MOSCOW: Russia’s finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despite towering spending and slumping...
COLOMBO: Sri Lanka’s electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure...
BEIJING: China’s new home prices rose in January for the first time in a year, official data showed on Thursday, as the end of the zero-COVID regime, favourable property policies...
Oil prices rose on Thursday as hopes of a robust fuel demand recovery in top oil consumer China offset losses arising from strength in the greenback and a large build...
BEIJING: China’s state planning body and finance ministry on Thursday said they will craft policies aimed at stimulating spending on housing and unlocking consumer savings that have been built up...
MUMBAI/ISLAMABAD (Reuters) - Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the International Monetary Fund alone is unlikely to...
KARACHI - The Pakistan Stock Exchange (PSX) on Tuesday witnessed negative sentiments during intra-day trading as the benchmark index KSE-100 lost over 500 points amid political and economic uncertainty. The...
Sitara Peroxide, a manufacturer of hydrogen peroxide, said its management has decided to extend the shutdown of the plant for 10 more days. The company, in a notice to the...
UAE-based Al-Futtaim Group has invested Rs2 billion to digitally transform and overhaul the IT infrastructure of its subsidiary Al-Ghazi Tractors, one of Pakistan’s largest agricultural equipment manufacturers. In a statement,...
MOSCOW (Web Desk) - The Russian rouble opened on a steady footing in early trading in Moscow on Monday, hovering close to a nine-month low against the US dollar following...