Stocks London’s FTSE 100 slips as investors eye US, UK economic data London’s FTSE 100 fell for the third consecutive day on Thursday as GSK dropped after the U.S. public health agency... Published 27 Jun, 2024 10:02pm
Stocks European shares subdued ahead of economic data, French elections; H&M plunges European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first round of... Published 27 Jun, 2024 10:01pm
Business & Economy Budget 2024-25: a mixed bag for Pakistan’s climate change efforts Pakistan’s Finance Minister Mohammad Aurangzeb, in his budget 2024-25 speech, said Pakistan faces dangers due to the... Updated 27 Jun, 2024 09:59pm
Forex SBP-held foreign exchange reserves decrease $239mn to fall below $9bn Central bank attributes decrease in reserves to external debt repayments Updated 27 Jun, 2024 10:15pm
Stocks Megacaps boost Nasdaq after economic data; Micron, Walgreens slump The Nasdaq rose on Thursday while other indexes were flat to slightly higher, as a dip in Treasury yields after a... Published 27 Jun, 2024 08:29pm
Stocks Major Gulf markets gain on firm oil prices, Egypt outperforms Major Gulf indexes closed higher on Thursday, as oil prices gained on worries that a potential expansion of the Gaza... Published 27 Jun, 2024 08:20pm
Europe Bank of England warns of economic risks from elections LONDON: Policy uncertainty linked to upcoming elections in France and the United States has increased the risk of... Published 27 Jun, 2024 06:51pm
Stocks Sri Lankan shares end lower dragged by financials, industrials CSE All-Share index settled 0.59% lower at 12,188.79 Published 27 Jun, 2024 05:52pm
Money & Banking Turkish central bank holds rate at 50%, attentive to inflation risks ISTANBUL: Turkiye’s central bank kept its main interest rate steady at 50% on Thursday as expected and reiterated... Updated 27 Jun, 2024 10:05pm
Stocks India shares record-high rally chugs on; set for best month in 2024 BENGALURU: India’s benchmark stock indexes scaled new peaks on Thursday and were on track for the best monthly gain... Published 27 Jun, 2024 04:46pm
Commodities Copper slips to more than two-month low on high stocks and weak demand LONDON: Copper prices hit their weakest in more than two months on Thursday as more bullish positions were scrapped,... Published 27 Jun, 2024 04:43pm
Commodities Palm oil ends higher for second day on lower output concerns BEIJING: Malaysian palm oil futures ended higher on Thursday, as forecast of lower production outweighed prospect of... Published 27 Jun, 2024 04:41pm
Business & Economy Pakistan’s remittances to recover and grow in 2024, 2025: World Bank Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report Updated 27 Jun, 2024 08:13pm
Stocks London stocks subdued as investors digest corporate updates; eye on economic data UK stock indexes were largely muted on Thursday as investors digested a slew of corporate updates, while caution... Published 27 Jun, 2024 03:37pm
Middle East Saudi Arabia leads Gulf bourses higher, Dubai falls Major Gulf bourses rose in early trading on Thursday, with Saudi Arabia leading the gains buoyed by surge in shares... Published 27 Jun, 2024 03:32pm
Kenya backing down on tax hikes will complicate IMF funding: Moody’s JOHANNESBURG: Moody’s credit rating agency said Kenyan President William Ruto’s decision to withdraw planned tax... Published 27 Jun, 2024 03:31pm
Forex Rouble rises strongly ahead of monthly tax payments MOSCOW: The Russian rouble rose strongly against the dollar on Thursday in volatile, low-liquidity trade, supported... Published 27 Jun, 2024 03:26pm
Stocks European stock markets diverge at open LONDON: Europe’s main stock markets diverged at the start of trading Thursday following modest gains on Wall Street... Published 27 Jun, 2024 02:47pm
Energy Circular debt: govt approves Rs82bn payment to OGDC The government has approved a payment of Rs82 billion ($233.17 million) to Oil and Gas Development Company Limited... Updated 27 Jun, 2024 05:37pm
