NEW YORK: Brent crude and WTI have turned sharply after tumbling to fresh 5-1/2 year lows overnight on OPEC’s announcement that it will not cut output even if prices fall as low as $40/bbl.
The rally is pushing European shares higher. Brent crude is up 1.6% at $62.86, after hovering close to $60/bbl yesterday. WTI fell below $57 last night, but is now up 1% at $58.39 per barrel.
Sales tax chaos: Hybrid vehicle makers halt production
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...
