Stocks Wall St drifts higher with focus on Jackson Hole meet Wall Street’s main stock indexes extended their gains in choppy trading on Monday after clocking their best week of... Published 19 Aug, 2024 07:43pm
Stocks KSE-100 falls below 78,000 as investors hunt for triggers The KSE-100 fell below the 78,000-point mark on Monday as a positive start to the trading session made way for... Published 19 Aug, 2024 07:24pm
Stocks Gulf bourses end mixed on US rate-cut hopes, weak oil demand Stock markets in the Gulf ended mixed on Monday on rising expectations of a U.S. interest rate cut next month, and... Published 19 Aug, 2024 06:40pm
Stocks Indian shares flat as financials offset gains in energy, metals BENGALURU: Indian shares closed flat on Monday, as gains in energy and metals stocks, on a cut in windfall tax on... Published 19 Aug, 2024 04:52pm
Commodities China demand hopes, lower dollar lift copper prices LONDON: Copper prices scaled 2-1/2 week highs on Monday with buying spurred by signs of improving demand in top... Published 19 Aug, 2024 04:48pm
Commodities Palm oil rises on bargain-hunting JAKARTA: Malaysian palm oil futures recovered on Monday, paring some losses in the previous session on bargain... Published 19 Aug, 2024 04:45pm
Business & Economy Last two years worse in Pakistan’s economic history: Atif Mian Country stuck in ‘poverty trap’, needs ‘big policy change’, says noted economist Updated 19 Aug, 2024 04:40pm
Mutual Funds Euro zone yields edge down, markets cautious before economic data Euro zone government bond yields fell on Monday as investors braced for a week packed with economic data and a... Published 19 Aug, 2024 02:01pm
Forex South African rand dips ahead of inflation data this week JOHANNESBURG: The South African rand was slightly weaker in early trading on Monday, after gaining last week, ahead... Published 19 Aug, 2024 01:32pm
Money & Banking Pakistan’s REER index increases to 101.5 in July 2024 Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of... Updated 19 Aug, 2024 04:49pm
Stocks London’s FTSE 100 slips, but US rate-cut optimism limits losses London stocks kick-started the week on a lacklustre tone, weighed down by aerospace and defence shares, although... Published 19 Aug, 2024 01:28pm
Stocks Markets split as traders prepare for Powell speech PARIS: Stock markets diverged Monday following last week’s strong performance, as traders await a meeting of central... Updated 19 Aug, 2024 05:54pm
Companies Chakwal Spinning to set up data centre, cloud operations in Pakistan The management of Chakwal Spinning Mills Limited (CLOUD) has signed the term sheet for investment of Rs7.784 billion... Updated 19 Aug, 2024 04:37pm
Forex Russian rouble trade stabilises after turbulence MOSCOW: The Russian rouble weakened slightly against the dollar on Monday, stabilising after a roughly 9% fall that... Published 19 Aug, 2024 01:24pm
Commodities Ukraine 2024 soybean harvest forecast at a record 5.7mn T, says ASAP Agri KYIV: Ukraine is likely to harvest a record 5.7 million metric tons of soybeans in 2024 thanks to a larger than... Published 19 Aug, 2024 01:22pm
Energy Pakistan Oilfields announces significant hydrocarbon find in Khyber Pakhtunkhwa Pakistan Oilfields Limited (POL), an oil and gas exploration company, announced further testing results from the... Updated 19 Aug, 2024 04:35pm
Commodities Gold price per tola decreases Rs200 in Pakistan After hitting record highs in the previous session, gold prices in Pakistan declined on Monday in line with the drop... Published 19 Aug, 2024 12:54pm
Companies TMC aims to propel Pakistan’s digital transformation with SAP BTP Businesses in Pakistan can now unlock new potential and simplify operations with the SAP Business Technology... Updated 19 Aug, 2024 02:35pm
Business & Economy Pakistan’s current account posts deficit of $162mn in July 2024 Deficit lower on a monthly basis, but 'higher than expectations due to wider trade deficit reported by SBP' Updated 19 Aug, 2024 09:06pm
Australia’s Westpac at over 6-year high on profit beat, better cost control Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net... Published 19 Aug, 2024 11:14am
Stocks Australian shares subdued as tepid miners counter banks, gold boost Australian shares were largely flat on Monday, as downbeat performances in most sectors partially offset support... Published 19 Aug, 2024 11:12am
Commodities Copper climbs as US recession fears fade, China inventories decline BEIJING: Copper prices rose on Monday, as fears of a US recession faded following a batch of strong data last week... Published 19 Aug, 2024 11:04am
Mutual Funds India bond yields may ease tracking US peers; fresh cues eyed MUMBAI: Indian government bond yields may ease in opening trade on Monday, tracking US peers, amid lack of fresh... Published 19 Aug, 2024 10:54am
Forex Australian dollar at month high buoyed by risk appetite, kiwi firmer SYDNEY: The Australian dollar climbed to a one-month high on Monday, underpinned by buoyant risk appetite and... Published 19 Aug, 2024 10:52am
Exchange Rupee registers minor gain against US dollar Currency settles at 278.44 in inter-bank market on Monday Updated 19 Aug, 2024 06:56pm
