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Venezuela nears deal to move $4b gold reserve to New York, FT says

Reserve could serve as collateral for govt borrowings, including for reconstruction following June earthquakes The Venezuelan government and the opposition are close to an agreement to transfer the central bank’s gold reserves, worth about $4 billion, to the Federal Reserve Bank of New York from the Bank of England, the Financial Times reported on Friday. Reuters … Read more

PSX surges past 170,000 as oil eases

[ KARACHI: The Pakistan Stock Exchange (PSX) extended Thursday’s rebound on Friday morning, with the benchmark KSE-100 Index climbing 1,822.58 points, or 1.08 per cent, to 170,865.77 before trading was suspended for Friday prayers. The index touched an intraday high of 170,903.94 and a low of 169,399.98. Volume in KSE-100 stocks stood at 82.04 million … Read more