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Oil prices dip after weak China data

Source: Geo News | 24-07-2013

SINGAPORE: Oil prices slipped in Asian trade Wednesday as weak Chinese manufacturing activity fuelled concerns over energy demand in the world\'s second biggest economy, analysts said.

New York\'s main contract, West Texas Intermediate for delivery in

September, was down 27 cents at $106.96 a barrel in mid-morning trade, while Brent North Sea crude for September shed 22 cents to $108.20.

LCCI flays new visa regime suspension

Source: The Nation | 17-01-2013

The Lahore Chamber of Commerce and Industry is greatly anguished at suspension of day-old new visa regime by the Indian Prime Minister and Army Chief remarks, terming them a severe blow to trade normalization process being pushed by the business community. In a joint statement issued here on Wednesday, the LCCI Senior Vice President Irfan Iqbal Shei..... Read more

Oil prices jump amid bloodshed in Egypt

Source: Geo News | 03-07-2013

SINGAPORE: Oil prices rose sharply in Asian trade Wednesday on growing concerns that the escalating political crisis in Egypt could affect the rest of the Middle East and disrupt world crude supplies, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, was up $2.20 at $101.80 a barrel in m..... Read more

CCP imposes penalty of Rs 8.64b on fertilizer companies

Source: The Nation | 03-04-2013

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 8.64 billion on leading fertilizer manufacturing companies - Engro Fertilizer Limited (EFL) and Fauji Fertilizer Company Limited (FFC) - for abuse of their dominant position through unreasonable price increase. The Commission took notice on its own of a price increase carried o..... Read more

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