Business

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Business top news

OPEC disappointment strikes oil, stocks; splendid down on UK vote jitters

SINGAPORE: Crude prices were on the defensive after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets…

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Business top news

OPEC extends oil output cut by nine months to fight glut

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said The cuts are likely to be shared again by a dozen…

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Business top news

Economic Survey: GDP growth reaches 5.3% first time in eight years: Dar

ISLAMABAD: Ishaq Dar announces the Pakistan economic survey 2016-17 in Islamabad, he said that Pakistan’s Economy has surpassed five percent growth rate in fiscal year 2016 to 17, missing the growth target of…

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Business top news

OPEC endures to extend oil cuts for up to one year

OPEC and non-member oil producers are gearing up to extend output cuts, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude…

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Business top news

Basic income reform would need more taxes: OECD

Welfare reforms that would introduce public payment of an unconditional basic income to everyone of working age are worth exploring but would do little to combat poverty if not financed…

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Business top news

Govt. to launch ‘The Economic Survey of Pakistan’ on Thursday

ISLAMABAD: The government is set to launch ‘the Economic Survey of Pakistan’ for the outgoing fiscal year (2016-17) and Annual Plan for the year 2017-18 on Thursday. The official sources…

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Business top news Uncategorized

Moody’s China jolts Aussie dollar, Asian stocks

Chinese stocks fell and the Australian dollar skidded after Moody’s downgraded its sovereign credit rating on China, adding to worries about the global impact of slowing growth and rising debt…

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Business top news

Oil prices climb as market awaits extended production cut

Oil prices rose, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year on…

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Business World News

Moody’s Downgraded China’s Rating over Debt Concern

Moody’s lowered China’s local currency and foreign currency ratings to A1 from Aa3. The ratings agency also changed its outlook for China to stable from negative. “The stable outlook reflects…

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Business

PSX MidDay Report

KARACHI: On Wednesday, until Mid day, KSE-100 Index opened on a positive note and gains 871.09 points currently trading at 53018.06 and volume of 50,135,590 shares. High and Low were…

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Business top news

Wall St edges up at open ahead of Trump budget

U.S. stocks trimmed their gains on Tuesday morning, weighed down by weak economic data while investors await more details from President Donald Trump’s first full budget plan aimed at slashing…

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Business top news

Opec oil producers poised to extend oil cuts

OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a…

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