Stocks London’s FTSE 100 falls over 1% amid global stock slump London stocks rounded the week off with heavy losses amid a global risk-off mood after a weak U.S. jobs report... Published 02 Aug, 2024 09:17pm
Stocks Nasdaq on pace to confirm correction after weak jobs report; Amazon, Intel sink The Nasdaq Composite was set to plunge into a correction on Friday, falling more than 10% from its July peak after... Published 02 Aug, 2024 07:47pm
Commodities Global LNG: Asia spot LNG prices above 7-month high on hot weather, Mideast tensions LONDON: Asian spot liquefied natural gas (LNG) prices rose this week to their highest level in over seven months as... Published 02 Aug, 2024 07:36pm
Stocks Bulls return to PSX as KSE-100 gains 486 points After some negative sessions, bulls returned to the Pakistan Stock Exchange (PSX) on Friday, as its benchmark... Published 02 Aug, 2024 06:25pm
Stocks UAE stocks fall as regional tensions, US economic worries weigh Stock markets in the United Arab Emirates ended lower on Friday, tracking their global peers, as tensions in the... Published 02 Aug, 2024 05:58pm
Commodities Asia gold: India premium drops as buying moderates; China demand lags Gold premiums in India fell this week, as a recovery in prices tempered a buying frenzy led by the government’s... Published 02 Aug, 2024 05:43pm
RDA inflows fall 11%, clock in at $200mn in June Inflows through the Roshan Digital Account (RDA) clocked in at $200 million in June, a decline of 11% compared to... Published 02 Aug, 2024 05:41pm
Forex India’s forex reserves come off record highs MUMBAI: India’s foreign exchange reserves halted a three-week gaining streak and stood at $667.39 billion as of July... Published 02 Aug, 2024 05:04pm
Stocks Indian shares end series of gains as US growth concerns spook global markets BENGALURU: Indian shares snapped a weeks-long winning streak on Friday, dragged by information technology and auto... Published 02 Aug, 2024 04:36pm
Stocks Sri Lanka shares edge higher led by utilities CSE All-Share index settled up 0.02% at 11,442.55 Published 02 Aug, 2024 04:34pm
Commodities Palm oil ends with second consecutive weekly drop JAKARTA: Malaysian palm oil futures closed higher on Friday tracking rival oils, although the ringgit’s persistent... Published 02 Aug, 2024 04:32pm
Commodities Copper bounces on potential US rate cuts LONDON: Copper prices edged higher on Friday, supported by growing expectations of U.S. interest rate cuts and... Published 02 Aug, 2024 04:29pm
Business & Economy Letter written to China for debt reprofiling: PM Shehbaz Prime Minister Shehbaz Sharif on Friday said that he has “written a letter” to the Chinese authorities for the... Published 02 Aug, 2024 04:25pm
Energy Attock Refinery CEO calls for phased deregulation in petroleum prices Adil Khattak, Chief Executive Officer (CEO) of Attock Refinery Limited and Attock Gen Limited, has called for a... Published 02 Aug, 2024 04:06pm
Volvo Cars’ July sales rise 6% driven by European EVs COPENHAGEN: Volvo Cars’ sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric... Published 02 Aug, 2024 01:50pm
Forex Rouble strengthens as Russia says oil price comfortable MOSCOW: The Russian rouble edged up against the dollar on Friday following Russia’s statement that current prices of... Published 02 Aug, 2024 01:48pm
Stocks London’s FTSE 100 falls amid broader declines as investors cautious ahead of US data London stocks inched lower on Friday amid broader declines as investors were cautious ahead of a crucial jobs report... Published 02 Aug, 2024 01:45pm
Commodities India’s July palm oil, soyoil imports surge on lower prices, dealers say MUMBAI: India’s palm and soybean oil imports surged to their highest levels in about a year in July, as refiners... Published 02 Aug, 2024 01:42pm
Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and restore debt... Published 02 Aug, 2024 01:32pm
Forex Kenyan shilling slips on manufacturing FX demand; S&P review in focus NAIROBI: Kenya’s shilling slipped on Friday due to dollar demand from the manufacturing sector, traders said, adding... Published 02 Aug, 2024 01:29pm
