Stocks S&P 500, Nasdaq edge up after payrolls revisions; Fed minutes in focus The S&P 500 and the Nasdaq inched up amid volatile trading on Wednesday, as investors assessed a downward... Published 21 Aug, 2024 08:34pm
Stocks Most stock markets in Gulf gain ahead of US job data, Fed minutes Most stock markets in the Gulf ended higher on Wednesday as investors awaited U.S. economic data and speeches from... Published 21 Aug, 2024 06:45pm
Stocks Bullish run at PSX, KSE-100 Index gains over 500 points Bullish sentiments dominated the Pakistan Stock Exchange (PSX) on Wednesday, driven by optimism surrounding the... Published 21 Aug, 2024 06:40pm
Stocks Sri Lankan shares drop for third straight session Sri Lankan shares inched lower for a third straight session on Wednesday, weighed by losses in consumer staples... Published 21 Aug, 2024 05:35pm
Currency Tether to launch stablecoin pegged to UAE’s dirham DUBAI: Cryptocurrency company Tether said on Wednesday it plans to provide a new stablecoin pegged to the United... Published 21 Aug, 2024 05:17pm
Stocks Indian shares log meagre gains led by consumer stocks; financials weigh BENGALURU: Indian shares ended Wednesday with small gains led by consumer stocks, while a drop in financials weighed... Published 21 Aug, 2024 05:09pm
Commodities Aluminium rally pauses on profit taking, technical resistance LONDON: Aluminium prices retreated on Wednesday as investors took profit from an eight-session rally to keep prices... Published 21 Aug, 2024 05:05pm
Commodities Palm oil climbs to two-week high on muted Indonesia supply outlook SINGAPORE: Malaysian palm oil futures rose to a two-week high on Wednesday, buoyed by prospects of weakening supply... Published 21 Aug, 2024 05:02pm
Companies Crescent Steel to supply additional coated pipes for K-IV project Crescent Steel and Allied Products Limited (CSAP) has reached an agreement with the joint venture of China Harbour... Published 21 Aug, 2024 05:02pm
Commerzbank opens Lithuania office in bid to boost Baltic connection BERLIN: Commerzbank will open a representative office in Lithuania from December this year designed to operate as a... Published 21 Aug, 2024 02:08pm
Mutual Funds Euro zone bonds rangebound as traders seek US rate outlook clues Euro zone bonds traded in a tight range on Wednesday, as investors awaited revisions to US payrolls data and the... Published 21 Aug, 2024 02:06pm
Stocks London’s FTSE 100 inches higher as investors await US data, Fed minutes London’s FTSE 100 inched higher on Wednesday, supported by miners, while traders sensed caution among global markets... Published 21 Aug, 2024 02:05pm
Companies Allied Bank’s profit jumps 25% in 2QCY24 Despite marginally lower net income, Allied Bank (ABL) posted a profit-after-tax of Rs12.47 billion in quarter ended... Published 21 Aug, 2024 02:04pm
Forex Russian rouble weakens against dollar and China’s yuan MOSCOW: The Russian rouble weakened slightly against the dollar and China’s yuan on Wednesday in a thin market. By... Published 21 Aug, 2024 02:04pm
Stocks Most Gulf markets gain ahead of US job data, Fed Most major stock markets in the Gulf rose in early trade on Wednesday as investors awaited US economic data and... Published 21 Aug, 2024 02:03pm
Stocks European stocks bounce as traders await Fed speech PARIS: European stock markets rebounded on Wednesday but Asia slipped as investors had little to go on before a... Updated 21 Aug, 2024 05:47pm
Mutual Funds JGB yields track US peers lower ahead of Powell speech TOKYO: Japanese government bond yields fell on Wednesday, tracking overnight declines in US Treasury yields as... Published 21 Aug, 2024 01:20pm
Forex South African rand softer ahead of local inflation print JOHANNESBURG: The South African rand was weaker in early trade on Wednesday, ahead of a local inflation print which... Published 21 Aug, 2024 01:18pm
Commodities Gold price hits fresh record high of Rs261,000 per tola in Pakistan Gold prices in Pakistan maintained their upward trajectory on Wednesday, reaching a fresh peak in line with the... Updated 21 Aug, 2024 01:02pm
Business & Economy Making good progress with IMF to secure Board approval during September, says Aurangzeb Pakistan had earlier expected Executive Board approval on $7bn Extended Fund Facility in August Updated 21 Aug, 2024 09:56pm
Companies Price deregulation: Pakistan’s pharma sector sales hit $3.3bn in FY24, 22% higher year-on-year Pakistan’s pharmaceutical industry achieved sales of Rs916 billion (USD 3.3 billion) in FY24, a 22% year-on-year... Updated 21 Aug, 2024 03:59pm
