Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > amp > 40439211

Gasoline likely to boost US consumer prices

12+ hour, 51+ min ago   (365+ words) WASHINGTON: US consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Department’s Consumer Price…...

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brecorder.com > news > amp > 40439241

Iraq closes three Iran crossings after drone launch

12+ hour, 51+ min ago   (374+ words) BAGHDAD: Iraq closed three border crossings with Iran on Saturday, officials told AFP, after a drone attack on a Saudi Arabian pipeline that both Riyadh and Baghdad said was launched from Iraq. Soon after the attack, Iraqi Prime Minister Ali…...

Brecorder
brecorder.com > news > 40/43/9262 > new-report-of-attack-on-strait-of-hormuz-shipping-fans-fears-of-threats-to-oil-supplies

New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies

5+ hour, 29+ min ago   (809+ words) New attacks in the Strait of Hormuz and on a Saudi oil pipeline escalate Middle East tensions, threatening global energy supplies and driving up oil prices. ADEN/DUBAI: Maritime trackers received new reports of an attack on a ship in…...

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brecorder.com > news > 40/43/9242 > brics-nations-urge-maximum-restraint

BRICS nations urge ‘maximum restraint’

12+ hour, 51+ min ago   (211+ words) NEW DELHI: Members of the 11-nation BRICS group including China, Russia, Iran and India called for calm in the Middle East at a summit in New Delhi on Saturday, overcoming earlier divisions to issue a joint statement. Chinese President Xi…...

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brecorder.com > news > 40/43/9238 > iraq-signs-25-year-deal-to-develop-ajil-oilfield

Iraq signs 25-year deal to develop Ajil oilfield

12+ hour, 51+ min ago   (140+ words) BAGHDAD: Iraq’s North Oil Company signed a 25-year contract with private Iraqi project developer KEPPT to develop and operate the Ajil oilfield, the prime minister’s office said on Saturday. The agreement aims to raise the field’s gas output gradually to…...

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brecorder.com > news > 40/43/9247 > pakistan-condemns-attacks-on-ksa

Pakistan condemns attacks on KSA

12+ hour, 51+ min ago   (158+ words) ISLAMABAD: Pakistan strongly condemned the ‘reprehensible drone attacks’ on the East-West Pipeline in the Riyadh and Madinah regions of the Kingdom of Saudi Arabia, causing damage to the pipeline and injuries to civilians, the Foreign Office said in a statement…...

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brecorder.com > news > 40/43/9240 > saudi-arabia-shuts-down-east-west-oil-pipeline

Saudi Arabia shuts down East-West oil pipeline

12+ hour, 51+ min ago   (815+ words) ADEN/DUBAI: Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher. The world’s largest crude oil exporter said it…...

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brecorder.com > news > 40/43/9181 > iran-got-chinese-satellite-images-before-deadly-strike-on-us-troops-report

Iran got Chinese satellite images before deadly strike on US troops: report

19+ hour, 19+ min ago   (230+ words) Chinese entities reportedly provided Iran with satellite images of a US base in Jordan before a deadly attack, potentially escalating tensions between Washington and Beijing. WASHINGTON: Chinese entities supplied Iran with satellite images of a base in Jordan before and…...

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brecorder.com > news > 40/43/9179 > no-signed-hormuz-deal-expected-yet-from-oman-meeting-on-monday-iranian-official-says

No signed Hormuz deal expected yet from Oman meeting on Monday, Iranian official says

20+ hour, 12+ min ago   (288+ words) Iran and Gulf states will meet in Oman to discuss the Strait of Hormuz and regional issues, though no agreement is expected on the vital oil transit waterway. A meeting between Iran and Gulf states planned for Monday in Oman…...

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brecorder.com > news > 40/43/9175 > bahrain-says-wont-participate-in-hormuz-meeting-with-iran

Bahrain says won't participate in Hormuz meeting with Iran

20+ hour, 41+ min ago   (259+ words) Bahrain has rejected a proposed meeting with Iran and Gulf states to discuss the Strait of Hormuz, citing Iran's blockade and the need for open passage, pending renewed diplomatic ties. MANAMA: Bahrain said on Saturday that it would not take…...