Nintendo first-quarter net profit down 55%, forecast unchanged TOKYO: Nintendo’s first quarter net profit plunged 55 percent on-year to 80.95 billion yen ($543 million), the... Published 02 Aug, 2024 01:26pm
Bullion Rate Gold prices in Pakistan hit record high of Rs257,300 per tola Gold prices in Pakistan continues to register gains on Friday in line with the increase in the international rate.... Updated 02 Aug, 2024 02:49pm
Stocks European stock markets sink at open LONDON: Europe’s main stock markets sank at the open on Friday after sharp losses elsewhere, as fears grew over a... Published 02 Aug, 2024 12:38pm
Forex South African rand gains on domestic economy while dollar dips JOHANNESBURG: The South African rand was stronger in early trade on Friday, helped by signs of improvement in the... Published 02 Aug, 2024 12:32pm
Commodities French soft wheat in good/excellent condition at 50% as of July 29 Ratings showed 50% of French soft wheat in good or excellent condition by July 29, stable versus the previous week... Published 02 Aug, 2024 12:30pm
Commodities Soybeans, corn head for weekly losses on hopes for strong US supply CANBERRA: Chicago corn and soybean futures hovered near four-year lows on Friday and looked set to post weekly... Published 02 Aug, 2024 11:29am
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend... Published 02 Aug, 2024 11:23am
Stocks Stocks stumble on growth fears with US jobs data eyed SINGAPORE: Asian shares and US Treasury yields slid while the Swiss franc and Japanese yen rose on safety bids on... Published 02 Aug, 2024 11:18am
Mutual Funds JGB yields drop to six-week lows as weak US data weighs SINGAPORE: Japanese government bond yields fell on Friday to their lowest in six weeks, tracking declines in US... Published 02 Aug, 2024 11:15am
Commodities Palm oil gains after two-day slide, but set for weekly loss JAKARTA: Malaysian palm oil futures rose on Friday after two sessions of falls, but were on track for their second... Published 02 Aug, 2024 10:53am
Forex Australia, NZ dollars grapple with risk aversion as US growth fears weigh SYDNEY: The Australian dollar was pinned near three-month lows on Friday as weak US data fuelled fears of a sharp... Published 02 Aug, 2024 10:43am
Forex China’s yuan strengthens, looks set for second weekly gain SHANGHAI: China’s yuan strengthened against the US dollar on Friday and looked set for a second consecutive week of... Published 02 Aug, 2024 10:38am
Currency Rupee strengthens against US dollar Currency settles at 278.50 against the US dollar in inter-bank market Updated 02 Aug, 2024 06:29pm
Forex South Korean won leads laggards in Asian FX; most shares in red South Korea’s won declined the most among subdued emerging Asian currencies on Friday, while most regional share... Published 02 Aug, 2024 10:20am
Bullion Rate Gold prices set for weekly gain with US payrolls data on tap Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and... Published 02 Aug, 2024 10:17am
Stocks Japan’s Nikkei drops 5% after Wall Street sell-off TOKYO: Japan’s Nikkei share average tumbled 5% on Friday to hit a six-month low after Wall Street slumped overnight... Published 02 Aug, 2024 10:15am
Stocks Indian shares open lower tracking sell-off in global peers BENGALURU: Indian shares opened lower on Friday, tracking a sell-off in global peers, after weaker-than-expected US... Published 02 Aug, 2024 10:13am
Stocks Australian shares fall 2% as US data spurs global sell-off Australian shares slumped 2% on Friday after scaling record highs in the last two straight sessions, in tandem with... Published 02 Aug, 2024 10:11am
Forex Indian rupee to hover near record low, central bank counted on to support MUMBAI: The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop... Published 02 Aug, 2024 10:09am
Mutual Funds India 10-year bond yield holds 6.90% level before debt sale MUMBAI: Indian government bond yields dipped in early session on Friday, tracking US peers, but the decline in... Published 02 Aug, 2024 10:07am
Forex Yen, Swiss franc near highs amid US slowdown fears; sterling swoons TOKYO: The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after... Published 02 Aug, 2024 10:05am
