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High inflation to persist this year | The Express Tribune
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[ad_1] BENGALURU: Persistently high inflation will haunt the world economy this year, according to a Reuters’ poll of economists who trimmed their global growth outlook on worries of slowing demand and the risk interest rates would rise faster than assumed so far. This represents a sea change from just three months ago, when most economists…
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Oil hits over 7-year high | The Express Tribune
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[ad_1] BENGALURU: Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over tight supply. The benchmark contracts are on track for their sixth straight weekly rise, the longest run of gains since October. Brent futures rose $1.25, or 1.4%, to $90.59 a barrel…
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Oil holds 7-year high as Russia tensions offset Fed tightening | The Express Tribune
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[ad_1] NEW YORK: Oil prices steadied on Thursday, after Brent crude earlier hit a seven-year high above $90 a barrel, as the market continued to balance concerns about tight worldwide supply with expectations that the US Federal Reserve will soon tighten monetary policy. Global benchmark Brent rose $0.15 to $90.11 a barrel by 11:40 AM…
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Oil at seven-year high as Ukraine crisis overshadows Fed | The Express Tribune
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[ad_1] LONDON: Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the US Federal Reserve will tighten monetary policy. Brent crude futures were up $0. cents, or 1%, at $90.85 a barrel by 1217 GMT. US West Texas Intermediate (WTI) crude futures were up $0.87,…
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Inflation likely to remain high in Pakistan for next six months: EIU
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[ad_1] — AFP/File Inflation is likely to remain high in Pakistan for the next six months and the rupee is expected to continue on a depreciatory path despite a support package from Saudi Arabia, the Economic Intelligence Unit (EIU) said. The research and analysis division’s assessment comes after the Pakistan Bureau of Statistics (PBS) reported…
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Fuel prices hit new high in Pakistan
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[ad_1] — AFP/File The government early Friday hiked the price of petrol by Rs8.03 per litre, a day after Prime Minister Imran Khan warned that the rate of petroleum products would witness a rise. The new price of petrol stands at Rs145.82 per litre after the increase, according to a notification from the finance ministry.…
