U.S. stock indexes staged a dramatic intraday rebound on Tuesday, with the Dow Jones Industrial Average swinging more than 1,000 points from its low, as robust bank earnings provided a counterweight to escalating trade tensions with China. The blue-chip Dow, which had tumbled as much as 615 points during the session, closed up 424 points,…
KARACHI: Vietnamese government is keen to improve trade and investment cooperation with Pakistan, Deputy Director General of Vietnam’s Ministry of Industry & Trade Do Quoc Hung said at a business-to-business meeting at Karachi Chamber of Commerce and Industry (KCCI). He said that Vietnam’s global trade turnover was more than US$500 billion this year, of which…
HAMILTON: Flex LNG Ltd. through one of its subsidiaries has entered into a long-term time charter with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd. The period under the time charter is up to ten years where the first five years are firm. The vessel to be employed under this time charter will…
KARACHI: Agricultural Counselor of United States Department of Agriculture (USDA) Rey Santella has said although they were inviting the US business community but many of them were still reluctant to visit Pakistan mainly due to negative perception and also because of legal and Information Technology related hurdles that need to be addressed. “Pakistan had many…
DHAKA: Pakistani onion would be placed in Bangladesh market after almost 15 years, as onion exports have begun to Bangladesh following a ban imposed by Indian government on onion exports, an official at Trade Development Authority of Pakistan (TDAP) said. “Bangladesh’s Tasho Enterprise has finalized deals with a Pakistani company Roshan Enterprise Karachi, and 12…
HONG KONG: AM Best has maintained a stable market segment outlook on Japan’s non-life insurance segment, as domestic insurers record profitable underwriting performance despite significant catastrophe losses. However, according to a new AM Best report, the recent consumption tax hike and ongoing global trade tensions could create pressure on the insurance companies operating in the…
KARACHI: At the 25th Anniversary of Intertextile Shanghai Apparel Fabrics, Pakistan will complete its 21 years of regular participation, as 32 Pakistani companies under the auspices of Trade Development Authority of Pakistan (TDAP) are participating in the event. It may be mentioned here despite over 30 percent rupee devaluation, country’s overall textile sector exports declined…
BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest instance of WTO dispute resolution. This decision will enable the Commission to enter into interim appeal arbitration arrangements with third countries based on existing World…