Companies McDonald’s sales fall globally for first time in more than three years McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking... Published 29 Jul, 2024 09:33pm
Business & Economy Miftah Ismail says fiscally possible to remove electricity taxes without disturbing primary surplus Former finance minister says the reduction in revenue collection from eliminating taxes can be offset by reducing funds allocated to the Public Sector Development Programme Published 29 Jul, 2024 09:27pm
Stocks Megacaps lift Nasdaq, S&P 500 ahead of Big Tech earnings, Fed verdict The Nasdaq and the S&P 500 rose on Monday, buoyed by megacap stocks as investors awaited Big Tech results, a... Published 29 Jul, 2024 08:46pm
Stocks Most Gulf markets in black on Fed rate-cut optimism Most stock markets in the Gulf rose in early trade on Monday amid expectations of a U.S. rate cut in September,... Published 29 Jul, 2024 07:53pm
Companies Adani to return to equity market with transmission business share sale, sources say MUMBAI: Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise... Published 29 Jul, 2024 06:59pm
Business & Economy Pakistan will face no difficulty in meeting external debt obligations in FY25: SBP governor Pakistan will not face an issue in meeting its external payment obligations in the current fiscal year (FY25), said... Updated 29 Jul, 2024 07:33pm
Stocks Indian shares end off record highs as traders book profits BENGALURU: Indian benchmark indexes gave up early gains to close broadly unchanged on Monday as traders booked... Published 29 Jul, 2024 04:57pm
Stocks Sri Lanka shares end lower as communication stocks weigh BENGALURU: Sri Lankan shares closed lower on Monday, dragged by losses in communication services stocks. The CSE All... Published 29 Jul, 2024 04:55pm
Commodities Copper loses ground on weak Chinese demand, high stocks LONDON: Copper prices slid on Monday on Chinese demand concerns and high inventories, while market participants... Published 29 Jul, 2024 04:52pm
Commodities Palm oil declines, weighed down by weaker Dalian rivals and firm ringgit JAKARTA: Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian... Published 29 Jul, 2024 04:48pm
Forex Kenya’s shilling firms, tea export dollars to add more lift NAIROBI: The Kenyan shilling slightly strengthened early on Monday, and traders anticipate further gains backed by... Published 29 Jul, 2024 03:47pm
Stocks Most Gulf markets gain on Fed rate cut optimism Most stock markets in the Gulf rose in early trade on Monday amid expectations of a US rate cut in September,... Published 29 Jul, 2024 03:24pm
Forex Ugandan shilling strengthens; NGO dollar inflows help KAMPALA: The Ugandan shilling was firmer on Monday on the back of inflows of dollars from non-governmental... Published 29 Jul, 2024 03:21pm
Business & Economy Fitch upgrades Pakistan rating to ‘CCC+’ Upgrade reflects greater certainty over continued availability of external funding, says credit rating agency Updated 29 Jul, 2024 07:43pm
Forex South African rand edges higher with eyes on Fed JOHANNESBURG: South Africa’s rand edged higher early on Monday, as risk sentiment remained positive ahead of the US... Published 29 Jul, 2024 02:49pm
Business & Economy SBP reduces key policy rate by 100bps, takes it to 19.5% Majority analysts expected cut, it was the quantum of reduction that had them divided Updated 29 Jul, 2024 07:42pm
Stocks London’s FTSE 100 boosted by energy stocks; US, UK rate decisions in focus London’s FTSE 100 inched higher on Monday, boosted by energy shares as well as investor optimism around interest... Published 29 Jul, 2024 01:57pm
Mutual Funds Japan’s 10-year yield near two-week lows on easing caution over BOJ’s bond purchase plan TOKYO: Japan’s 10-year government bond yield fell to a near two-week low on Monday, tracking the drop in US Treasury... Published 29 Jul, 2024 01:53pm
Stocks European shares open higher on oil sector, earnings boost European shares kicked off the week on a positive note, buoyed by the global oil sector amid fears of a widening... Published 29 Jul, 2024 01:29pm
