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Oil prices slip on concerns over US debt ceiling

Source: The Nation | 16-01-2013

Global oil prices fell on Tuesday after Obama warned Republicans over the debt ceiling, with traders bracing for more US partisan bickering in the coming weeks. In London deals, Brent North Sea crude for delivery in Feb declined 9 cents to $111.79.

New York's main contract, light sweet crude for Feb or WTI, reversed 16 cents to $93.98l. "Oil prices have been in a consolidation mode on Tuesday morning, as the lack of the agreement over the US debt ceiling and further build in the US oil crude stocks weighed further on market sentiment," said Sucden analyst Myrto Sokou.

Asian shares mixed

Source: Dunya News | 02-01-2014

Asian share markets began the new year mixed on Thursday, with another record-breaking close on Wall Street offset by a slowdown in Chinese manufacturing growth. Trading across the region was quiet after the break. The dollar held on to its recent gains against the yen, sitting just below five-year highs. Sydney added 0.29 percent, or 15.7 points, to 5..... Read more

CNG to remain close for two days in Sindh

Source: Geo News | 16-12-2013

CNG filling stations will again observe two days closure in Sindh including Karachi in the current week, following the load shedding schedule issued by the Sui Southern Gas Company (SSGC), Geo News reported. According to the schedule issued by SSGC, CNG stations are closed from 8am today for 24 hours in Sindh including Karachi. The gas supply will re..... Read more

Emerging market currencies in red ink over US policy fears

Source: Geo News | 21-08-2013

LONDON: Emerging market currencies have taken major hits recently as investors pull out money in anticipation the US Federal Reserve will begin to taper its stimulus effort, with India and Brazil also punished for slow growth. The plunge for some currencies has been steep, with the Indian rupee losing about 19.5 percent of its value against the US..... Read more

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