Cairo-based bank, which was looking to
Egyptian President Abdel Fattah al-Sisi suggested Thursday listing military-owned companies on the stock exchange, along with other state-run firms and assets. "There must be an opportunity for the armed forces' companies. They must enter the stock market
Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter. The Wall Street bank plans to cut the number of websites and systems f
Thousands rallied in Glasgow on Saturday calling for Scotland to become an independent country, with First Minister Nicola Sturgeon telling the crowds that their goal was "within touching distance".
US President Donald Trump announced Friday that a senior department official, Chad Wolf, would become the nation's new acting homeland security chief, a role at the center of his crackdown on undocumented immigration.
Hong Kong police fired tear gas and water cannon Saturday as thousands of democracy protesters defied authorities in another unsanctioned march after Beijing vowed to tighten control over the unrest-plagued city.
British Prime Minister Boris Johnson drew an angry backlash from Brexit Party leader Nigel Farage on Saturday after he rejected calls to drop his Brexit deal and embrace a clean break from the European Union, potentially splitting the eurosceptic vote.
A US envoy has expressed concern about Serbian interest in Russian air defence systems, warning Belgrade to be "careful and cautious" about buying them, in comments to North Macedonia television.
Security forces killed a protester and wounded 91 others in Baghdad on Saturday, security and medical sources said, as thousands of Iraqis continued to gather in mass anti-government protests.
Israel carried out retaliatory strikes on Gaza Saturday killing a Palestinian and wounding two others, following two nights of rocket attacks that were the first since September.
A car bomb killed at least 13 people in a Turkish-held border town in northeast Syria Saturday, as thousands of Kurds in the wider region protested against a "Turkish occupation".
German Chancellor Angela Merkel said on Saturday her country will spend one billion euros ($1.12 billion) in the next five years on green urban mobility projects conceived under the new German-Indian partnership.
Ratings agency Fitch on Friday revised Turkey's outlook to "stable" from "negative" and affirmed its "BB-" rating, saying it did not expect credit fundamentals to be impacted by Ankara's operation in northeastern Syria.
Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad.
Malaysia rejected a compensation offer of "less than $2 billion" from Goldman Sachs for the role of its subsidiaries in the multi-billion-dollar 1MDB scandal, an aide to the country's prime minister said Saturday.
The UN chief on Saturday warned Asia to quit its "addiction" to coal, as climate change threatens hundreds of millions of people vulnerable to rising sea levels across the region.
Iran signed a preliminary agreement with Syria on Saturday to help rebuild the Arab ally's electricity grid, Iranian state media reported, as Tehran seeks a deepening economic role after years of the Syrian conflict.
Sri Lanka's economy was slowly recovering from the impact of the Easter Sunday suicide bombings that killed hundreds and crippled the booming tourism sector, the International Monetary Fund said Saturday.
Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett's inability to deploy the conglomer
The British government called a halt Saturday to the controversial process of "fracking" due to fears it could trigger earthquakes in a surprise U-turn just weeks before a general election.