Business & Economy Foreign investors repatriate $2.2bn in FY24, a massive 569% increase YoY Foreign investors repatriated a massive $2.215 billion on account of profit and dividend during fiscal year... Updated 29 Jul, 2024 08:04pm
Commodities Gold price per tola gains Rs200 in Pakistan Gold prices in Pakistan registered marginal gains on Monday in line with the increase in the international rate. In... Published 29 Jul, 2024 01:21pm
Companies Global appliance maker eyes strategic alliance with Waves Home Appliances Limited Waves Home Appliances Limited (WAVESAPP), a Pakistani manufacturer of home appliances, has received a proposal for... Updated 29 Jul, 2024 05:55pm
Stocks KSE-100 gains nearly 800 points ahead of monetary policy announcement The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday as its benchmark KSE-100 Index gained nearly... Updated 29 Jul, 2024 06:14pm
Forex Australia, NZ dollars get reprieve, CPI in focus SYDNEY: The Australian and New Zealand dollars managed to fend off selling pressure on Monday, as the results of a... Published 29 Jul, 2024 11:10am
Commodities Copper trades in tight range as investors assess economic outlook BEIJING: Copper prices struggled in a tight range on Monday after three straight weeks of declines, with investors... Published 29 Jul, 2024 11:08am
Commodities Palm oil falls, weighed down by weaker Dalian rivals JAKARTA: Malaysian palm oil futures on fell on Monday, weighed down by weakness in rival vegetable oils on the... Published 29 Jul, 2024 11:05am
Stocks Japan’s Nikkei rebounds in broad-based buying after Wall Street comeback TOKYO: Japan’s Nikkei share average rebounded on Monday from a three-month low hit in the previous session, after... Published 29 Jul, 2024 11:03am
Forex China’s yuan retreats; focus on Politburo meeting, major central bank decisions SHANGHAI: China’s yuan eased against the dollar on Monday, after posting its best week since December last week, as... Published 29 Jul, 2024 10:54am
Commodities Iron ore dips on China steel sell-off, adverse weather SINGAPORE: Iron ore futures prices dipped on Monday, weighed down by concerns about a persistently weak steel market... Published 29 Jul, 2024 10:52am
Roche to fast-track weight loss drugs to compete with rivals, FT reports Swiss drugmaker Roche plans to accelerate the development of its anti-obesity drugs to challenge rivals like Eli... Published 29 Jul, 2024 10:51am
Energy South Korea’s POSCO seeks 6 LNG cargoes for 2025-2026 delivery, sources say SINGAPORE: South Korea’s POSCO International is seeking six cargoes of liquefied natural gas (LNG) on a... Published 29 Jul, 2024 10:49am
Bullion Rate Gold drifts higher on Fed rate-cut hopes, geopolitical risks Prices of safe-haven gold climbed on Monday on heightened geopolitical tensions in the Middle East and amid... Published 29 Jul, 2024 10:40am
Commodities Soybeans, corn fall as US rain forecast eases supply fears BEIJING: Chicago soybean and corn slipped on Monday, as forecast for rain in US crop belt alleviated concerns over... Published 29 Jul, 2024 10:38am
Energy Pakistan Oilfields announces discovery of oil & gas reserves in KP’s Kohat district Pakistan Oilfields Limited (POL), an oil and gas exploration company, has announced the discovery of hydrocarbon... Updated 29 Jul, 2024 06:41pm
Stocks Indian shares open at record highs; banks, energy lead BENGALURU: Indian shares opened at a record high on Monday, boosted by gains in banks after quarterly results of key... Published 29 Jul, 2024 10:36am
Mutual Funds Indian 10-year bond yield falls to over 2-yr low as US peers decline MUMBAI: Indian government bond yields fell on Monday tracking a decline in US Treasury yields, with the 10-year... Published 29 Jul, 2024 10:34am
Stocks Australian shares climb nearly 1% as miners, banks shine Australian shares climbed nearly 1% on Monday, led by miners following fresh stimulus from top metals consumer... Published 29 Jul, 2024 10:32am
