Archive of 22 August 2019

Moody’s sees budget cuts as option for South Africa to absorb Eskom costs

JOHANNESBURG: South Africa is likely to absorb extra financial support for the struggling power utility Eskom with new revenue and expenditure measures in the next...

PPP issues white paper against PTI government

ISLAMABAD: Pakistan Peoples Party (PPP) on Friday issued white paper against the Pakistan Tehreek-e-Insaf (PTI) government and termed that it has missed almost all targets

Italy’s Salvini keeps door open to possible new govt with 5-Star

ROME: Matteo Salvini, leader of Italy's hard-right League party, said on Thursday he would be willing to patch up his coalition with the anti-establishment 5-Star...

India’s court sends ex-finance minister Chidambaram into police custody

NEW DELHI: An Indian court on Thursday ordered a former finance minister into police custody for questioning for four days, in a case stemming from...

Sterling jumps as traders cling to Merkel’s Brexit backstop comments

LONDON: The pound was on course for its best day in months on Thursday after traders interpreted comments from German Chancellor Angela Merkel to mean...

US natgas futures gain on storage build near expectations

US natural gas futures inched up on Thursday after a federal report showed a weekly storage build that was in line with estimates, but expectations...

US factories show signs of trouble; labor market still firm

WASHINGTON: Activity is contracting in the US manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories...

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