ISLAMABAD, May 23- British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country. BA halted service to Pakistan in the wake of the 2008 Marriott Hotel bombing in the capital Islamabad that took place during a...
*10- yr bond yield hits lowest level since April 2018. MUMBAI/ BENGALURU, May 23- India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy. "Giving credence to the old adage' sell on...
NEW DELHI, May 23- From a shortage of job opportunities and a stuttering economy to tense ties with old foe Pakistan, Indian Prime Minister Narendra Modi will face a host of challenges after winning a big majority on Thursday. Modi's election victory was on the plank of national security, a campaign that gained strength in February when he sent warplanes into...
NEW DELHI/ MUMBAI/ BENGALURU, May 23- Indian Prime Minister Narendra Modi on Thursday swept to a huge election victory, giving his party a mandate to pursue policies that put Hindus first, are mainly business-friendly and take a hard line on national security. The main opposition Congress party, led by Rahul Gandhi, was leading in 52 seats. AVINASH PALIWAL, DEPUTY...
*Other firms have targeted Indonesia and Thailand. BEIJING, May 22- China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said. Baowu is looking at the feasibility of shipping two...
More than 450 companies from North Korea, China, Russia, Pakistan, Poland and "other countries and regions" showcased a range of products at the fair, KCNA said. That number would make it the largest trade fair hosted by North Korea, according to an analysis of state media announcements from 2007 to 2019 conducted by NK News, a website that tracks North Korean issues.
LONDON, May 16- Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. "With Brent trading above $70 a barrel, we anticipate sustained interest in Premier," RBC analyst Al Stanton said. In March Premier flagged a plan to submit a...
LONDON, May 16- Britain's Premier Oil increased its production guidance for this year on Thursday to 75,000 to 80,000 barrels of oil equivalent per day from up to 75,000 boed previously.
ISLAMABAD, May 12- Technical teams from Pakistan and the International Monetary Fund have reached agreement on a new three-year, $6 billion bailout package, Pakistani Finance Minister Hafeez Shaikh said on Sunday.
*Doubts about economics of Adani mine project in Australia. *China, Japan thermal coal imports from Australia in decline. Final approval of the Carmichael coal mine in Queensland, owned by India's Adani Enterprises, should come in "a matter of weeks, not months" following nearly a decade on the drawing board, the company's mining chief executive, Lucas Dow, told...
At least nine people were killed and many wounded by a blast targeting a security checkpoint outside a major Sufi shrine in the Pakistani city of Lahore on Wednesday, according to officials.
LONDON, May 1- Interest rate cuts by emerging market central banks outstripped rate hikes for a third straight month in April, taking their cue from the dovish turn of major central banks from the U.S. UKRAINE- Ukraine's central bank trimmed its main interest rate to 17.5 percent on April 25, the first decrease in the past two years. INDIA- The central bank cut the...
SINGAPORE, April 30- Asia's crude oil imports from Iran rose to the highest in eight months in March as buyers rushed for more cargoes to take advantage of waivers to the sanctions the United States imposed, data from government and trade sources showed on Thursday. Asia's top oil importers China, India, Japan and South Korea imported a total 1.57 million barrels...
China has already blocked Canadian canola from Richardson International and Viterra, two of Canada's biggest farm exporters, saying that shipments had pests. Other China- bound canola cargoes have been cancelled, forcing exporters to re-sell elsewhere at discount. Canadian politicians have said the concerns are baseless, and noted that China detained two...
ISLAMABAD, April 26- Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of Prime Minister Imran Khan set to decide in the coming weeks on an agreement. Qatar is already Pakistan's biggest gas supplier after signing a 15- year agreement to export up to 3.75 million tonnes of...
*GRAPHIC: China outbound investment and steel exports: https://tmsnrt.rs/2XRmYM7. LAUNCESTON, Australia, April 29- China's ambitious Belt and Road Initiative is one of those vast programmes that should be positive for global commodities, but finding any concrete proof of increased demand is proving far more elusive. However, what does seem apparent is that...
China has already blocked Canadian canola from Richardson International and Viterra, two of Canada's biggest farm exporters, saying that shipments had pests. Other China- bound canola cargoes have been cancelled, forcing exporters to re-sell elsewhere at discount. Canadian politicians have said the concerns are baseless, and noted that China detained two...
BEIJING, April 27- China sought to put a gentler face on its massive plan to recreate the old Silk Road at a summit that ended on Saturday, saying it must do more to explain the programme and boost sustainability even as state media hit back at critics. China has at times reacted angrily to such doubts, tending to characterise critics as harbouring anti-Chinese...
BEIJING, April 27- China sought to put a gentler face on its massive plan to recreate the old Silk Road at a summit that ended on Saturday, saying it must do more to explain the program and boost sustainability even as state media hit back at critics. China has at times reacted angrily to such doubts, tending to characterize critics as harboring anti-Chinese...
BEIJING, April 25- China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. Finance minister Liu Kun, speaking at a forum to kick off a three-day Belt and Road summit in...
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