Forex Indian rupee higher on rally in peers; Jackson Hole in focus this week MUMBAI: The Indian rupee is expected to open higher on Monday, boosted by a broad decline in the US dollar amid... Published 19 Aug, 2024 10:50am
Stocks Japan’s Nikkei trades lower after five straight sessions of gains TOKYO: Japan’s Nikkei share average inched down on Monday after its five-day winning streak, but the index recouped... Published 19 Aug, 2024 10:47am
Commodities Palm extends losses on stronger ringgit, weaker Dalian oils JAKARTA: Malaysian palm oil futures fell for a second session on Monday, as traders gauged weakness in Dalian... Published 19 Aug, 2024 10:44am
Bullion Rate Gold trades near historic $2,500 mark on Fed rate-cut optimism Gold prices eased on Monday and hovered around key $2,500 level, as traders locked in profits following bullion’s... Published 19 Aug, 2024 10:36am
Forex Yuan creeps higher as dollar wobbles ahead of Jackson Hole SINGAPORE: The yuan gained on Monday along with other Asian currencies as investors wagered that US rate cuts will... Published 19 Aug, 2024 10:33am
Commodities Dalian iron ore hits one-year low on weakening steel market SINGAPORE: Dalian iron ore futures prices slid to a one-year low on Monday, as a weakening steel market in top... Published 19 Aug, 2024 10:24am
Goldman Sachs lowers odds of US recession to 20% from 25% Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from... Published 19 Aug, 2024 10:22am
Stocks Asia shares underpinned, dollar undermined by dovish Fed wagers SYDNEY: Asian stocks edged up and the dollar slid on Monday after global equities enjoyed their best week in nine... Published 19 Aug, 2024 10:20am
Commodities China’s coal output rises as share of electricity slips: Russell LAUNCESTON: China’s production of coal is rising while its share of electricity generation is declining, a seeming... Published 19 Aug, 2024 10:12am
Stocks Indian shares rise led by energy stocks BENGALURU: Energy stocks lifted Indian shares higher on Monday after a cut in windfall tax on crude, while other... Published 19 Aug, 2024 10:07am
Mutual Funds JGB yields rise as investors continue to shake off US recession fears TOKYO: Japanese government bond (JGB) yields rose on Monday, as investors continued to unwind positions taken up in... Published 19 Aug, 2024 10:02am
Energy Oil price dip keeps Brent below $80 on China demand woes LONDON: Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China... Updated 19 Aug, 2024 03:09pm
Forex Dollar falls on bets for dovish Fed SINGAPORE: The US dollar declined broadly on Monday and slid against the yen in particular as investors bet on a... Published 19 Aug, 2024 09:57am
Companies Konnect by HBL crowns Valorant champions KARACHI: Konnect by HBL (Konnect), the Bank’s branchless banking platform, held its third AurKhelo tournament,... Published 19 Aug, 2024 03:20am
Money & Banking Billions in dollar and euro notes reach Russia despite sanctions LONDON: Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU... Published 19 Aug, 2024 03:20am
Money & Banking Russian rouble flat against dollar MOSCOW: The Russian rouble was flat against the dollar on Friday, stabilising after recovering in the last three ... Published 19 Aug, 2024 03:20am
Money & Banking Canadian dollar notches 2nd straight weekly gain TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as equity markets held on to recent... Published 19 Aug, 2024 03:20am
Money & Banking Sterling climbs to 3-week high LONDON: Sterling touched a three-week high on Friday as retail sales data added to signs of positive momentum in the... Published 19 Aug, 2024 03:20am
Money & Banking Indian rupee holds above record low MUMBAI: The Indian rupee lingered in a tight band before closing nearly flat on Friday as most of its Asian peers... Published 19 Aug, 2024 03:20am
Companies Auto insurance: Shaheen Insurance signs MoU with Habib Metropolitan Bank KARACHI: Shaheen Insurance Company Limited and Habib Metropolitan Bank have recently entered into a Memorandum of... Published 19 Aug, 2024 03:20am
Industry Relief to industrial units ‘Condition of MDI fixed charges should be removed’ FAISALABAD: Chairman All Pakistan Cotton Power Looms Association (Registered) Chaudhry Ijaz Ahmad Nagra said that... Published 19 Aug, 2024 03:20am
Prices of essential food items witness mixed trend PESHAWAR: Mixed trend in prices of essential food commodities was witnessed in the retail market, according to a... Published 19 Aug, 2024 03:20am
MENA Small-scale to eyeing international markets: Sadaf Khan’s Pakistani fashion brand flourishes in Dubai DUBAI: Sadaf M. Khan, the managing director and founder of Boulevard One, has successfully turned her vision of... Updated 19 Aug, 2024 01:11pm
Industry City’s trade bodies support Aug 28 strike call KARACHI: The city’s major trade bodies have announced participation in a nationwide shutter-down strike on August... Published 19 Aug, 2024 03:20am
Industry IBDP formally launched in Peshawar: KP-EZDMC PESHAWAR: The project of the Inclusive Business Development Park (IBDP) has been launched formally, announced Khyber... Published 19 Aug, 2024 03:20am