Energy Asia’s LNG imports shift higher as Europe’s fades: Russell LAUNCESTON: Asia continues to draw liquefied natural gas (LNG) from Europe with imports in July rising to the most... Published 29 Jul, 2024 10:30am
Stocks China stocks flat ahead of Politburo meeting; Hong Kong tracks regional peers higher SHANGHAI: China stocks were largely flat on Monday, as investors awaited a key Politburo meeting later this week in... Published 29 Jul, 2024 10:28am
Forex Indian rupee to linger near all-time low, pressured by month-end dollar bids MUMBAI: The Indian rupee is expected to face some pressure on Monday, after falling to its all-time low last week,... Published 29 Jul, 2024 10:27am
Exchange Rupee falls marginally against US dollar Currency settles at 278.50 level against the greenback in inter-bank market Updated 29 Jul, 2024 09:03pm
Stocks Asia shares rebound, hoping for dovish outlooks in US and UK SYDNEY: Asian shares bounced on Monday into a week packed with earnings and a trio of central bank meetings that... Published 29 Jul, 2024 10:21am
Energy Oil prices stabilise after Golan Heights attack LONDON: Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in... Updated 29 Jul, 2024 05:38pm
Forex Yen rises as Middle East tension exposes fragile sentiment TOKYO: The yen strengthened on Monday, reversing earlier declines, as an escalation in Middle-East tensions rignited... Published 29 Jul, 2024 09:57am
Fed could open the door to a September rate cut this week WASHINGTON: The US Federal Reserve may signal this week that interest rate cuts are on the way — although it is... Published 29 Jul, 2024 06:37am
Millers again urge govt to allow export of surplus sugar LAHORE: Pakistan Sugar Mills Association (Punjab Zone) says that in a recent meeting of Sugar Advisory Board (SAB) ... Published 29 Jul, 2024 06:37am
IPP agreements main reason behind power challenges: PBF KARACHI: Pakistan Business Forum (PBF) stated that the power purchase agreements (PPAs) with Independent Electricity... Updated 29 Jul, 2024 09:30am
Industry HCSTSI says concerned at hike in gas prices HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry (HCSTSI),... Published 29 Jul, 2024 06:37am
Taxes Income tax refunds: Company says taxmen never demanded gratification ISLAMABAD: A company being assessed at Large Taxpayer Office (LTO) Lahore has informed the Federal Investigation... Published 29 Jul, 2024 06:37am
Thermal energy portfolio: CCP approves merger application ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy... Published 29 Jul, 2024 06:37am
Industry Call for taking action against illicit trade LAHORE: Without expanding the tax base and strict implementing a comprehensive track and trace system, the ... Published 29 Jul, 2024 06:37am
Industry SMEs in Sindh, Balochistan’s horticulture, livestock sectors: GRASP hosts insurance policies issuance ceremony KARACHI: European Union funded “Growth for Rural Advancement and Sustainable Progress” (GRASP) hosted insurance... Published 29 Jul, 2024 06:37am
MENA From AED27,000 of investment: Pakistani-owned Ravi Restaurant has come a long way KARACHI: In the heart of Dubai, a small restaurant owned by a Pakistani has been making waves in the culinary scene... Updated 29 Jul, 2024 09:42am
Money & Banking China’s yuan eases slightly as dollar stabilizes SHANGHAI: The yuan eased slightly against the US dollar on Friday, after having notched up its strongest close in ... Published 29 Jul, 2024 06:37am
Money & Banking Canadian dollar posts longest losing streak in six years TORONTO: The Canadian dollar weakened for an eighth straight day against its US counterpart on Friday as oil prices... Published 29 Jul, 2024 06:37am
Money & Banking Australia, NZ dollars set for biggest two-week drop SYDNEY: The Australian and New Zealand dollars were set for the biggest two-week drop in nearly two years as a bout... Published 29 Jul, 2024 06:37am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US