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Oil price to fall further as market ‘could drown in over-supply’: IEA

PARIS: The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market offsetting any production cuts from other countries, the IEA said on Tuesday.

Gulf shares slide on oil rout, Iran’s return

KUWAIT CITY: Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices and the expected rise in Iranian crude exports after the lifting of economic sanctions.

USAID helping Pakistani businesses access credit

KARACHI: The United States Agency for International Development (USAID) and Securities and Exchange Commission of Pakistan (SECP) hosted a three-day conference on non-banking finance and capital markets in Karachi which was attended by financial sector experts, government officials and business representatives.

Price of tomatoes hiked upto Rs. 120 per kilo

KARACHI: The per kilogram price of tomatoes jumped upto Rs. 120 in Karachi, ARY News reports.

Over 20 killed in market bombing in Nigeria: locals, relief agency

MAIDUGIRI: More than 20 people were killed in a bomb attack in the garrison town of Monguno in remote northeast Nigeria, witnesses and the country's main relief agency said on Wednesday.

U.S. labor market shows some muscle despite slower job growth

WASHINGTON: U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month.

China official blames Fed for global market rout, not yuan

BEIJING: Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday.

Samsung glamour days over as it fights to save mobile market share

SEOUL: For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market.

Pakistan’s Japanese-dominated car market poised for new entrants

ISLAMABAD: Pakistan's car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix.

Suicide bomber kills 15 in Afghan market: officials

KABUL: At least 15 people were killed Wednesday when a suicide attacker blew himself up in a busy market in northern Afghanistan, officials said, warning that the death toll could rise.

Free pizza for life helps close Portland real estate deal in hot market

PORTLAND: In Portland's hot real estate market where some homes are getting dozens of offers and bidding wars have sent prices skyrocketing, one buyer found a way to stand out among the rest: Offer free pizza every month for life.

Oil prices rebound in Asia trade

SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting after a surge in US crude stockpiles and record output in Saudi Arabia sparked a sell-off, analysts said.

Oil price recovery not backed by fundamentals: OPEC

VIENNA: A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market, oil cartel OPEC said Monday in its monthly report.

Apple takes leap into new territory with smartwatch

SAN FRANCISCO: Apple's hotly-anticipated smartwatch is expected to debut Monday as the trend-setting firm sets out to make stylish wrist-worn computers must-have accessories for modern lifestyles.

Oil prices inch higher in Asia

SINGAPORE: Oil prices edged up in Asia Tuesday following an upbeat outlook by key producer Kuwait, while investors are keeping tabs on Greece's troubled debt talks with its creditors.

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in Asia Thursday but gains were capped owing to concerns about surging stockpiles in the United States, the world's top consumer, analysts said. 

Tokyo stocks close 0.82% higher

TOKYO: Tokyo stocks closed 0.82 percent up Friday, boosted by sharp gains on Wall Street and reassurances from the European Central Bank that Greek lenders will get access to funding.

China rate cut offsets Greek fears in Asia markets

HONG KONG: Concerns about Greece's plans to renegotiate its bailout rattled most Asian markets Thursday and put pressure on the euro, but Shanghai and Hong Kong rallied after China cut the amount of funds banks must hold in reserve.

Oil prices rebound in Asian trade but gains capped

SINGAPORE: Oil prices rebounded in Asia Thursday but gains were capped as the euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply, analysts said.

Tokyo stocks slip 0.27% by break

TOKYO: Tokyo stocks slipped 0.27 percent on Tuesday morning as a pick-up in the yen overshadowed Wall Street's strong lead and a rally in energy firms.
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