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1-10 results from 1000 for query «economy»

July 17, 2018 12:00 AM Gold jumps Rs850/tola on rupee depreciation

KARACHI: Gold grew dearer in the local market going up by Rs850/tola to reach Rs59,650/tola largely driven by the depreciation of rupee that is currently in the dumps against dollar, traders said on Monday. Gold appreciated by $2 to $1,244 per ounce in the international market. Haji Haroon Chand, president Sindh Sarafa Bazar Association, said the gold became

July 13, 2018 12:00 AM Bank of Korea holds rates

SEOUL: South Korea´s central bank held its base rate steady on Thursday, as expected, but one board member´s dissenting vote may have raised the odds of a rate hike in coming months as major peers tighten monetary policy. A downturn in South Korea´s labour market and feeble price growth have added to policymakers´ concerns over the extent of recovery 3

July 12, 2018 12:00 AM Bahrain’s economy shrinks in Q1 as oil production sags

DUBAI: Bahrain´s economy shrank on an annual basis in the first quarter of 2018 for the first time in at least seven years, hit by a fall in oil production, data from the official statistics agency showed on Wednesday. The figures may increase concern about the health of Bahrain´s economy as it struggles with a current account gap and a large state budget 3

July 11, 2018 12:39 PM China rejects Pakistan’s debt risk affects CPEC

BEIJING: China has rejected the reports that Pakistan’s foreign exchanges reserves are in short and would affect China-Pakistan Economic Corridor, which is the flagship project of Belt and Road Initiative proposed by Chinese President Xi Jinping in 2013. Chinese Foreign Ministry spokesperson Hua Chunying said on Wednesday, The Western media reports that Pakistan's 7

July 11, 2018 12:00 AM Saudi women allowed to become notaries for first time

RIYADH: Women in Saudi Arabia have for the first time been allowed to become notaries, with 12 granted permission to start working in the profession, the justice ministry said Monday. The move comes amid a reform drive in the kingdom that saw the authorities lift a ban on women drivers in June. As notaries the women can now issue and cancel powers of attorney 1

July 11, 2018 12:00 AM Switzerland launches WTO action

GENEVA: Switzerland has launched a complaint at the World Trade Organization against U.S. tariffs on steel and aluminium, it said on Tuesday, the eighth WTO member to start such a challenge. "From Switzerland´s point of view, the additional duties, which according to the U.S. have been introduced to protect national security, are unjustified," the statement

July 10, 2018 12:00 AM Amazon to bring 1,700 jobs to Italy

Milan: Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country´s groaning economy to 5,200. In a statement Amazon said that the new positions would be permanent hires and open to "people with all levels of experience, training and skills, from software 2

July 8, 2018 2:15 AM Emirates’ A380 special flight lands at IIA today

RAWALPINDI: The Dubai-based Emirates Airlines will operate one of the world’s largest double-deck passenger airplanes – A380 – to the new Islamabad International Airport (IIA) on July 8, the airlines announced. A press release issued by the airlines said the one-off A380 flight EK-2524 would depart from Dubai on July 8 at 8am and arrive at the IIA at 1210pm. Emirates 1

July 8, 2018 12:00 AM Pakistan ranked among 25 most powerful countries: report

WASHINGTON: Pakistan has dropped two positions to 22 in the list of most powerful countries in the world leaving Singapore, Spain and Brazil behind in a new global ranking. As per the list published by US News and World Report, an American media house publishing since 1933 has placed the South Asian country at the 22nd spot. The ranking is based on the influence

July 8, 2018 12:00 AM Placing Pakistan on grey list not to affect economy: Pak envoy

WASHINGTON: Pakistan Ambassador to US Ali Jahangir Siddiqui has said inclusion of Pakistan in grey list will make no difference for national economy hoping Pakistan will come out of grey list within 15 months. Placement of Pakistan in grey list of Paris based Financial Action Task Force (FATF) will make no difference on national economy. It is expected