Islamabad: The Oil and Gas Regulatory Authority (Ogra) Sunday formulated new prices of petroleum products and Compressed Natural Gas (CNG), changing prices within week keeping in view the global oil prices.
Islamabad: Speakers and participants in a roundtable session stressed on the need for financing macro-level projects of renewable and alternative energy in Pakistan by International Financial Institutions (IFIs) at the generation and supply end; and by Microfinance Institutions (MFIs) at the consumer end in order to meet the growing demand of electricity, which would reach around…
Islamabad: Pakistan finance ministry on Sunday approved hike in the prices of all the petroleum products except the petrol under the weekly revision.
Beijing: Chinese exports rose 9.9 percent in September year-on-year to a record monthly high, the government said on Saturday, but analysts warned the performance was unsustainable given the weak global outlook.
Tokyo: European Central Bank chief Mario Draghi said Saturday reforms to the way European Union banks are supervised would probably not be implemented for another “year or so”. Political leaders have been working towards agreement on a single European banking supervisory body by the start of next year, but Draghi said it would not be…
Tokyo: The world economy needs to balance austerity with growth if it is to recover properly from the global financial crisis, a key IMF committee said in Tokyo on Saturday.
New York: A US beverage industry group and other businesses filed a lawsuit Friday against the administration of New York Mayor Michael Bloomberg in a bid to block restrictions on sales of large soda drinks.
New York: JPMorgan Chase’s third quarter earnings surged 34 percent, the US banking giant said Friday, as it put behind the $6 billion of losses racked up earlier this year in its “London Whale” derivatives trade debacle.
Washington: The US budget deficit fell sharply in just-ended fiscal 2012 to $1.1 trillion, the Treasury said Friday as the Obama administration claimed success in cutting spending and raising fresh revenue.
Tokyo: Germany’s finance minister said Friday there is “no alternative” to cutting bloated national balance sheets, pressing a hard line even as the IMF urged debt-addled countries to be given breathing space.