Commodities Gold price per tola increases Rs400 in Pakistan After declining in the previous two sessions, gold prices in Pakistan increased on Wednesday in contrast to a... Published 27 Jun, 2024 01:40pm
Energy Italy’s Eni agrees to sell Alaska upstream assets to Hilcorp ROME: Italy’s Eni said on Thursday it had signed a binding agreement to sell Nikaitchuq and Oooguruk upstream assets... Published 27 Jun, 2024 01:22pm
Bullion Rate Gold prices lingers near two-week low ahead of US inflation data Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited US... Published 27 Jun, 2024 01:20pm
Mutual Funds Euro zone bond yields hit two-week high, inflation back in focus LONDON: Euro zone government bond yields rose to their highest levels in two weeks on Thursday as investors waited... Published 27 Jun, 2024 01:17pm
Mutual Funds JGB yields jump as fragile yen fuels July rate hike bets TOKYO: Japanese government bond (JGB) yields rose on Thursday as the yen hovered at a 38-year trough, fuelling... Published 27 Jun, 2024 01:15pm
Commodities Copper hovers near two-month low as demand woes linger Copper futures inched higher on Thursday, although a firmer dollar and uncertainty over economic recovery in top... Published 27 Jun, 2024 12:53pm
Stocks China stocks down as industrial profit growth slows sharply SHANGHAI: China stocks fell on Thursday as the country’s industrial profits rose at a much slower pace in May, while... Published 27 Jun, 2024 12:51pm
Stocks KSE-100 gains 253 points amid low volume Positive sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index closed the second... Updated 27 Jun, 2024 11:07pm
Stocks Hong Kong stocks begin with loss HONG KONG: Hong Kong shares sank at the beginning of trade Thursday morning in an uneasy start for Asian markets,... Published 27 Jun, 2024 11:09am
Exchange Rupee largely stable against US dollar Currency settles at 278.38 against the greenback in inter-bank market Updated 27 Jun, 2024 11:15pm
Stocks Asia stocks down, yen slump keeps markets on intervention alert SINGAPORE: Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen’s... Published 27 Jun, 2024 10:16am
Stocks Japan’s Nikkei skids 1% as yen intervention risks rise TOKYO: Japan’s Nikkei share average fell 1% on Thursday, giving up most of its gains from the previous session, as... Published 27 Jun, 2024 10:07am
Stocks Australian shares drop over 1% as sticky inflation raises rate hike worries Australian shares retreated more than 1% on Thursday, with broad based losses across most sectors, after... Published 27 Jun, 2024 10:04am
Mutual Funds Indian bond yields to track US peers higher; index inclusion key MUMBAI: Indian government bond yields are expected to inch higher in early trading on Thursday, mirroring US yields,... Published 27 Jun, 2024 10:00am
Forex Indian rupee likely to draw support from expected inflows amid rise in US yields MUMBAI: The Indian rupee is likely to open slightly higher on Thursday, counting on inflows the inclusion expected... Published 27 Jun, 2024 09:58am
Sri Lanka debt deal a key milestone towards restoring debt sustainability, IMF says COLOMBO: The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other... Published 27 Jun, 2024 09:56am
Stocks Financials, IT weigh on Indian shares; Ultratech caps losses BENGALURU: Indian shares opened marginally lower on Thursday, weighed down by a drop in financials and information... Published 27 Jun, 2024 09:53am
Forex Battered yen pinned near multi-decade low amid resilient dollar SINGAPORE: The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar,... Published 27 Jun, 2024 09:49am
Energy Oil steady as US demand flags but Middle East risk mounts LONDON: Oil prices were largely steady on Thursday as a surprise build in US stockpiles fuelled fears about slow... Updated 27 Jun, 2024 03:12pm
