Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > amp > 40439292

Iran says Oman meeting aims to boost security cooperation

4+ hour, 37+ min ago   (223+ words) Iran meets Gulf states in Oman to discuss Strait of Hormuz security, aiming to strengthen regional cooperation amid ongoing tensions with the US over the vital waterway. TEHRAN: Iran’s upcoming meeting with Gulf states in Oman on Monday to discuss…...

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brecorder.com > news > 40/43/9291 > trump-says-us-could-stay-in-iran-and-keep-oil-like-venezuela-deal

Trump says US could stay in Iran and keep oil, like Venezuela deal

3+ hour, 38+ min ago   (247+ words) Donald Trump predicted the Iran conflict would end this year, potentially after the U.S. midterms, leading to a significant drop in oil prices, and stated Iran is eager for a deal. DOONBEG: President Donald Trump suggested on Sunday the United States…...

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brecorder.com > news > 40/43/9291 > trump-reiterates-that-he-sees-iran-war-ending-after-us-midterm-elections

Trump reiterates that he sees Iran war ending after US midterm elections

4+ hour, 51+ min ago   (249+ words) DOONBEG: US President Donald Trump reiterated on Sunday that he expected the Iran war to end this year, possibly just after midterm elections due in the United States in November, resulting in a drop in oil prices. “Iran will end…...

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brecorder.com > news > 40/43/9290 > saudi-pipeline-outage-threatens-loss-of-4-of-global-oil-supply

Saudi pipeline outage threatens loss of 4% of global oil supply

6+ hour, 10+ min ago   (527+ words) Drone attacks on Saudi Arabia's key east-west oil pipeline threaten to halt exports within days, potentially cutting global supply by 4% and worsening the existing fuel crisis. LONDON: Saudi Arabia will run out of oil stocks for exports if it doesn’t…...

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brecorder.com > news > 40/43/9288 > irans-economic-ties-to-dubai-hard-to-break-despite-war

Iran's economic ties to Dubai hard to break despite war

7+ hour, 1+ min ago   (660+ words) Despite the UAE's announced trade suspension with Iran, informal trade and financial ties persist in Dubai, sustained by a large Iranian community and historical economic interdependence. DUBAI: In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran…...

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Gasoline likely to boost US consumer prices

22+ hour, 3+ 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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Iraq closes three Iran crossings after drone launch

22+ hour, 3+ 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…...

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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

14+ hour, 41+ 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’

22+ hour, 3+ 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

22+ hour, 3+ 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…...