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Oil prices mixed ahead of US crude inventory report

Source: Geo News | 07-08-2013

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors awaited the latest US crude stockpiles data for clues about demand from the world's biggest oil consumer, analysts said.

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

September, was up six cents at $105.36 a barrel in mid-morning Asian trade, and Brent North Sea crude for September shed 10 cents to $108.08.

Budget deficit can touch 8.5pc of GDP to Rs 2tr

Source: The Nation | 12-03-2013

Pakistan’s budget deficit could touch to Rs 2 trillion at the end of the ongoing financial year 2012-13 owing to the mismanagement of incumbent government. “Pakistan budget deficit can go beyond 8.5 percent of the GDP (equivalent to almost Rs 2 trillion) during the ongoing financial year 2012-13 due to several reasons particularly steps taken ..... Read more

Public transporters hike fare 30pc on fuel shortage

Source: The Nation | 03-01-2013

The CNG stations which were supposed to open on Thursday (today) are likely to remain closed throughout week in the City. The severe shortage of CNG and availability of LPG at high price led disappearance of public transport at urban routes since both kinds of fuels are being used in majority of vehicles. Million of commuters, already having limited pub..... Read more

Euro sinks in Asia

Source: Geo News | 01-11-2013

The euro extended its losses in Asian trade Friday after a weak set of inflation data raised fears the debt-wracked eurozone could sink into a deflationary spiral. The single currency bought $1.3547 and 133.04 yen in Tokyo, against $1.3579 and 133.60 yen in New York and sharply lower than the $1.3708 and 134.85 yen late in Asia Thursday. The dollar slippe..... Read more

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