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Stocks Cut Losses on Hormuz Report, Oil Holds Gains | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Lekjaa: Butane Price Unchanged as State Absorbs Middle East Crisis Costs
Morocco’s delegate minister in charge of the budget, Fouzi Lekjaa, announced on Thursday that the government is spending over MAD 1.6 billion ($160 million) per month to shield consumers from the energy price surge triggered by the Middle East crisis and the blockage of the Strait of Hormuz. The pos...
Managem Bets Big on Gold as Prices Redefine Morocco’s Mining Ambitions
Morocco’s Managem Group is moving decisively to scale up its gold business, committing $750 million to lift production The post Managem Bets Big on Gold as Prices Redefine Morocco’s Mining Ambitions appeared first on Morocco World News.
Pakistan approves new measures to boost maritime trade
ISLAMABAD: Pakistan has approved a series of measures aimed at strengthening its maritime sector and positioning the country as a regional transshipment hub. The decisions were taken following recommendations by a high-level committee formed by the prime minister of Pakistan and led by Federal Minis...
Pakistan approves host of transshipment measures to stregthen maritime sector
ISLAMABAD: The federal government has approved series of initiatives related to transshipment with the aim of strengthening Pakistan’s maritime sector amid evolving regional security dynamics following the US-Israeli attack on Iran, it emerged on Thursday. The initiatives have been approved based on...
Pakistan approves host of transshipment measure to stregthen maritime sector
ISLAMABAD: The federal government has approved series of initiatives related to transshipment with the aim of strengthening Pakistan’s maritime sector amid evolving regional security dynamics following the US-Israeli attack on Iran, it emerged on Thursday. The initiatives have been approved based on...
BRICS' share of global GDP exceeds 40% and will continue to grow — Russian official
Maxim Oreshkin noted that the rapidly growing countries of Southeast Asia, which played a key role in economic growth in the first quarter of this century, will be joined by countries in South Asia and Africa
SpaceX Targets More Than $2 Trillion Valuation in IPO
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut.
Pakistan to seek flexibility in IMF programme for evolving contingencies amid war on Iran
ISLAMABAD: Amid continuous surge in global market, Pakistan on Thursday said it would seek flexibility in International Monetary Fund (IMF) programme to create room for evolving contingencies amid the US-Israeli war on Iran and pass on the burden of petroleum prices to its consumers. This was announ...
UK drug exports to US spared tariffs under deal critics say will cost NHS billions
‘Partnership’ on drug pricing also gives patients in Britain greater access to potentially life-extending treatments British drug exports to the United States will escape tariffs imposed by Donald Trump as part of a controversial UK-US medicines deal that critics fear will mean less money for the NH...
Russia gets export access to 22 countries for 72 agricultural products — deputy PM
Dmitry Patrushev noted that the Chinese market offers significant prospects for Russian companies
EU nations forced to pay for von der Leyen’s Covid deal
Poland and Romania must fulfill their obligations under an EU deal and buy $2.2 billion worth of Covid-19 vaccines, a court has ruled Read Full Article at RT.com
US reaffirms support for Pakistan’s economic reform agenda
US Charge d’Affaires to Pakistan Natalie Baker on Thursday reaffirmed the country’s support for the Pakistan’s economic reform agenda, according to a statement issued by the finance ministry. The development came as Baker met with Finance Minister Muhammad Aurangzeb at the Finance Division. “Baker r...
How the Iran war and the economy could negatively impact Republicans in the midterms
A new CNN poll shows President Trump's approval rating for his handling of the economy has dropped to 31%. That comes as gas prices continue to rise due to the war in Iran. CBS News' Fin Gómez has more on what that all means for Republicans in the upcoming midterm elections.
Ex-Centerview Banker Gets Deal to End US Insider-Trading Case
Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and has been living in her native Thailand for years.
Alleged maple syrup scam in Quebec uncovered by Canadian broadcaster
A Radio-Canada reporter noticed his maple syrup tasted odd; testing revealed it was adulterated with cane syrupAn investigation by Canada’s national broadcaster has found that a major Quebec producer has been diluting its maple syrup with cane sugar and selling the fraudulent product to grocery chai...
Morocco Greenlights 44 Projects Worth MAD 86 Billion to Create 20,500 Jobs
Morocco’s National Investment Commission approved 44 projects totaling MAD 86.36 billion ($8.6 billion) during its 10th session held Thursday in Rabat. The projects are expected to generate approximately 20,500 jobs, both direct and indirect. The post Morocco Greenlights 44 Projects Worth MAD 86 Bil...
Bonds’ Oil-Driven Selloff Stalls as Growth Concerns Return
Treasuries wiped out an early slump as investor focus turned to the risk that surging energy prices will become a drag on economic growth. Yields were lower by about a basis point at midday in New York after erasing increases of six to seven basis points. They had risen along with oil benchmarks aft...
Oil prices surge again after Trump speech on Iran war
Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more.
Petrol price hike: Govt announces subsidy for motorcyclists, transport Sector
ISLAMABAD: Following a record increase in petrol price, the government has unveiled a relief package aimed at easing the burden on key segments, including motorcyclists, transporters, and small farmers, ARY News reported. According to reports, Federal Finance Minister Muhammad Aurangzeb announced th...