Stocks Nasdaq gains on megacap boost as markets assess payrolls data The Dow and the S&P 500 struggled for direction on Friday as investors assessed mixed payrolls data for cues on... Published 05 Jul, 2024 09:36pm
Stocks London midcaps touch more than two-year highs as Labour Party returns to power Britain’s domestic-focused stocks logged their best week in more than five months on Friday after a landslide... Published 05 Jul, 2024 09:32pm
Energy Global LNG: Asia spot prices decline on waning Chinese demand LONDON: Asian spot liquefied natural gas (LNG) prices were down this week but remained firm above $12, causing... Published 05 Jul, 2024 06:39pm
Stocks KSE-100 closes week marginally negative The Pakistan Stock Exchange (PSX) ended another trading session on a flat note as the benchmark KSE-100 index... Published 05 Jul, 2024 06:12pm
Stocks UAE bourses edge higher on US rate cut bets Stock markets in the United Arab Emirates edged higher on Friday as optimism about a U.S. interest rate cut... Published 05 Jul, 2024 06:10pm
Stocks Sri Lankan shares end higher as energy, consumer staple stocks gain CSE All Share index settled up 0.17% at 11,947.43 Published 05 Jul, 2024 06:01pm
Money & Banking Ukraine foreign currency reserves slip to $37.9bn, central bank says KYIV: Ukraine’s foreign currency reserves slipped to $37.9 billion at the start of July, the central bank said on... Published 05 Jul, 2024 05:38pm
Commodities Asia gold: High gold prices dull activity in India and China Physical gold dealers in India offered discounts for the ninth consecutive week due to high prices, as they await a... Published 05 Jul, 2024 05:32pm
Money & Banking India’s forex reserves fall to $652 billion as of June 28 MUMBAI: India’s foreign exchange reserves fell by $1.7 billion last week to stand at $652 billion as of June 28,... Published 05 Jul, 2024 05:04pm
Stocks India’s Nifty 50 posts record close, longest weekly rally of 2024 BENGALURU: India’s blue-chip Nifty 50 notched another record closing high on Friday, shrugging off a slide in HDFC... Published 05 Jul, 2024 04:59pm
Commodities Copper hits three-week high on interest rate hopes LONDON: Copper prices in London hit their highest in more than three weeks on Friday, on course for the first weekly... Published 05 Jul, 2024 04:54pm
Commodities Palm posts best week in five JAKARTA: Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders... Published 05 Jul, 2024 04:51pm
Bullion Rate Gold price per tola increases another Rs1,100 in Pakistan Gold prices in Pakistan registered gains for the third successive session on Friday in line with an increase in the... Published 05 Jul, 2024 04:22pm
Companies Pakistan’s DealCart announces $3mn seed round led by international investors DealCart, a Pakistani social e-commerce startup, announced on Thursday that it has successfully raised $3 million in... Updated 05 Jul, 2024 07:09pm
Companies Transaction complete: UBL sells off stake in its UK subsidiary to Bestway Group United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has successfully concluded the transaction... Updated 05 Jul, 2024 07:09pm
Forex Kenyan shilling flat as traders see protests cooling off NAIROBI: The Kenyan shilling was unchanged in quiet trade on Friday morning, as traders saw anti-government protests... Published 05 Jul, 2024 03:50pm
Commodities India’s May tea output falls 30%, lowest level in over a decade MUMBAI: India’s tea production in May plunged more than 30% from a year earlier to 90.92 million kilograms (kg), its... Published 05 Jul, 2024 03:46pm
Business & Economy Dr Gohar Ejaz urges govt to provide relief to salaried class Former caretaker minister also advocates lowering key interest rate Updated 05 Jul, 2024 04:45pm
Commodities French soft wheat yield seen 11% below 10-year average PARIS: This year’s French soft wheat harvest is expected to show a yield 11% below the 10-year average, due to a... Published 05 Jul, 2024 02:34pm
Stocks Europe equities rise at open as Labour win UK election LONDON: Europe’s stock markets rose in opening deals on Friday as investors digested news that Labour, as expected,... Published 05 Jul, 2024 01:40pm
Stocks British stocks, bond prices rise after Labour election win LONDON: British stock and government bond prices rose on Friday after the centre-left Labour Party surged to a... Published 05 Jul, 2024 12:18pm
Forex China’s yuan steady as PBOC hints about bond sales push up yields SHANGHAI: China’s yuan held steady on Friday against the US dollar as yields for Chinese government bonds rose... Published 05 Jul, 2024 12:15pm
Stocks Farrukh H Khan resigns as Pakistan Stock Exchange CEO Farrukh H Khan has resigned from the position of Chief Executive Officer (CEO) of Pakistan Stock Exchange Limited... Updated 05 Jul, 2024 04:32pm
