OPEC oil output hits new low in April on Hormuz export disruption, Reuters survey finds
LONDON: OPEC oil output dropped further in April to the lowest in more than two decades, a Reuters survey found, as the U.S.-Israeli war with Iran effectively closed the Strait…
Oil-led inflation fears sap demand for Indian bonds
MUMBAI: Indian government bonds fell on Monday, as stalled U.S.-Iran peace talks sent oil prices higher, fuelling concerns over India’s inflation and fiscal outlook, while traders positioned for a potentially…
India’s Modi to begin five-nation tour, including UAE, amid Middle East crisis
Indian Prime Minister Narendra Modi will embark on a five-nation tour taking in the United Arab Emirates and Europe from May 15-20, India’s foreign ministry said in a statement on…
Naqvi pays tribute to civilian martyred foiling suicide attack near Khushhal Garh checkpost
Interior Minister Mohsin Naqvi on Monday paid tribute to a civilian, Liaqat, who embraced martyrdom while foiling a suicide attack near the Khushhal Garh checkpost located on the border of…
Senators decry hike in petroleum prices, accuse govt of ‘economic oppression’
ISLAMABAD: Senators on Monday decried the latest hike in petroleum prices and costly energy, accusing the government of “economic oppression” and calling for an exit from the International Monetary Fund…
Two years on, over a third of General Elections 2024 petitions await disposal
ISLAMABAD: More than two years after the General Elections of February 2024, election tribunals across Pakistan have yet to dispose of nearly a third of election petitions. As a result,…
India’s SBI sheds over $11 billion in two sessions on margin squeeze, disappointing earnings
BENGALURU: State Bank of India shed more than $11 billion in market value over two sessions on narrowing margins and a disappointing fourth-quarter earnings miss that brokerages warned could signal…
India’s small-cap, mid-cap mutual fund inflows hit record highs in April
Inflows into India’s small- and mid-cap equity mutual funds surged to record highs in April, data showed on Monday, on the back of resilient earnings and more attractive valuations after…
Gold comments by India’s Modi, oil shock stoke tariff fears; jewellery stocks slide
MUMBAI: Indian Prime Minister Narendra Modi’s call to avoid gold purchases for a year to help protect foreign exchange reserves fuelled concerns of higher import tariffs on the metal, sending…
London Heathrow airport traffic dips due to Mideast war
LONDON: London’s Heathrow Airport announced Monday that passenger numbers dropped in April as the Middle East war disrupted global air travel. The airport handled 6.7 million passengers last month, down…