Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

  Bloomberg Treasuries rose for a fourth day and gold reached a three-month high as demand for haven assets persisted with investors assessing political risks in Europe and the US American equities slumped. The S&P 500 Index extended a stretch of listlessness as disappointing bank results in Europe added to pressure on financial shares. Yields on 10-year Treasury notes fell ...

  Bloomberg A fresh pull-back in oil prices and waning risk appetite towards equity markets in general may drag Gulf stock markets lower on Wednesday. Brent oil futures lost 1.2 percent on Tuesday and have continued to fall in Asian trade on Wednesday; they were at $54.66 a barrel at 0524 GMT. MSCI’s broadest index of Asia-Pacific shares outside Japan ...