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Profit-booking pulls PSX lower

[Pakistan Stock Exchange (PSX) surrendered early gains on Monday as profit-taking in key index-heavy sectors overshadowed buying interest in energy and cyclical stocks. The benchmark KSE-100 index remained volatile throughout the session, briefly moving higher before selling pressure dragged it into negative territory. Eventually, the index lost 119.74 points, or 0.07%, to close at 181,310.28 … Read more

US fuel sales to Cuban business bring a glimpse of capitalism to Havana

Black-market gasoline reaches $38 per gallon in spring before easing as volume of imports grew A man paints walls at a former state-run gas station as Cuba cautiously opens its energy sector to private investment, since the US imposed an oil blockade against the island’s government but authorised US companies to export fuel to private … Read more

S Africa name squad for Namibia tour

JOHANNESBURG: South Africa named spinner Bjorn Fortuin as captain of their Twenty20 side to take on neighbours Namibia and Zimbabwe in a tri-series in Windhoek this month, and a three-game one-day international series. The same squad will play the T20 series from August 28 to September 6 at the Namibia Cricket Ground and three ODIs … Read more