As imports continue to grow in terms of volume and higher costs, Pakistan’s foreign trade deficit has widened, but there is stopping of business. While this is good news for Pakistan’s trading partners, especially those exporting to this country, it should worries to the economic managers.
Markets10 years ago
Once a poster boy of resurgent India, the telecom sector is now reeling under severe competition, rock bottom tariffs and cash crunch following the outgo on 3G spectrum auction last year.
Markets10 years ago
PARIS - European planemaker Airbus suffered a fresh setback to its largest twin-engined jet development, the A350-1000, when it emerged that Gulf carrier Etihad had cancelled seven aircraft worth $2.3 billion at current list prices.
Markets10 years ago
LONDON — Greek election results reignited concerns over the country’s ability to stave off bankruptcy, though losses elsewhere were trimmed on hopes that France’s new president may prompt a change in Europe’s strategy to fight the debt crisis.
Markets10 years ago
NEW YORK - The S&P 500 and Nasdaq were little changed Monday, rebounding from steep losses early in the session after election results in Europe clouded the region’s outlook as it grapples with a financial crisis.
Markets10 years ago
LONDON - Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone’s ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.
Markets10 years ago
LONDON - Euro zone blue chips turned positive by mid-session on Monday, bouncing back from oversold territory after a knee-jerk reaction to French and Greek elections results sent the market to 4-1/2 month lows in early trade.
Markets10 years ago
NEW DELHI - India delayed by a year the rollout of measures to crack down on tax evasion, mollifying overseas investors rattled by uncertainty over proposals that had spurred an exodus of funds and battered the rupee.
Markets10 years ago
World stocks fell and the euro wavered on Monday on renewed uncertainties in the eurozone after voters in Greece and France turned against German-led austerity.
Markets10 years ago
Oil slid below $98 a barrel Monday in Asia, bringing its fall over three trading days to about 7 percent, as a slowdown in U.S. hiring and election results in Europe dimmed expectations of stronger economic growth.
Markets10 years ago
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