SINGAPORE: Oil prices hovered near $72 a barrel Wednesday in Asia as traders look to weekly crude supply data for signs of recovering U.S. demand.
Benchmark crude for August delivery was up 19 cents to $72.17 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 16 cents [...]
TOKYO: Asian stock markets fell Wednesday as overnight gains on Wall Street failed to extinguish worries about the global economy.
The losses in Asia came after an index on the U.S. services sector — the largest part of the American economy — showed growth was waning, adding to fears of a double-dip recession and reduced demand [...]
KARACHI: Demand-driven domestic cotton rose further by Rs100 and reached another historic peak of Rs7300 per maund in Tuesday trade.
The cotton-seed (phutti) prices also increased by Rs 100 and touched an all-time high of Rs3400 per 40kg.
“Ginneries of Khanewal and Bhorewala sold some 1000 prime-quality cotton bales at the rate of Rs7300 per maund,” said [...]
KARACHI: Strengthening dollar pushed rupee to an all-time low in interbank on Tuesday.
Money market dealers informed the channel that rupee-dollar parity was seen at historic Rs85.60 when the US dollar gained 10 paisa.
“Demand for dollar is rising in the interbank as the exporters are buying it for their international payments,” said a dealer.
The analysts also [...]
TOKYO: Asian stock markets were mixed Tuesday on growing worries the global economic recovery is running out of momentum.
Weaker data from major economies over the past few weeks has diminished confidence in a strong rebound from last year’s global recession and unnerved markets, many of which are in the red so far this year.
A report [...]
