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Oil prices down on US debt ceiling concerns

Source: Geo News | 07-10-2013

SINGAPORE: Oil prices edged lower in Asian trade Monday on growing concerns the US budget crisis could spiral into a devastating debt default and ravage the global economy.

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

fell 57 cents to $103.27 in mid-morning trade, while Brent North Sea crude for November eased 40 cents to $109.06.

Textile industry ready to invest $1b in BMR

Source: The Nation | 21-03-2013

The All Pakistan Textile Mills Association has said that textile industry in Pakistan is ready to invest $1 billion in Balancing, Modernization and Replacement (BMR) of the units and looking for various options of importing machinery ahead, as textile operators continue to remain engaged in revamping and modernisation of their manufacturing units. Chairma..... Read more

Dollar under pressure in Asia following BoJ meeting

Source: GEO News | 12-06-2013

TOKYO: The dollar was under pressure against the yen in Asia on Wednesday morning after the Bank of Japan (BoJ) held off launching fresh easing measures following a closely-watched policy meeting. The greenback fetched 96.55 yen in Tokyo morning trade, after it sank to 96.01 yen in New York on the back of the BoJ decision, but it was still well down..... Read more

Bears rule Islamabad Stock Exchange

Source: The News | 27-03-2013

Islamabad Stock Exchange (ISE-10) Tuesday witnessed a bearish trend as the index fell by 34.43 points to close at 3375.98 as compared to previous day's trading. Stock analysts said the technical correction was seen in the local stock market after many bullish sessions."The investors preferred to book profits by off-loading major positions in the b..... Read more

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