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Markets

China’s yuan steady on PBOC guidance; outlook shaky on US tariff risks

SHANGHAI: China’s yuan was steady on Monday as the dollar’s furious rally took a breather, while the Chinese central...

Published 18 Nov, 2024 02:47pm

World

Kremlin says US decision on long-range strikes would stoke tension

MOSCOW: The Kremlin said on Monday that if the United States allowed Ukraine to use US-made weapons to strike far...

Published 18 Nov, 2024 02:45pm

Markets

Bangladesh gets offers in tender to buy 50,000 T rice

HAMBURG: The lowest price offered in the tender from Bangladesh’s state grains buyer to purchase 50,000 metric tons...

Published 18 Nov, 2024 02:43pm

Markets

Ugandan shilling trades little-changed, under some pressure

KAMPALA: The Ugandan shilling was little-changed on Monday, but was under a little pressure as energy importers...

Published 18 Nov, 2024 02:41pm

Markets

Gold price per tola increases Rs2,500 in Pakistan

After declining in the previous session, gold prices in Pakistan went higher on Monday in line with their increase...

Published 18 Nov, 2024 02:39pm

World

US envoy expected in Beirut on Tuesday for ceasefire talks

BEIRUT: The US official overseeing contacts to secure a ceasefire between Israel and the Iran-backed Hezbollah in...

Published 18 Nov, 2024 02:21pm

Markets

Euro zone yields mixed, focus on US Treasuries, economic data

Euro zone borrowing costs were mixed on Monday, with US Treasury yields settling around their recent highs while a...

Published 18 Nov, 2024 02:19pm

Markets

South African rand firms on S&P outlook upgrade

JOHANNESBURG: South Africa’s rand gained on Monday, as markets welcomed rating agency S&P’s decision to raise...

Published 18 Nov, 2024 02:17pm

Business & Finance

ECB’s Nagel says Trump’s tariffs may have minor impact on inflation

FRANKFURT: The tariffs promised by US President-elect Donald Trump would upend international trade but may...

Published 18 Nov, 2024 02:16pm

Markets

China’s Oct refined fuel exports fall to 18-month low

BEIJING: China’s refined fuel exports fell to an 18-month low in October, customs data showed on Monday, as weak...

Published 18 Nov, 2024 02:14pm

Markets

Most Gulf markets gain in early trade on firmer oil prices

Most stock markets in the Gulf rose in the early trading on Monday, tracking higher oil prices after fighting...

Published 18 Nov, 2024 02:09pm

Markets

Kenyan shilling unchanged versus dollar, LSEG data shows

Shilling traded at 129.00/130.00 at 08:26 GMT

Published 18 Nov, 2024 02:07pm

Markets

European shares struggle ahead of speeches from ECB policymakers

European shares struggled for direction on Monday following four consecutive weeks of declines, as investors awaited...

Published 18 Nov, 2024 02:06pm

Markets

Ivory Coast 2024/25 cocoa arrivals up 32% as of Nov.17

ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached 549,000 metric tons by Nov. 17 since the start of...

Published 18 Nov, 2024 02:05pm

World

EU should allow Ukraine to strike inside Russia, foreign policy chief says

EU foreign policy chief Josep Borrell on Monday expressed his hope that EU members could agree to allow Ukraine to...

Published 18 Nov, 2024 02:04pm

Markets

Russian rouble hovers around 100 to US dollar on renewed tensions with West

MOSCOW: The Russian rouble hovered near 100 to the US dollar on Monday after reports that the US administration had...

Published 18 Nov, 2024 02:02pm

Markets

Cotton arrival slumps in first two weeks of November

Cotton arrival in Pakistan registered a massive decline of 34% as of November 15, 2024 compared to the same period...

Published 18 Nov, 2024 01:57pm

Sports

Jannik Sinner says room to improve in 2025 after home ATP Finals triumph

TURIN: Jannik Sinner says he still has areas where he can improve next year after winning the ATP Finals for the...

Published 18 Nov, 2024 01:44pm

Sports

Carsley relieved to sign off with Nations League promotion for England

LONDON: Lee Carsley admitted he was relieved to end his reign as England interim boss with the stylish 5-0 rout of...

Published 18 Nov, 2024 01:40pm

Sports

No.1 Korda wins LPGA Annika for seventh title of the season

MIAMI: World number one Nelly Korda captured her seventh LPGA title of the season and 15th career crown on Sunday,...

Published 18 Nov, 2024 01:33pm

Sports

Adrien Rabiot brace fires France past Italy and top of Nations League group

MILAN: Adrien Rabiot fired France to first place in their Nations League group with a headed brace in Sunday’s 3-1...

Published 18 Nov, 2024 01:30pm

Pakistan

Jul-Oct FDI clocks in at $904.3mn, up 32% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 32.3% during the first four months of the ongoing fiscal year...