Stocks Asia stocks notch records; pound calm after Labour landslide SINGAPORE: Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the... Published 05 Jul, 2024 11:21am
Commodities Palm oil tracks Dalian rivals lower but set for weekly gain JAKARTA: Malaysian palm oil futures tracked rival Dalian oils lower on Friday, but were on track for a second... Published 05 Jul, 2024 10:57am
Exchange Rupee registers minor gain against US dollar Currency settles at 278.38 against the greenback in the inter-bank market Updated 05 Jul, 2024 07:02pm
Bitcoin slides to four-month lows, ether sinks 8% SINGAPORE: Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year,... Published 05 Jul, 2024 10:34am
Stocks Cyclical and consumer shares drag China stocks down SHANGHAI: China stocks fell on Friday, dragged by cyclical and consumer shares, while investors were watching moves... Published 05 Jul, 2024 10:03am
Bullion Rate Gold eyes second straight weekly rise; spotlight on US payrolls Gold prices edged up on Friday and were set for a second straight weekly gain, while traders awaited US employment... Published 05 Jul, 2024 09:59am
Mutual Funds Indian bond yields flat; debt auction, US jobs data on tap MUMBAI: Indian government bond yields were flat in the early session on Friday, with the benchmark yield hovering... Published 05 Jul, 2024 09:57am
Forex Indian rupee bias on upside amid dollar decline before key US jobs report MUMBAI: The Indian rupee is expected to do well on Friday in the wake of the dollar’s decline before a jobs report... Published 05 Jul, 2024 09:55am
Stocks Australian shares retreat as commodity stocks drag Australian shares slipped on Friday after two straight sessions of gains, with commodity-related stocks and... Published 05 Jul, 2024 09:53am
Stocks Japanese shares climb record peaks; market eyes US data TOKYO: Japan’s Nikkei share average and the broader Topix index both touched record highs on Friday, although they... Published 05 Jul, 2024 09:52am
Stocks Indian shares open lower dragged by HDFC Bank BENGALURU: Indian shares opened lower on Friday, dragged by top private lender HDFC Bank, which reported a... Published 05 Jul, 2024 09:49am
Forex Dollar at three-week lows; pound takes UK election in stride SINGAPORE: The US dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely... Published 05 Jul, 2024 09:48am
Philippine central bank says inflation to settle within target in 2024, 2025 MANILA: The Philippine central bank said on Friday that risks to inflation have shifted to the downside and it... Published 05 Jul, 2024 09:45am
Energy Oil prices on track for fourth straight week of gains Oil prices steadied near their highest levels since late April on Friday, and were on track for a fourth straight... Updated 05 Jul, 2024 06:36pm
Money & Banking BoP to set up ‘Wholesale Banking Unit’ in Bahrain KARACHI: The Board of Directors of the Bank of Punjab has approved the business plan to establish a Wholesale ... Published 05 Jul, 2024 03:17am
Companies Affordability of EVs: U Bank sign MoU with Yousuf Dewan Companies ISLAMABAD: U Micro-finance Bank (U Bank) and Yousuf Dewan Companies have entered into a strategic collaboration to... Published 05 Jul, 2024 03:17am
Companies TECNO, Careem sign MoU KARACHI: TECNO Pakistan and Careem have signed MoU for an exciting Raffles Campaign, offering users the chance to ... Published 05 Jul, 2024 03:17am
Concerted efforts can help increase textile export: PHMA FAISALABAD: Mian Farrukh Iqbal Chairman Pakistan Hosiery Manufacturers and Exporters Association (North Zone) while... Published 05 Jul, 2024 03:17am
Taxes Taxpayers challenge random selection of returns for audit LAHORE: Taxpayers from sugar industry have challenged the power of Commissioner Inland Revenue (CIR) to make a ... Published 05 Jul, 2024 03:17am
Money & Banking Dollar weakness supports pound and euro LONDON: The pound and the euro gained against the dollar on Thursday after weak US economic data sent the greenback... Published 05 Jul, 2024 03:17am
Money & Banking Asian currencies rise on US rate cut wagers BENGALURU: Asian currencies gained ground against a weaker dollar on Thursday, and equities climbed with those in... Published 05 Jul, 2024 03:17am
Industry Aurangzeb, other ministers to visit FPCCI’s regional office LAHORE: Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb and Minister of State for Finance,... Published 05 Jul, 2024 03:17am
Taxes FBR transfers, posts 78 officials ISLAMABAD: In a major reshuffling on Thursday, the Federal Board of Revenue (FBR) has transferred and posted 78... Published 05 Jul, 2024 03:17am
Companies GM fined $146m for lowballing vehicle emissions NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its... Published 05 Jul, 2024 03:17am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US