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Asian trade Oil prices mixed 2014

Asian trade Oil prices mixed 2014

Asian trade Oil prices mixed 2014 SINGAPORE: Oil prices were mixed in Asian trade Friday, although they were given a measure of support by lingering concerns over tensions in Ukraine and Libya. The US benchmark, West Texas Intermediate (WTI) for delivery in July, fell two cents to $103.72 per barrel in mid-morning trade. Brent North Sea crude for July delivery …

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World Bank IFC considering buy Equity Stake in Pakistan Bank Alfalah

World Bank IFC considering buy Equity Stake in Pakistan Bank Alfalah

World Bank IFC considering buy Equity Stake in Pakistan Bank Alfalah KARACHI: The World Bank’s International Finance Corporation (IFC) is considering buying an equity stake in Pakistan’s Bank Alfalah, the Karachi-based lender said in a statement. Setup in 1992, Bank Alfalah is owned and operated by the Abu Dhabi Group, which is owned by a member of Abu Dhabi’s ruling …

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Karachi Stock Exchange CGT rate confusion in the upcoming budget

Karachi Stock Exchange CGT rate confusion in the upcoming budget

Karachi Stock Exchange CGT rate confusion in the upcoming budget KARACHI: Pakistan’s main stock exchange closed lower on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.29 percent, or 82.80 points, to 28,760.12. Due to confusion on capital gain tax rate in the upcoming budget, some profit taking was seen in leading stocks. Pakistan State Oil …

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India Market hoping Pakistani Mango growers

India Market hoping Pakistani Mango growers

India Market hoping Pakistani Mango growers RAJBAH CHAWAN: Pakistani mango growers are hoping to take a slice out of rival India´s export market thanks to tough new European regulations. The sweet yellow fruit is a contentious matter regionally, with both countries proclaiming it a national treasure and fighting over whose specimens are superior. Economically, at least, mango exports are one …

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4G License Auction 2014, Pakistan raises $1.1 billion with 3G

4G License Auction 2014, Pakistan raises $1.1 billion with 3G

4G License Auction 2014, Pakistan raises $1.1 billion with 3G Pakistan on Wednesday raised more than $1.1 billion in its long-delayed auction of next-generation telecommunications licences, snapped up by the country´s four existing mobile network providers. The government sold off four licences to provide 3G services, which allow broadband-speed internet on mobile phones, and one for superfast 4G connections. The …

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President Barack Obama Asia Tour 2014 Dollar holds steady

President Barack Obama Asia Tour 2014 Dollar holds steady

President Barack Obama Asia Tour 2014 Dollar holds steady The dollar held steady against the yen in Asia on Wednesday, with traders looking for developments in US-Japan free trade talks as President Barack Obama starts an Asian tour. In Tokyo midday trade, the greenback changed hands at 102.57, a touch down from 102.60 yen in New York Tuesday afternoon, while …

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Oil Prices inched Higher in Asian 2014

Oil Prices inched Higher in Asian 2014

Oil Prices inched Higher in Asian 2014 Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand in the world´s top crude consumer. New York´s main contract, West Texas Intermediate for May delivery, was up two cents at $101.77 a barrel in mid-morning trade while …

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Tensions between Russia and Ukraine, Gold Prices Higher

Tensions between Russia and Ukraine, Gold Prices Higher

Tensions between Russia and Ukraine, Gold Prices Higher Gold prices settled higher for the first time in a week as tensions between Russia and Ukraine give the precious metal some support. Russia warned Wednesday that it would mount a firm response if its citizens or interests come under attack in Ukraine. Separately, Dutch, British and Danish fighter jets scrambled Wednesday …

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President Barack Obama visit Asian stocks mixed

President Barack Obama visit Asian stocks mixed

President Barack Obama visit Asian stocks mixed Asian shares lacked a clear direction in early Thursday trading as players took a mostly wait-and-see view ahead of talks between Japan´s prime minister and visiting President Barack Obama. Adding to the mixed view was the fall on Wall Street overnight, despite a solid earnings report from Apple Inc. that sent that issue …

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Asian Trade Oil prices rebounded 2014

Asian Trade Oil prices rebounded 2014

Asian Trade Oil prices rebounded 2014 Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high. New York´s West Texas Intermediate for June delivery, was up 30 cents at $101.74 a barrel in afternoon trade, and Brent North Sea crude for June rose 24 cents to $109.35.Both …

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