Both contracts are set for their second straight weekly loss. Brent’s $10.73 drop was the third biggest for the contract since 1988. U.S. crude inventories (USOILC=ECI) rose by 8.2 million barrels in the week to July 1. Oil costs sneaked through the Asian exchange on Friday as downturn fears kept on burdening opinion, however, stresses … Read more
Japan’s factory output posted the biggest monthly drop in two years in May. The decline comes as China’s COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers. Worrying signs for an economy struggling to mount a strong recovery from recession. Japan’s plant yield posted the greatest month-to-month drop in two years in May as … Read more
Malaysian companies are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers. Despite lifting a COVID-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return of migrant workers due to slow government approvals. Malaysian organizations from palm oil manors to semiconductor creators … Read more
Lahore: Chinese scientist Yuan Longping (1930–2021), known as the “Father of hybrid rice”, is the most famous researcher on hybrid rice. In the 60s, he made his seminal discovery of the genetic basis of heterosis in rice. This was a unique discovery because it had been previously thought that heterosis was not possible for self-pollinating … Read more
KARACHI: The cutoff yield in the auction of the benchmark six-month market treasury bills (MTBs) sharply increased to 11.5 per cent, much higher than the key policy rate of 8.75 per cent. A day ago, the State Bank of Pakistan (SBP) conducted an auction of the government treasury bills maturities for the sale of T-bills … Read more
