Tag: pressure

Pak shelves multi-billion-dollar gas project with Iran under US pressure

Pakistan has temporarily shelved the multi-billion dollar gas pipeline project to import cheap energy from neighbouring Iran, apparently under pressure from the US which has imposed sanctions against Tehran over its nuclear programme, according to a media report on Monday. The development comes as Pakistan struggles to put its cash-strapped economy in order… Continue reading Pak shelves multi-billion-dollar gas project with Iran under US pressure

No undue pressure exerted on Desai, interest rate not excessive: Edelweiss

Hours after a case was registered against its top officials for allegedly abetting the suicide of Bollywood art director Nitin Desai, Edelweiss ARC on Friday denied that it had put pressure on him for repaying loans. Stating that it followed all legal processes mandated by the RBI, the Asset Reconstruction Company also clarified… Continue reading No undue pressure exerted on Desai, interest rate not excessive: Edelweiss

Market trading sideways as altcoins under selling pressure

The cryptocurrency market traded sideways in the last week as investors await clarity on regulations in the US. Several altcoins, including XRP and Dogecoin, saw profit booking but major tokens like Bitcoin and Ethereum remained flat. According to CoinMarketCap, Bitcoin on Friday was trading at $29,146, down nearly 0.5 per cent in the… Continue reading Market trading sideways as altcoins under selling pressure

China factory activity shrinks in July, adds to pressure to reverse slump

Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation | Photo: Bloomberg Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers’ index issued by… Continue reading China factory activity shrinks in July, adds to pressure to reverse slump