An special court for Control of Narcotics Substance (CNS) on Saturday adjourned the proceedings of a drug case against former law minister Rana Sanaullah Khan, till Nov 16th. Earlier, the special court judge told the defence and prosecution that he could
Provincial Minister for Human settlements and special development Ghulam Murtaza Baloch has said that Sindh government is cooperating with NGOs working in the public welfare sector and hope that more people will come forward in this sector and will serve
Environment Protection Department (EPD) Punjab has launched smog awareness campaign in different districts of the province to sensitise people to be well-prepared to avoid health hazards and take safety precautions. According to a spokesman, the campaign
The category 5 super cyclone Kyarr (04A) generated higher than usual waves in the central Arabian Sea resulting in the inundation of many villages in Keti Bunder and creek areas along the Indus Delta, the WWF-Pakistan said on Saturday. Similarly, it said,
SU campus at Jamshoro took on a festive look as around 23,000 candidates of which around 5000 were girls and the rest boys dotted in throngs and long beelines the entire width and breadth of the varsity to appear in pre-entrance test for admission to as m
Ambassador of Maldives to Pakistan Ahmed Saleem has urged the Pakistani business community to focus on improvement of contacts with their counterparts in Maldives which would be proved favourable for the two countries. He was speaking at the Lahore Chambe
Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that new agricultural fair price shops would be set up in the backward areas of the province for provision of quality essential items on subsidized rates. The Minister stated this while
Punjab Chief Minister Sardar Usman Buzdar on Saturday taken notice of infestation of locust swarms on the crops in the areas of Bahawalpur and Muzzafargarh and issued instructions to the agriculture department, administration and other concerned departmen
A funeral prayers of Nawab Ashiq Hussain Qureshi, cousin of Foreign Minister Shah Mahmood Qureshi, was held here on Saturday. The Foreign Minister, Punjab Chief Minister Sardar Usman Buzdar, Punjab Governor Punjab Muhammad Sarwar, Punjab Finance Minister
Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has said that the supreme motive for participation in Bangladesh Leather Tech Fair is to promote the bilateral trade activities between Pakistan and Bangladesh to increase the trade volume
Govrenment's top priority is to run economy on strong foundations creating opportunities for livelihood, more trust among foreign investors and enable local industries to flourish. Adviser to Prime Minister for Institutional Reforms & Austerity, Dr Ishrat
The Pakistan Industrial and Traders Associations Front (PIAF) have condemned the government's decision to increase prices of three major petroleum products. The Rs20 per 11kilogram domestic cylinder for the month of November will cause an additional burde
The provincial ministers kept guessing failure of the sit-in of Maulana Fazlur Rehman throughout on Saturday. The Punjab Minister for Colonies department Fayyaz-ul-Hassan Chohan said the opposition parties are confused over the continuity of the sit-in. B
The Met Office said on Saturday that the city may witness partial rain on Sunday (today). Meanwhile, they have predicted cloudy weather during the next 24 hours; however, smog would continue to rise in the absence of rain. The maximum and minimum temperat
Minister for Kashmir Affairs and Gilgit-Baltistan Ali Amin Gandapur said on Saturday that the intransigence of JUI-F Chief Fazlur Rehman has inflicted irreparable harm to Kashmir cause. In a statement, he said Prime Minister Imran Khan, on the other hand,
Former Prime Minister Shahid Khaqan Abbasi was shifted to PIMS Hospital for a check up on Saturday after his health deteriorated. PIMS spokesperson Dr Wasim said the PML-N leader underwent check up for hernia, heart, lungs and Kidney stones. According to
Trading community has rejected increase in tax on the commercial buildings by the provincial government and termed it unbearable and vowed not to accept in any circumstances. The meeting held here at Peshawar Chamber of Small Traders and Industries (PCSTI
Strict security measures have been put in place outside Prime Minister Imran Khan's Bani Gala residence in the wake of Maulana Fazal-ur-Rehman's speech. The containers have been placed at the roads heading towards Bani Gala, while the police and FC person
Advisor to Prime Minister for Trade & Investment in the UK and Europe, Sahibzada Jehangir said on Saturday that more than 200 investors not only participated in the Lift Pakistan Investment Conference 2019 but agreements were also signed to increase futur
The federal capital has witnessed a significant influx of people with enhanced economic activities, as many temporary shops, hotels and stalls have been set up in the surrounding areas of 'Azadi March' venue. Faisal Mosque, Daman-e-Koh, Islamabad Zoo, Pla
Senior leader of Pakistan People's Party (PPP), Barrister Aitzaz Ahsan said statement like arrest of prime minister by some groups is unconstitutional. Talking exclusively to a private TV channel, he questioned who allowed companions of Maulana Fazlur Reh
Prime Minister Imran Khan has directed the provincial governments to ensure availability of daily use items at minimum prices to people in their respective provinces. He gave the direction while chairing the Core Committee meeting of Pakistan Tehreek-e-In
Prices of most of the essential kitchen items have witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed during the week under review veget
In order to cater future traffic needs and further expand and extend the road infrastructure in the federal capital, the Capital Development Authority (CDA) has decided to construct five interchanges in the city. Instructions have been issued to prepare P
Vice-Chancellor, University of Sargodha, Ishtiaq Ahmed said that cooperation in the agriculture sector is very important between Pakistan and China and Pakistani universities which can benefit from Chinese research and technology in this vital field. Talk
Federal Minister for Economic Affairs, Hammad Azhar, said Saturday that the opposition parties are worried over Prime Minister Imran Khan's effective steps for making improvements in the national economy. Hammad Azhar, while talking exclusively to a priva
Special Assistant on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said the country's institutions are our pride and guarantor of the defence and security of the motherland.