Loss-making entities: NHA, power sector top the list ISLAMABAD: The National Highway Authority (NHA) and the power sector have topped the list of 23 loss-making entities... Updated 27 Jun, 2024 11:01am
Failure to tax world’s richest means global tax needed PARIS: The failure of rich countries to tax the world’s billionaires has made it necessary to introduce a global... Updated 27 Jun, 2024 08:50am
Companies KE demands Sindh govt make Rs10.5bn payment KARACHI: K-Electric’s spokesperson has issued a statement urging the Sindh government to pay its outstanding... Updated 27 Jun, 2024 12:31pm
‘Continuity of policies only way out of economic problems’ ISLAMABAD: Federal Minister for Planning, Development, Reforms and Special Initiatives Ahsan Iqbal has said that... Published 27 Jun, 2024 06:52am
Public-facing apps: Pak cos warned of associated cybersecurity dangers ISLAMABAD: A global cybersecurity firm has warned Pakistani companies about the cybersecurity dangers associated ... Published 27 Jun, 2024 06:52am
Punjab Assembly passes Rs5,446bn budget, including Rs842bn ADP LAHORE: The Punjab Assembly on Wednesday passed budget for financial year 2024-25 with a total outlay of Rs 5,446... Published 27 Jun, 2024 06:52am
Industry Bananas & dates at Khairpur: TDAP Sukkur organises consultative session KHAIRPUR: Trade Development Authority of Pakistan (TDAP) Sukkur organized a consultative session on Banana and Dates... Published 27 Jun, 2024 06:52am
Taxes 25-30pc sales tax on essential healthcare products assailed ISLAMABAD: The Healthcare Devices Association of Pakistan (HDAP) expresses profound concern and frustration on ... Published 27 Jun, 2024 06:52am
Enhancing exports a must for sustainable growth: Senate chief ISLAMABAD: Chairman Senate Syed Yousuf Raza Gillani has said that for country’s sustainable and inclusive growth ... Published 27 Jun, 2024 06:52am
Industry ‘FPCCI, Senate budget proposals deserve serious consideration’ KARACHI: Chairman of FPCCI Policy Advisory Board and National Business Group Pakistan, Mian Zahid Hussain on... Published 27 Jun, 2024 06:52am
Industry PPA, Veterinary Pharmaceutical body, traders visit LCCI LAHORE: Delegations from the Veterinary Pharmaceutical Association, farmers, pharmaceutical stakeholders, traders,... Published 27 Jun, 2024 06:52am
Taxes Defined benefit plans: Income tax dept disallows actuarial loss to cellular company LAHORE: The income tax department has disallowed actuarial loss to a cellular company on its defined benefit plans,... Published 27 Jun, 2024 06:52am
Money & Banking Yen tumbles to 38-year low vs dollar NEW YORK: The yen dropped to its lowest against the US dollar since late 1986 on Wednesday, amid a wide interest ... Published 27 Jun, 2024 06:52am
Money & Banking Asian currencies: Aussie supported after inflation spike SINGAPORE: The Australian dollar rallied on a surprise jump in inflation on Wednesday, while the US dollar kept... Published 27 Jun, 2024 06:52am
Money & Banking Islamic banking: Mashreq allowed to commence operations KARACHI: The State Bank of Pakistan (SBP) has granted, In-Principal Approval (IPA), to Mashreq Pakistan to commence... Published 27 Jun, 2024 06:52am
Energy PFMA condemns surge in fixed electricity charges LAHORE: The Pakistan Flour Mills Association (PFMA) has strongly condemned the recent surge in fixed electricity... Published 27 Jun, 2024 06:52am
Companies Specific clauses of SSA between MNT Halan Pak B V, Advans S A SICAR: CCP grants exemption ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted exemption over specific clauses of Sale Share... Published 27 Jun, 2024 06:52am
Companies Local assembling of buses: Master Motor and Yutong ink MoU to set up JV co SHENZHEN: Master Motor Corporation and Yutong Bus Company signed a Memorandum of Understanding (MoU) to establish a... Published 27 Jun, 2024 06:52am