Energy Oil down $2 as investors digest weak US job data Brent crude futures fall $2.61, or 3.28%, to $76.91 Updated 02 Aug, 2024 09:23pm
Money & Banking Dollar gains on geopolitical tensions NEW YORK: The dollar gained on Thursday as rising geopolitical tensions provided a safe haven boost to the currency,... Published 02 Aug, 2024 08:19am
Money & Banking Asian currencies: Malaysian ringgit hits one-year high BENGALURU: Mala ysia’s ringgit was on a tear on Thursday among emerging Asian currencies, while share markets ... Published 02 Aug, 2024 08:19am
Companies Moderna cuts 2024 sales forecast NEW YORK: Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by... Published 02 Aug, 2024 08:19am
Money & Banking Bank Alfalah earns Rs20.609bn PAT in first half of 2024 KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on Wednesday, approved the... Published 02 Aug, 2024 08:16am
Industry Training session on E-CO held FAISALABAD: Issuance of Electronic Certificate of Origin (E-CO) is an important and appreciable attempt of TDAP and... Published 02 Aug, 2024 08:07am
Money & Banking BoE cuts rates from 16-year high LONDON: The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by its ... Published 02 Aug, 2024 06:40am
Global factories struggled in July as demand waned, PMIs show WASHINGTON/ LONDON: Manufacturers across the United States, Europe and Asia turned in a weak performance last month... Published 02 Aug, 2024 05:56am
July trade deficit surges 19.7pc to $1.95bn YoY ISLAMABAD: Pakistan’s trade deficit in July 2024 has increased by 19.7 percent year on year (YoY) to $1.95 billion... Updated 02 Aug, 2024 09:54am
World Bank offers roadmap to avoid ‘middle-income trap’ WASHINGTON: More than 100 countries, including China, are at risk of entering a “middle-income trap” and failing... Published 02 Aug, 2024 05:55am
High capacity payments jeopardised economy: APTMA KARACHI: All Pakistan Textile Mills Association (Aptma) has held IPPs responsible for higher electricity tariff in... Published 02 Aug, 2024 05:55am
Bank financing: Risk coverage scheme for SMEs approved KARACHI: in order to extend more financing to the SME sector, the federal government, on the recommendation of the... Published 02 Aug, 2024 05:55am
Interest worth SDR 2.815bn paid to IMF since 1984 ISLAMABAD: Pakistan has paid interest amounting SDR 2.815 billion to International Monetary Fund (IMF) since 1984.... Updated 02 Aug, 2024 09:07am
CPI inflation clocks in at 11.1pc in July ISLAMABAD: The Consumer Price Index-based inflation increased to 11.1 per cent on year-on-year basis in July 2024 as... Published 02 Aug, 2024 05:55am
HSD and petrol: FD allows PSO to make exchange rate adjustment ISLAMABAD: The Finance Division has allowed Pakistan State Oil (PSO) Rs1.72 per litre exchange rate adjustment on... Published 02 Aug, 2024 05:55am
Industry UBG welcomes cabinet’s historic visa policy reform KARACHI: United Business Group (UBG) has welcomed the federal cabinet's historic visa policy reforms, terming it a... Published 02 Aug, 2024 05:55am
Companies KE completes another significant milestone KARACHI: K-Electric (KE) completed another significant milestone in its ambitions to enhance its share of renewable... Published 02 Aug, 2024 05:55am
Companies IPO very much on the cards, says Jazz CEO Aamir Ibrahim KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in... Updated 02 Aug, 2024 04:53pm
TDAP sees over $1bn business in FOODAg-2024 KARACHI: Trade Development Authority of Pakistan (TDAP) is expecting business of over $1 billion in the 2nd edition... Published 02 Aug, 2024 05:55am
Industry PQEPC team meets Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb and Minister for Power Awais Ahmad Khan Leghari held a meeting with... Published 02 Aug, 2024 05:55am
Export of 40,000 tons of sugar to Tajikistan recommended ISLAMABAD: A joint meeting of the Cabinet Committee on Monitoring Sugar Export and Sugar Advisory Board (SAB),... Published 02 Aug, 2024 05:55am
Insurance pool: SECP to liaise with Centre and provinces ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to carry out technical engagements... Published 02 Aug, 2024 05:55am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US