Money & Banking ECB grows more confident about cutting rates, policymakers say VILNIUS/FRANKFURT: The European Central Bank is growing more confident about cutting interest rates as euro zone... Published 06 May, 2024 07:26pm
Stocks Most Gulf markets muted as Mideast tension rises Most stock markets in the Gulf were subdued on Monday amid rising fears the Israel-Hamas conflict could still widen... Published 06 May, 2024 07:22pm
Business & Economy Iran, Pakistan seek ways to complete gas pipeline project: Iranian official We see political determination from Pakistan to complete the project, says Iran's Consul General to Pakistan Updated 06 May, 2024 10:16pm
Stocks Industrial, consumer discretionary stocks drag Sri Lankan shares BENGALURU: Sri Lankan shares closed lower on Monday, as a drop in industrial and consumer discretionary stocks... Published 06 May, 2024 05:48pm
Stocks State-run banks weigh on India’s blue-chip Nifty 50 index BENGALURU: India’s blue-chip Nifty 50 closed lower on Monday, weighed down by a slide in state-run banks on fears... Published 06 May, 2024 04:53pm
Commodities Palm oil rises tracking soyoil, but export concerns linger SINGAPORE: Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices, although... Published 06 May, 2024 04:47pm
Companies Board approves Engro Corp, Dawood Hercules Corp restructuring plan Under proposed restructuring, Engro Corp will become a wholly-owned subsidiary of DH Corp Updated 06 May, 2024 10:17pm
Stocks Major Gulf bourses mixed in early trade Major stock markets in the Gulf were mixed in early trade on Monday, amid higher oil prices and rising hopes for an... Published 06 May, 2024 02:45pm
Commodities Gold price per tola jumps Rs2,500 in Pakistan After falling for six straight sessions, gold prices rebounded in Pakistan on Monday in line with their increase in... Updated 06 May, 2024 09:18pm
Climate change: Pakistan urges ADB to deploy additional resources for vulnerable countries Federal Minister for Economic Affairs Ahad Khan Cheema urged the Asian Development Bank (ADB) to deploy additional... Published 06 May, 2024 02:07pm
Business & Economy Aurangzeb hopes PIA privatisation is finalised by July Finance minister says IMF mission expected to arrive in Pakistan in the next seven to ten days Updated 06 May, 2024 09:49pm
Forex Russian rouble flat against the US dollar The Russian rouble was stable against the US dollar on Monday. By 0715 GMT, the rouble was flat at 91.60 to the... Published 06 May, 2024 01:18pm
Companies Volvo Cars April sales rise on strong EV demand COPENHAGEN: Volvo Cars’ sales rose 27% in April from a year earlier to 65,838 cars, boosted by demand for electric... Published 06 May, 2024 01:16pm
Forex South African rand gains on stronger PMI data JOHANNESBURG: The South African rand was stronger in early trade on Monday, after private sector activity rose... Published 06 May, 2024 01:14pm
Commodities Ukraine sees higher 2024 sugar output, looks for new markets, union says KYIV: Ukraine may increase white sugar production nearly 3% to 1.85 million metric tons in 2024 and the exportable... Published 06 May, 2024 01:12pm
Stocks European stock markets open higher PARIS: European stock markets opened higher on Monday as a US jobs report revived hopes of interest rate cuts this... Published 06 May, 2024 12:54pm
Business & Economy Pakistan ‘a high-priority’ destination for Saudi Arabia: Al-Mubarak Ibrahim Al-Mubarak, Assistant Minister of Investment in the Kingdom of Saudi Arabia (KSA), said that the kingdom’s... Updated 06 May, 2024 10:10pm
Energy Gasoline demand growth to slow this year on EV growth in China, US NEW DELHI: Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said,... Published 06 May, 2024 11:51am
Companies KE says 71% of its service territory remains loadshed exempt K-Electric (KE) has said that 71% of KE’s service territory remains loadshed exempt, adding that the remaining... Published 06 May, 2024 11:42am
Stocks Asia shares rally on Fed cut bets; yen pares gains By Rae Wee SINGAPORE: Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year,... Published 06 May, 2024 11:36am
Mutual Funds India bond yields seen lower tracking US peers MUMBAI: Indian government bond yields are expected to edge lower in early session on Monday, tracking a decline in... Published 06 May, 2024 11:31am
Companies Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan Master Changan Motors Limited (MCML) is set to introduce its first pure electric vehicle brand in Pakistan – Deepal... Published 06 May, 2024 11:28am
Commodities Palm oil edges up to mirror strength in rivals SINGAPORE: Malaysian palm oil futures rose on Monday, tracking rivals soyoil and crude oil higher. The benchmark... Published 06 May, 2024 11:24am
ECB rate cut case getting stronger, says chief economist Lane FRANKFURT: The case for a European Central Bank interest rate cut in June is getting stronger as services inflation... Published 06 May, 2024 11:17am
