TOKYO: Asian markets dived Friday, following a brutal day on Wall Street where stocks took their deepest tumble in more than a year. The wave of selling came amid growing fears that Europe’s debt crisis could spread around the world. An unexpected increase in U.S. jobless claims added to the pessimism.  Read More →

KARACHI: The automobile assemblers are likely to stay resilient against Prime Minister Yousuf Raza Gilani s recent warning that car imports will be liberalised if the local companies do not lower their prices, a brokerage house report said on Wednesday.  Read More →

LONDON: Gold rose to four-week highs on Tuesday and euro-priced gold hit a record peak as investors bought the metal as an alternative to paper currencies amid persistent concerns over smaller euro zone economies.  Read More →

GENEVA: The World Trade Organisation is expected to issue a landmark ruling on Tuesday on a six-year-old clash pitting US aerospace giant Boeing against its arch rival Airbus.  Read More →