Published 18 Nov, 2024 01:29pm

Sports

Rain wipes out England’s final T20 in West Indies

GROS-ISLET: England’s fifth and final T20 international of their series in the Caribbean was rained off on Sunday,...

Published 18 Nov, 2024 01:25pm

World

Trump return won’t impact Iran-China ties: Khamenei aide

TEHRAN: Iran’s ties with China will remain unchanged despite the election of Donald Trump as US president, an...

Published 18 Nov, 2024 01:18pm

World

Philippines cleans up as typhoon death toll rises

MANILA: Filipinos cleared fallen trees and repaired damaged houses on Monday after the sixth major storm to batter...

Published 18 Nov, 2024 01:14pm

World

North Korea’s Kim slams US, West over Ukraine

SEOUL: North Korean leader Kim Jong Un said the United States and the West are using the Ukrainian military as...

Published 18 Nov, 2024 01:11pm

Life & Style

Quincy Jones awarded posthumous Oscar

LOS ANGELES: The late Quincy Jones was posthumously awarded an honorary Oscar at an emotional and star-packed...

Published 18 Nov, 2024 01:07pm

Sports

Pakistan win toss, bat in final T20 against Australia

HOBART: Pakistan captain Salman Agha won the toss and opted to bat in the third and final T20 against Australia in...

Published 18 Nov, 2024 01:00pm

World

UK PM Starmer to meet China’s Xi at G20 summit in Brazil

British Prime Minister Keir Starmer will meet Chinese President Xi Jinping on the sidelines of the G20 summit in Rio...

Published 18 Nov, 2024 12:43pm

Markets

China’s Oct aluminium imports fall 8.7% y/y, customs data shows

SINGAPORE: China’s imports of unwrought aluminium and aluminium products in October slid 8.7% year-on-year to...

Published 18 Nov, 2024 12:40pm

World

Russia says it downs 59 Ukrainian drones, including two heading towards Moscow

Russia’s air defence units destroyed 59 Ukrainian drones overnight, including two heading towards Moscow, Russia’s...

Published 18 Nov, 2024 12:35pm

Business & Finance

Indian central bank likely selling dollars to support rupee, traders say

MUMBAI: The Indian central bank was likely selling dollars to support the rupee as the currency lingered near its...

Published 18 Nov, 2024 12:33pm

World

G20 summit confronts a global order unsettled by Trump’s return

RIO DE JANEIRO: Leaders of the Group of 20 major economies were set to meet on Monday in Brazil for their annual...

Published 18 Nov, 2024 12:28pm

Markets

Pakistan’s REER index increases to 100.9 in October 2024

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 18 Nov, 2024 12:22pm

Markets

Gold gains over 1% as dollar rally stalls

Gold prices rose more than 1% on Monday after last week’s sharp declines, as a rally in the dollar paused, while...

Published 18 Nov, 2024 12:19pm

World

Sri Lanka reappoints Amarasuriya as prime minister

COLOMBO: Sri Lankan President Anura Kumara Dissanayake reappointed Harini Amarasuriya as the prime minister of the...

Published 18 Nov, 2024 12:17pm

World

Russian lawmaker says Biden is risking WW3 with missile decision

MOSCOW: Russian lawmaker Maria Butina said on Monday that the administration of President Joe Biden was risking...

Published 18 Nov, 2024 12:14pm

World

Shrouded in smog, Delhi pollution reading is the highest this year

NEW DELHI: A thick blanket of toxic smog engulfed most parts of northern India on Monday and readings of air quality...

Published 18 Nov, 2024 12:05pm

Business & Finance

Country Garden submits offshore debt restructuring plan to creditors, sources say

HONG KONG: China’s Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some...

Published 18 Nov, 2024 11:54am

Markets

Palm declines on weakness of Dalian palm olein

KUALA LUMPUR: Malaysian palm oil futures traded lower on Monday, weighed by weakness in Dalian palm olein. The...

Published 18 Nov, 2024 11:51am

Markets

Soybeans ease on stronger dollar, South American harvest outlook

BEIJING: Chicago soy futures reversed gains on Monday as a stronger dollar and expectations of a large South...

Published 18 Nov, 2024 11:47am

Markets

China, HK stocks rise on regulator guidelines; tariff threat looms

SHANGHAI: China and Hong Kong stocks rose on Monday after Chinese regulators urged listed companies to bolster share...

Published 18 Nov, 2024 11:44am

World

Australia’s ‘balance’ in focus as Albanese to meet China’s Xi

SYDNEY: Australia’s Prime Minister Anthony Albanese will meet China’s President Xi Jinping in Brazil on Monday, as...

Published 18 Nov, 2024 11:41am

Markets

Sinopec, Aramco start building petrochemical complex in China’s Fujian

SINGAPORE: Sinopec Corp said on Monday that the company and Saudi Aramco have started constructing a refinery and...

Published 18 Nov, 2024 11:32am

Markets

Iran’s SLAL tenders for 120,000 T feed barley, traders say

HAMBURG: Iranian state-owned animal feed importer SLAL has issued an international tender to purchase at least...

Published 18 Nov, 2024 11:29am

Markets

Thai rice exports up 20% y/y in first 10 months of 2024, says commerce ministry

BANGKOK: Thai rice exports were up 20% in the January to October period of 2024 compared to the same period a year...

Published 18 Nov, 2024 11:26am

Markets

Pakistan records $349mn current account surplus in October 2024

This is the third consecutive month in which Pakistan's current account has posted surplus

Updated 18 Nov, 2024 01:29pm

Technology

Foxconn tells India recruiters: Nix marital status in iPhone job ads

SRIPERUMBUDUR: Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in...

Published 18 Nov, 2024 11:18am

Business & Finance

Shanghai will reduce real estate transaction taxes to boost demand, state media says

BEIJING: Shanghai said on Monday it would reduce some taxes on real estate transactions from Dec. 1, according to...

Published 18 Nov, 2024 11:09am

World

Donald Trump taps Big Tech critic Carr to chair Federal Communications Commission

WASHINGTON: President-elect Donald Trump has picked Brendan Carr, a critic of the Biden administration’s telecom...

Published 18 Nov, 2024 11:05am

Markets

Intra-day update: rupee sees marginal decline against US dollar

Currency hovers at 277-278 level in inter-bank market

Published 18 Nov, 2024 11:05am

World

US Defence Secretary underscores ironclad commitment to Philippines

MANILA: US Defence Secretary Lloyd Austin on Monday emphasised the United States’ unwavering commitment to its...

Published 18 Nov, 2024 10:59am

Markets

Indian rupee nearly flat; central bank intervention supports as equities stay tepid

MUMBAI: The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India (RBI)...

Published 18 Nov, 2024 10:56am

Business & Finance

Goldman Sachs downgrades Hong Kong stocks to underweight

SINGAPORE: Hong Kong stocks are cheap but may miss out on the benefits of China’s efforts to support its economy,...

Published 18 Nov, 2024 10:53am

Markets

Indian bond yields to start week on a flattish note amid lack of triggers

MUMBAI: Indian government bond yields are expected to trade largely unchanged at the start of another...

Published 18 Nov, 2024 10:38am

Markets

Shares rise ahead of Nvidia results; BOJ’s Ueda offers few rate hints

SINGAPORE: Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from...

Published 18 Nov, 2024 10:34am

Markets

Indian shares set for a muted start

Indian shares are set for a muted start on Monday after the benchmark Nifty 50 slipped into correction territory...

Published 18 Nov, 2024 10:31am

Markets

Banks, healthcare stocks drag Australian shares lower; ASIC sues NAB

Australian shares fell on Monday, dragged down by financial and healthcare stocks, while the country’s corporate...

Published 18 Nov, 2024 10:27am

Markets

Japan’s Nikkei falls as tech shares track Wall Street losses

TOKYO: Japan’s Nikkei share average fell on Monday as technology shares tracked U.S peers’ losses at the end of last...

Published 18 Nov, 2024 10:25am

Markets

Australia, NZ dollars bounce against yen as BOJ’s Ueda disappoints hawks

SYDNEY: The Australian and New Zealand dollars bounced versus the yen on Monday as Japan’s top central banker...

Published 18 Nov, 2024 10:18am

Markets

Thai baht gains as GDP growth beats estimates; Asia FX off to muted start

The Thai baht inched higher on Monday, outperforming most other emerging market currencies in Asia, after the...

Published 18 Nov, 2024 10:07am

Markets

Dollar firms against yen as BOJ leaves open timing of hikes

SYDNEY: The dollar rose against the yen on Monday after Japan’s top central banker flagged further policy tightening...

Published 18 Nov, 2024 10:03am

Markets

Oil nudges higher after Russia-Ukraine tensions escalate

SINGAPORE: Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend,...

Updated 18 Nov, 2024 01:47pm

BR Research

IMF: Steady does it

The IMF’s “no surprises” visit comes to a close and the team has gone back. The mission was here for a stock-taking...

Published 18 Nov, 2024 08:49am

BR Research

Cement: No cracks in profitability

It appears that the fate of the cement industry is no longer tied to how strongly the companies perform on volumes....

Published 18 Nov, 2024 08:41am

BR Research

Interview with Farhan Muhammad Haroon, CEO and General Manager - Haleon Pakistan

‘Shifting focus from self-medication to self-care’ Farhan Muhammad Haroon is the CEO & General Manager for...

Published 18 Nov, 2024 08:37am

World

Biden allows Ukraine to use US arms to strike inside Russia

WASHINGTON: President Joe Biden’s administration will allow Ukraine to use US-provided weapons to strike deep into...