Forex China’s yuan surges to 6-week high, catching up with offshore moves SHANGHAI: China’s yuan had a catch-up rally and surged to a six-week high against the dollar on Monday, the first... Published 06 May, 2024 11:13am
Stocks KSE-100 gains over 1% as bullish trend continues The Pakistan Stock Exchange (PSX) maintained its bullish trend as the benchmark KSE-100 Index gained over 1% during... Updated 06 May, 2024 09:34pm
Companies Australia’s Qantas to pay $79mn to settle flight cancellation case SYDNEY: Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the... Published 06 May, 2024 11:11am
Forex Rupee largely stable against US dollar Currency settles at 278.24 against the greenback in inter-bank market Updated 06 May, 2024 09:36pm
Forex Australian dollar firm as bulls bet on hawkish turn at RBA SYDNEY: The Australian dollar edged higher on Monday as investors wagered the country’s central bank would sound... Published 06 May, 2024 11:07am
Commodities Shanghai copper falls on first trading session after holiday Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand... Published 06 May, 2024 10:47am
Commodities Soybeans ease from 6-week high, but Brazilian crop woes limit downside SINGAPORE: Soybeans slid on Monday as the market took a breather after climbing to a six-week high earlier in the... Published 06 May, 2024 10:44am
Stocks Mainland China shares book catch-up rally on stimulus hopes, Hong Kong edges lower SHANGHAI: Mainland Chinese shares staged a catch-up rally tracking their regional peers on Monday as investors... Published 06 May, 2024 10:42am
Forex Indian rupee little changed wedged between importers’ dollar demand, lower US bond yields MUMBAI: The Indian rupee was little changed on Monday as dollar demand from importers hurdled gains even as US bond... Published 06 May, 2024 10:39am
Indonesia’s Q1 GDP growth beats forecasts, highest in three quarters JAKARTA: Indonesia’s economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters... Published 06 May, 2024 10:36am
Bullion Rate Gold rises on Fed rate cut hopes, Middle East tensions Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates... Published 06 May, 2024 10:27am
Stocks Australian shares rise on US rate cut hopes; RBA in focus Australian shares rose on Monday after softer-than-expected US jobs data revived hopes of interest rate cuts this... Published 06 May, 2024 10:18am
Stocks Indian shares set to open higher on Fed rate-cut hopes BENGALURU: Indian shares are set to open higher on Monday, tracking upbeat sentiment in Asian peers, after... Published 06 May, 2024 10:16am
Forex Dollar steady after soft US jobs report; yen starts week on back foot SINGAPORE: The dollar was broadly steady on Monday as a soft US jobs report boosted wagers that the Federal Reserve... Published 06 May, 2024 10:09am
Energy Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the... Updated 06 May, 2024 04:50pm
Stable economy requires ‘long-term thinking’, says Rehmat Hasnie KARACHI: The path to a stable economy requires long-term thinking. Consistent policies are essential to attract... Published 06 May, 2024 05:30am
Money & Banking Sterling shrugs off local election to focus on US payrolls data LONDON: Sterling rose on Friday against a weakening dollar ahead of US jobs data due later in the day, while local... Published 06 May, 2024 05:30am
Money & Banking Weak dollar boosts Latam FX, stocks BRASILIA: Most Latin American currencies climbed on Friday, with the Brazilian real touching a three-week high ... Published 06 May, 2024 05:30am
Money & Banking Banks, real estate stocks lead gains in Aussie shares SYDNEY: Australian shares ended higher for a second straight session on Friday, led by financial and real estate... Published 06 May, 2024 05:30am
Saudi Arabia posts budget deficit of $3.30bn in Q1 RIYADH: Saudi Arabia posted a budget deficit of 12.387 billion riyals ($3.30 billion) in the first quarter of 2024,... Published 06 May, 2024 05:30am
Maersk’s net profit sinks amid Red Sea attacks COPENHAGEN: Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as ... Published 06 May, 2024 05:30am
PIAF delegation meets minister: ‘Govt to take business-friendly initiatives for economic growth’ LAHORE: Federal Minister for Industries and Production Rana Tanveer Hussain has expressed the hope that the... Updated 06 May, 2024 09:23am
SLIC’s 2023 business growth uncovers Pakistan’s untapped potential KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) has disclosed its outstanding financial... Published 06 May, 2024 05:30am
KP’s traders: SCCI, FPCCI vow to raise issues before federal govt PESHAWAR: President, Sarhad Chamber of Commerce and Industry (SCCI) Fuad Ishaq and Federation of Pakistan Chambers ... Published 06 May, 2024 05:30am
Industry Systems Limited hosts US ambassador Donald Blome LAHORE: Systems Limited, Pakistan’s premier provider of IT and IT enabled services, had the distinct honor of... Published 06 May, 2024 05:30am
Industry Pak Int’l Poultry Expo 2024 organised PESHAWAR: The Departments of Livestock, Agriculture, Government of Khyber Pakhtunkhwa in joint collaboration with... Published 06 May, 2024 05:30am