Economics

IT exports surge to $2.2 billion

In the same 10-month period of previous year, the ICT exports stood at $1.7 billion, said a statement issued by the Ministry of Information Technology…

Asian stocks rise after Wall St slips closer to bear market

BEIJING -- Asian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese…

EU deal reached on mandatory gas reserves for supply crises

Negotiators from the European Parliament and the 27 European Union member states have agreed on new regulations for mandatory gas reserve levels in…

Pakistani rupee touches 200 against US dollar in open market investors concerned

Karachi: The Pakistani rupee touched a critical threshold of 200 in the open market against the US dollar during intraday trading after shedding Rs…

Saudi Aramco weighs IPO of trading unit amid oil boom

Saudi Aramco is considering an initial public offering of its trading arm amid a boom in oil prices in what could be one of the world’s…

Stocks end mostly lower extending losing streak for S&P 500

NEW YORK -- Stocks closed a wobbly day of trading mostly lower on Wall Street Monday, extending a losing streak for markets.

The broader market…

Saudi oil giant Aramcos first-quarter profits surge 80 percent

Oil giant Saudi Aramco said its profits soared more than 80 percent in the first three months of the year as the state-backed company cashes in on…

Oil rises 4% as US gasoline prices jump to record high

Oil prices rose about 4 percent on Friday as United States gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions…