prices
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World food prices hit record high over Ukraine war: FAO
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[ad_1] A Syrian woman prepares food at the Kabsh camp for the displaced people in the countryside near Syria´s northern city of Raqa during the Muslim holy month of Ramadan on April 7, 2022. — AFP/File PARIS: World food prices hit an all-time high in March as Russia’s invasion of Ukraine sent “shocks” through markets…
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Experts attribute rising car prices to input costs | The Express Tribune
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[ad_1] LAHORE: Experts in the automobile sector have agreed that car manufacturers of Pakistan are facing inflationary pressure due to a surge in input costs, exponential increase in freight charges, rupee devaluation and hike in petroleum and steel prices. Last week, the carmakers passed on such pressures to their customers as several automakers announced a…
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Oil prices dive as US moves to release reserves | The Express Tribune
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[ad_1] HOUSTON: Oil prices tumbled on Thursday with the United States set to announce the largest ever release from its Strategic Petroleum Reserve, while OPEC+ stuck to its existing deal for May output. Brent crude futures for May, which expire on Thursday, were down $5.28, or 4.65%, at $108.17 a barrel by 12:31 AM ET.…
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Oil prices jump, stocks fall over inflation, Russia concerns
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[ad_1] Photo: AFP LONDON: Oil prices surged while stock markets fell on Wednesday on renewed fears over Russian energy supplies and soaring inflation. Crude futures jumped more than 4% with Brent North Sea, the international benchmark, exceeding $120 per barrel. Russian Deputy Prime Minister Alexander Novak on Wednesday warned that a ban on Russian oil…
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Car assembler jacks up prices | The Express Tribune
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[ad_1] KARACHI: The Indus Motor Company (IMC) has hiked the prices of different models of its cars in the range of Rs287,000 to Rs1.26 million owing to a significant surge in import cost. “Yes, we have increased the prices,” IMC CEO Ali Asghar Jamali confirmed The Express Tribune. “The increase in freight charges, rupee-dollar parity…
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Oil prices remain over $100 | The Express Tribune
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[ad_1] LONDON: Oil prices edged higher on Friday, still above $100 a barrel, but were set for a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market. Brent crude futures rose $0.38, or 0.7%, to $107.02 a barrel by 12:05 PM EST (1505 GMT),…
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Market watch: Stocks turn bullish due to drop in oil prices | The Express Tribune
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[ad_1] KARACHI: Bulls returned to the Pakistan Stock Exchange on Tuesday, propping up the KSE-100 index by 353 points, aided by the drop in global crude oil prices. The plunge in oil rates below $100 per barrel revived investor interest and the pessimism over further widening of the current account deficit and swelling imports subsided…
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Sweden plans $1.5b subsidies against soaring prices | The Express Tribune
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[ad_1] STOCKHOLM: Sweden announced plans Monday for a $1.45 billion (€1.32 billion) subsidy package to help Swedes cope with soaring prices resulting from Russia’s invasion of Ukraine on the heels of winter’s sky-high energy prices. The proposed subsidies include a temporary reduction of petrol and diesel taxes, a one-time minimum payout of 1,000 kronor ($104,…
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Weekly review: Soaring oil prices drag KSE-100 index down by 898 points
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[ad_1] A person stanidng in front of a scren at the stock exchange. — AFP/File KARACHI: Amid looming uncertainty on the political front and rising oil prices in the international market, the bears regained control of the Pakistan stock market in the outgoing week, droving the index back into the negative territory. The benchmark KSE-100…
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Oil prices slide in volatile session | The Express Tribune
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[ad_1] BENGALURU: Oil prices gave up gains to trade lower on Thursday after its biggest plunge in two years in the previous session, as traders debated if the market’s supply disruption concerns were overdone after Russia pledged to fulfill contractual obligations. Since Russia’s February 24 invasion of Ukraine, oil markets have been the most volatile…
