Stock markets in Dubai and neighboring Gulf emirate Abu Dhabi fell sharply on Monday and then ground to a halt amid a lack of buyers after Dubai World’s shock proposal to suspend debt payments.
Dubai’s benchmark DFM Index dropped by 7.30 percent as leading securities, including construction and finance, plunged almost by the maximum-allowed limit of [...]

TOKYO: Japan plans an extra stimulus of at least 31 billion dollars this fiscal year that would include measures to tackle the surging yen and weak share prices, the top government spokesman said Monday.
This package includes measures to bring stablity into the Japanese currency Yen and overcome the the problem of falling prices of shares. [...]

It is almost Christmas time and with all of the cold weather that has to be hitting all over the world, I can tell you for sure, if you are not bundling up you are going to get a cold.  Recently, I just got over a terrible cold that had me in bed for almost [...]

PSO Facing Rs 77.7 Billion Circular Debt, Senate’s Standing Committee for Petroleum Chairman Sabir Baloch said that PSO is facing circular debt of Rs 77.7 billion. He said that many sectors including power sector may face problems if proper steps are not taken on war footing. He was talking to a meeting of Senate’s Standing [...]

Pakistan achieves another milestone as it becomes in…

Oklahoma Unemployment:- Oklahoma’s jobless rate hit 7.1 percent in October, the U.S. Labor Department reported Friday.
The seasonally adjusted rate climbed from 6.7 percent in September. A year ago, the state’s unemployment was at 4.2 percent.
October’s national unemployment rate hit 10.2 percent, the highest level since April 1993, the Labor Department said.
Unemployment rose in 29 states [...]

State Bank of Pakistan Governor Saleem Raza says that new monitory policy will be announced on Tuesday, reported Dunya News.
He said foreign exchange reservoirs had reached to the stage of five months from three weeks. Addressing a ceremony in Islamabad, State Bank Governor maintained that national economy was improving, adding that exports and credit demand [...]

LONDON : Oil prices traded mixed on Friday and were likely to stay under 80 dollars amid high energy inventories in the United States, the world’s biggest energy-consuming nation.
New York’s main contract, light sweet crude for December delivery, dipped nine cents to 77.37 dollars a barrel after slumping by more than two dollars on Thursday.
Brent [...]

Karachi, Pakistan: Karachi Stock Market Plummets 66 Points, Karachi stock market witnessed mixed trend as the benchmark 100 index plummeted by 60 points on Tuesday.
The share market started with positive note; however, cautious behavior of the investors caused the market to remain volatile. The KSE-100 index closed at 9145, down 60 points with trade volume [...]

Gold Price Surges in Markets, The trend of increase in gold prices continued in local and international markets as gold hit record high of Rs 36,150 per tola in Pakistan on Tuesday.
Gold prices surged to Rs 36,150 per tola, up Rs 300 whereas price of 10 grams increased to Rs 30,985, up Rs 257 in [...]