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FILE PHOTO -  An employee looks at the Oyu Tolgoi mine in Mongolia's South Gobi region June 23, 2012.   REUTERS/David Stanway/File Photo
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Mongolia agrees $5.5 billion economic bailout plan with IMF, others partners

Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statement from the IMF on Sunday. The landlocked nation…

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Iran sees oil output reaching 4 million bpd by April

Iran expects its oil production to reach 4 million barrels per day by mid-April and plans to drill 500 new wells over the next five years to raise output to…

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SBP directs banks not to provide monetary services to banned outfits

KARACHI: State Bank of Pakistan (SBP) issued directives to all commercial banks and financial institutions across country not to provide monetary services to banned outfits or persons. The move is…

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Oil firms as OPEC hover extended output cut; markets still bloated

Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude…

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United Kingdom has launched its world-reputed product house TESCO in Pakistan
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UK launches its world-reputed product house TESCO in Pakistan

KARACHI: The United Kingdom has launched its world-reputed product house TESCO in Pakistan. A press release issued on Wednesday said that the announcement about the TESCO label products at Alpha…

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Oil firm on OPEC-led cuts, but market stands range-bound

SINGAPORE: Oil prices were stable on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept crude futures within the narrow range that has contained them…

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Toshiba dives more than nine percent on shock loss-reporting delay

Shares in Toshiba dived more than nine percent on Tuesday after the huge conglomerate delayed the release of financial results expected to include billions of dollars in losses tied to…

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Dollar index hits two-week high after US-Japan meeting

LONDON: The dollar hit a two-week high against the yen with another round of solid gains on Monday as investors focused again on the US reflation trade which dominated the…

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Oil sinks as markets survive bloated despite OPEC-led cuts

Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected. Brent crude futures…

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Significant uncertainty about fiscal policy under Trump: Fed’s Fischer

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration. Speaking at the Warwick Economics Summit on Saturday, Fischer said…

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Ford plans to invest $1 bn in autonomous vehicle tech firm Argo AI

Ford Motor Co plans to invest $1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving…

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Oil prices steady on strong Chinese imports, OPEC-led production cuts

SINGAPORE: Oil prices got stable, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market on Friday. Brent crude futures LCOc1,…

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