Global financial services major Merrill Lynch has cautioned that oil prices may decline to a low of USD 25 a barrel next year if the slowdown that has already hit the developed nations extends to China. Merrill Lynch in its global outlook

KARACHI - The credit cards and car financing has declined by Rs 3.70 billion in first three months of this calendar year over the lending portfolio of credit cards and auto loans in December 2007. The domestic banks and other financial

LONDON  - Oil prices eased on Wednesday, reversing earlier gains and a sharp spike the day before, as the market awaited the latest weekly government report on the health of American energy inventories. New York’s main contract,