Economy

Fed's Lacker says economy strong enough for higher rates

WASHINGTON: Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed… Read More

Hit by cheap oil, Canada's economy falls into recession

OTTAWA: The Canadian economy shrank again in the second quarter, putting the country in recession… Read More

Thai police say suspect in Bangkok bombing arrested

BANGKOK: Police hunting for the perpetrators of Thailand's deadliest bombing arrested a suspect on Saturday… Read More

Pakistan’s economic growth hamstrung by low tax collection, says report

ISLAMABAD: Despite recent optimism surrounding Pakistan's economy, the country is facing an "existential crisis" stemming from… Read More

Rise of new banks helps Kremlin keep Russia’s economy afloat

MOSCOW: Four private banks with friendly ties with the Kremlin are emerging as big winners… Read More

SBP rejects reports of issuing high-valued currency notes

KARACHI: State Bank of Pakistan (SBP) has rejected the rumors of issuing Rs. 10,000/- or… Read More

Climate change adversely impacting Pakistan’s economy: expert

KARACHI: Climate change is adversely affecting different sectors particularly agriculture, fisheries and livestock, said experts… Read More

Weaknesses in the economy still persist, says SBP

KARACHI: State Bank of Pakistan (SBP) has pointed out in its second quarterly report that… Read More

Dollar extends gains against euro

SINGAPORE: The dollar extended gains against the euro in Asia on Monday ahead of the… Read More

Moody's upgrades Pakistan bond rating

KARACHI: Global rating agency Moody's upgraded Pakistan's dollar bonds rating one notch from stable to… Read More

Oil prices rebound in Asia

SINGAPORE: Oil prices climbed in Asia Friday as news of a deal to end a… Read More

Dar says reforms put economy on track

ISLAMABAD: Finance Minister Ishaq Dar has said that economy of the country has been put… Read More

Sri Lanka cancels licences for foreign mining firms

COLOMBO: Sri Lanka's new president has cancelled mining licences issued by the previous government to… Read More

Pakistan's economy faced several challenges during first quarter, says SBP reports

ISLAMABAD: Economy of Pakistan during first quarter of fiscal year 2014-15 (FY 15)  faced several… Read More

Malaysia economy beat forecasts on domestic demand

KUALA LUMPUR: Malaysia's economy expanded at a better-than-expected 5.8 percent in the last quarter of… Read More

Oil prices rebound in Asia after heavy selloff

SINGAPORE: Oil prices rebounded in Asia on Wednesday following a sharp decline in the previous… Read More

Moody's threatens to downgrade Greece

WASHINGTON: Moody's placed Greece's credit rating on review for a downgrade Friday, citing "high uncertainty"… Read More

US economy produces 257,000 jobs in January

WASHINGTON: The US economy pumped out a solid 257,000 new jobs in January, better than… Read More

New York homeless reach record 60,000

NEW YORK: New York may be famous abroad for glitz, glamor and Park Avenue billionaires… Read More

US economic growth in 2014 fastest in four years

WASHINGTON: The US economy grew at its fastest pace in four years in 2014, outpacing… Read More