NEW YORK: The dollar was slightly lower Thursday against the euro as concerns over the Greek debt crisis continued to dog the single European currency.
The euro was hovering at 1.3546 dollars around 2200 GMT from 1.3534 dollars late Wednesday after languishing most of the day below the 1.3500 level.
The single European unit...
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Business News
Dollar down slightly against euro, yen
Oil rebounds in Asia
SINGAPORE: Oil was above 78 dollars a barrel in Asian trade Friday, bouncing from steep falls on the back of a weaker US dollar.
New York’’s main futures contract, light sweet crude for April delivery, was up 41 cents to 78.58 dollars a barrel, after falling 1.83 dollars in US trade Thursday.
London’’s Brent North...
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Indian defence budget hiked by four percent
NEW DELHI: The Indian government today allocated Rs 1,47,344 crore towards defence in 2010-11 budget, a paltry 4 per cent increase from last year’’s Rs 1,41,703 crore.
Of the allocation provided, Rs 60,000 crore would go for capital expenditure, Indian Finance Minister Pranab Mukherjee said presenting the Budget for 2010-11 in the Lok Sabha.
The four...
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Price of Pakistani rice down by 40%
KARACHI: Owing to the world economic recession and better production of rice globally, the prices of Pakistani rice in international market have come down to USD511 per ton with the decline of 40 percent.
According to federal board of statistics, during July 2009 to January 2010, Pakistan exported 2.26 million ton rice at the...
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Cotton price reach record Rs5700/maund
KARACHI: The price of cotton soared to Rs5700 per maund with an addition of Rs100 in the local market, Geo News reported Thursday.
The cotton season nears its end in the country; while, its price is making new records.
The per maund cotton price has reached at highest level in international market. Reduction in cotton...
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