US consumer prices rise moderately; annual increase slows to below 3% WASHINGTON: U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for... Published 14 Aug, 2024 07:19pm
Stocks Wall St ticks up as July inflation report keeps rate cuts on the table Wall Street’s main indexes edged higher in choppy trading on Wednesday after data showed inflation was moderating as... Published 14 Aug, 2024 07:11pm
Forex Kenyan shilling flat as FX inflows for bond auction match demand NAIROBI: Kenya’s shilling was flat against the U.S. dollar on Wednesday, as foreign-currency inflows for a bond... Published 14 Aug, 2024 03:39pm
Commodities Copper gains on hopes for US rate cuts, Escondida strike LONDON: Copper prices climbed on Wednesday on optimism about the potential for U.S. interest rate cuts and after a... Published 14 Aug, 2024 03:31pm
Stocks Indian shares muted as profit-booking offsets IT gains BENGALURU: Indian shares closed little changed on Wednesday, as broad-based profit booking offset gains in... Published 14 Aug, 2024 03:28pm
Currency Russian rouble continues to weaken on Kursk escalation risks MOSCOW: The Russian rouble weakened against the dollar on Wednesday after touching a 10-month low and then... Published 14 Aug, 2024 01:57pm
Stocks Gulf markets rise amid global stock rally Stock markets in the Gulf tracked global shares to end higher on Wednesday, after the US producer price data pointed... Updated 14 Aug, 2024 07:15pm
Commodities Palm flat as firmer crude counters weaker rival oils, exports SINGAPORE: Malaysian palm oil futures traded within a narrow range on Wednesday after touching their lowest in more... Published 14 Aug, 2024 01:21pm
Stocks Asian shares rise, kiwi slumps as New Zealand cuts rates SYDNEY: Asian shares rose on Wednesday after soft U.S. producer prices data stirred hopes that consumer price... Published 14 Aug, 2024 01:16pm
Forex Sterling dips after tame inflation data Sterling dipped on Wednesday after a softer-than-expected reading on British consumer price inflation supported... Published 14 Aug, 2024 01:11pm
Commodities India’s July palm imports surge to near one-year high on festive demand MUMBAI: India’s palm oil and soyoil imports surged to their highest levels in about a year in July, as refiners... Published 14 Aug, 2024 01:00pm
Financial JGB yields fall as auction outcome supports sentiment TOKYO: Japanese government bond yields fell on Wednesday, tracking U.S. Treasury peers’ declines, while a... Published 14 Aug, 2024 12:56pm
Stocks European shares gain ahead of key US, euro zone data European shares opened higher on Wednesday, as investors awaited key data from the U.S. and the euro zone, while a... Published 14 Aug, 2024 12:52pm
Stocks London’s FTSE 100 rises as softer CPI boosts rate optimism London stocks advanced on Wednesday as consumer price inflation in the UK rose less than expected in July,... Published 14 Aug, 2024 12:47pm
Commodities Japan rubber futures down after 5-day rally on weaker physical prices, soft China data SINGAPORE: Japanese rubber futures inched lower on Wednesday after a five-session rally, as investors weighed weaker... Published 14 Aug, 2024 11:38am
Commodities Iron ore slips as bleak China credit data worsens demand woes BEIJING: Iron ore futures fell on Wednesday, as disappointing credit data from top consumer China worsened sour... Published 14 Aug, 2024 11:27am
Commodities Gold prices inch lower as US inflation data looms Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print... Published 14 Aug, 2024 11:21am
Stocks South Korean stocks close higher ahead of US inflation data KOSPI rose 23.00 points, or 0.88%, to 2,644.50 Updated 14 Aug, 2024 02:00pm
Currency Indian rupee rises, forward premiums jump on Fed rate cut bets MUMBAI: The Indian rupee rose on Wednesday tracking strength in most Asian currencies after a lower-than-expected... Published 14 Aug, 2024 11:00am
