MOSCOW: Russia’s ruble opened about 5 percent lower against the dollar on Monday, dragged down by lower oil prices in volatile holiday trade.
At 10:05 a.m. in Moscow, the ruble had recovered some of its losses to trade almost 4 percent weaker against the dollar at 58.10 rubles and 1.2 percent weaker against the euro at 69.50.
Oil prices, which have declined more than 50 percent from peaks in June last year, hit a five-and-a-half year low as global growth concerns fanned fears of a supply glut.
ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...
ISLAMABAD: Pakistan has re-entered the international financial market after a gap of four years by successfully issuing a $500 million...
FAISALABAD: Officials from Pakistan Customs have urged exporters to fully utilise the Export Facilitation Scheme (EFS), highlighting that businesses at...
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, concluded final day of IMF-WB Spring Meetings in Washington. He...