Nanbais (bakers) have demanded the district administration to increase roti price by Rs5. Importantly, the representatives of the nanbai association have given a deadline till November 5 for the acceptance of their demand and warned if that didn't happen,
President Dr Arif Alvi meets Governor Punjab Chaudhry Mohammad Sarwar and Chief Minister Sardar Usman Buzdar, here at Governor's House and discussed matters concerning development strategy in Punjab and matters of mutual interest.
The National Highway Authority (NHA) Executive Board has recommended provision of land to National Highway & Motorway Police (NH&MP) at three sites for establishment of offices of Driving Licensing Authority (DLA) by granting exemption from Leasing Policy
Jamaat-e-Islami Chief, Senator Sirajul Haq has said that the imposition of draconian economic policies, rising unemployment and skyrocketing inflation are the hallmarks of the PTI government.
President of Pakistan Dr. Arif Alvi said on Saturday that the youth of the country should make their identity through music, literature and culture instead of indulging in the negative activities.
Kissan Board Pakistan (KBP) reacting to an increase in the prices of certain petroleum products has said that it will add to the woes of the common man.
The Lahore High Court has directed the Inspector General of Police to ensure protection of witnesses of lynching incident of a Christian couple in Kot Radha Kishan.
With decline in platelets counts of the former Prime Minister to the level of around 39,000, the PML-N supremo's personal physician Dr Adnan on Saturday tweets that health of Nawaz Sharif remains 'critical.'
The cement sector has reported 9.19 percent increase in cement despatches in October 2019 despatching 4.984 million tons cement, an all time record for a month's despatches, as compared to 4.564 million tons in October 2018.
Sindh Minister for Information, Archives and Labour Saeed Ghani on Saturday said that former President Asif Ali Zardari was not being provided with the necessary treatment facilities. While slamming the federal government, the Provincial Minister said Asi
The Securities and Exchange Commission of Pakistan (SECP) with the approval of the federal government has notified the Corporate Restructuring Companies Rules, 2019. The enactment of Rules provided institutional arrangements and legal processes for the re
President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said unnecessary focus on existing taxpayers to increase revenue is resulting in frustration and disappointment which can lead to flight of capital. Talking to the busin
Pakistan Automotive Manufacturers Association (PAMA) has expressed sorrow and grief over the sad demise of the founder and Chairman of Atlas Group of Companies Yusuf H Shirazi. "It is like an end of an era as Shirazi Saheb is no more with us," said Direct
Pakistan Customs on Saturday foiled an attempt to smuggle amphetamine (heroin) to Saudi Arabia from Jinnah International Airport (JIAP), Karachi. According to details, the staff posted at JIAP intercepted a passenger Amanullah, who was travelling to Madin
Merciless daughters along with their alleged paramour killed their father and escaped after committing the crime, police said on Saturday. According to detail, tortured body of 50-year-old Muhammad Rahim s/o Abdul Rahim was recovered from fourth floor of