Stocks Australia shares boosted by corporate earnings, soft US data Australian shares ended higher on Wednesday, buoyed by better-than-expected corporate earnings from top firms such... Updated 14 Aug, 2024 12:52pm
Stocks Japan’s Nikkei ends higher; PM Kishida to step down, US inflation on tap TOKYO: Japan’s Nikkei share average rose on Wednesday as investors weighed news that Japan’s prime minister will... Updated 14 Aug, 2024 12:53pm
Stocks China stocks down to 6-month low after lending data tumbles SHANGHAI: China stocks slipped to their weakest levels in six months on Wednesday after data showed lending by the... Updated 14 Aug, 2024 01:55pm
Stocks Indian shares flat as profit booking offsets IT gains BENGALURU: Indian shares were little changed on Wednesday as broad-based profit booking offset gains in information... Published 14 Aug, 2024 10:50am
Energy Oil prices tick down after surprise rise in US crude stockpiles HOUSTON: Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a... Updated 14 Aug, 2024 08:13pm
Currency Dollar sags after benign US inflation data; kiwi skids on rate cut TOKYO: The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign... Published 14 Aug, 2024 10:45am
SECP roundtable on ‘Insured Pakistan through promoting Takaful’ KARACHI: The SECP organized a roundtable discussion to support its ‘Insured Pakistan 5-year strategic plan’ by... Published 14 Aug, 2024 06:40am
Industry Chamber-to-chamber linkages: ‘FPCCI to facilitate, investment, JVs with Rwanda’ KARACHI: Aman Paracha, Vice President FPCCI, has apprised that FPCCI has had fruitful discussions with Naeemu Ullah... Published 14 Aug, 2024 06:40am
Taxes Non-filers, tax evaders: Data sharing among key stakeholders under way: McKinsey ISLAMABAD: The global consulting firm, McKinsey & Company Tuesday informed that data sharing among key... Published 14 Aug, 2024 06:40am
Industry ‘Current power price harmful for production, business, exports’ KARACHI: The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan... Published 14 Aug, 2024 06:40am
CDWP approves six uplift projects worth Rs16bn ISLAMABAD: The Central Development Working Party (CDWP) approved six development projects at cost of Rs16 billion ... Published 14 Aug, 2024 06:40am
‘Privatisation of loss-making institutions to lessen burden on the national exchequer’ LAHORE: Federal Minister for Privatization, Board of Investment and Communication Abdul Aleem Khan said on Tuesday... Published 14 Aug, 2024 06:40am
Engineering community: Engr Ahsan vows to bring about positive changes LAHORE: Engr. Ahsan Anwar, Vice President of National Engineering Services Pakistan (NESPAK), has vowed to bring... Published 14 Aug, 2024 06:40am
Industry Local textile industry facing severe crisis: KCBF chief LAHORE: The textile industry in Pakistan is facing a severe crisis due to unfavourable weather conditions, decreased... Published 14 Aug, 2024 06:40am
MSCI announces results of Quarterly Index Review KARACHI: MSCI has announced results of its Quarterly Index Review (QIR) on Tuesday and all changes will be effective... Published 14 Aug, 2024 06:40am
Money & Banking Yen remains weak, dollar slips NEW YORK: The yen remained weak for a second straight day on Tuesday and the dollar softened against the rest of its... Published 14 Aug, 2024 06:40am
Money & Banking Asian currencies: Peso rises as rate-cut prospects fade BENGALURU: The Philippine peso was among the top Asian emerging currencies on Tuesday due to fading chances of an... Published 14 Aug, 2024 06:40am
Companies She Loves Tech launches Karachi round KARACHI: She Loves Tech, the world’s largest women-led startup competition, launched its Karachi round, organized... Published 14 Aug, 2024 06:40am
Companies CCP approves 100pc acquisition of Sadapay by PPR Holding A S ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100 percent... Published 14 Aug, 2024 06:40am