Currency Rupee slips lower against US dollar Currency settles at 278.52 against the greenback in inter-bank market Updated 21 Aug, 2024 09:51pm
India flags cricket rights concerns with Disney-Reliance $8.5bn merger NEW DELHI: India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance... Published 21 Aug, 2024 10:53am
Mutual Funds Drop in US yields pushes India 10-year bond yield to key 6.85% level MUMBAI: Indian government bond yields trended down on Wednesday, tracking a fall in US Treasury yields on rising... Published 21 Aug, 2024 10:37am
Stocks Japan’s Nikkei declines as stronger yen drags; investors eye US jobs TOKYO: Japan’s Nikkei share average declined in morning trade on Wednesday, as yen gains overnight weighed on... Published 21 Aug, 2024 10:36am
Bullion Rate Gold takes breather after record run as investors brace for Fed minutes Gold took a breather on Wednesday after hitting an all-time high in the previous session on US rate-cut optimism, as... Published 21 Aug, 2024 10:35am
Forex Australia, NZ dollars extend winning streak, US payrolls revisions eyed SYDNEY: The Australian and New Zealand dollars extended their winning streak on Wednesday as the global easing cycle... Published 21 Aug, 2024 10:33am
Forex Indian rupee caught between more dollar losses, importer hedging MUMBAI: The Indian rupee is expected to open little changed on Wednesday as the dollar struggled in the lead up to... Published 21 Aug, 2024 10:31am
Stocks Indian shares set to open little changed BENGALURU: Indian shares are set to open little changed on Wednesday, after logging gains for four sessions in a row... Published 21 Aug, 2024 10:30am
Stocks Australian shares snap multi-session rally as miners, banks weigh Australian shares retreated on Wednesday to snap an eight-session winning streak, dragged down by heavyweight miners... Published 21 Aug, 2024 10:25am
Commodities Soybeans, corn gain on signs of better demand BEIJING: Chicago soybean and corn futures ticked higher on Wednesday on signs of rising demand as traders monitored... Published 21 Aug, 2024 10:24am
Commodities Palm oil rebounds on stronger rival Dalian, Chicago contracts SINGAPORE: Malaysian palm oil futures recovered on Wednesday, underpinned by firmer rival Dalian and Chicago edible... Published 21 Aug, 2024 10:23am
Stocks Stocks lose steam as investors zoom in on US jobs, Fed SINGAPORE: Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond... Published 21 Aug, 2024 10:20am
Commodities London aluminium snaps seven-day rally as profit-taking weighs BEIJING: Aluminium prices in London pulled back on Wednesday, snapping a seven-day rally, after traders locked in... Published 21 Aug, 2024 10:18am
Forex Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole TOKYO: The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially... Published 21 Aug, 2024 09:47am
Energy Oil edges up after US crude stock draw, weak Chinese economy caps gains HOUSTON: Oil prices edged up on Wednesday after a larger than expected crude stock draw, which offset some concerns... Updated 21 Aug, 2024 09:41pm
Industry 9th Color & Chem Expo to start from 24th at Expo Centre LAHORE: Pakistan's leading and dedicated exhibition for dyes, chemicals, and allied sectors, the 9th Color & ... Published 21 Aug, 2024 07:58am
Industry White list of essential websites: WISPAP recommends establishment ISLAMABAD: The Wireless and Internet Service Providers Association of Pakistan (WISPAP) has recommended the... Published 21 Aug, 2024 06:43am
Energy KE set to double country’s solar capacity: Bloomberg KARACHI: Karachi’s main power utility K-Electric Limited plans to nearly double Pakistan’s solar capacity by... Published 21 Aug, 2024 06:43am
4G MiFi modem and WiFi modem: 11pc duty applicable on import ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has ruled that 11 percent... Updated 21 Aug, 2024 09:34am
Tariff differential: KE could be allowed to claim mark-up at KIBOR+3.5pc if… ISLAMABAD: The government is likely to allow KE to claim interest or mark-up at KIBOR + 3.5 percent per annum,... Updated 21 Aug, 2024 09:39am
UAE investment in various sectors discussed ISLAMABAD: A high-ranking UAE delegation on Tuesday discussed the Gulf country’s expected investment in Pakistan's... Published 21 Aug, 2024 06:42am
Companies Telenor Pakistan launches advanced eSIM technology ISLAMABAD: Telenor Pakistan announced the launch of its advanced eSIM technology, for its customers nationwide. ... Published 21 Aug, 2024 06:42am
‘Slow internet damages IT industry, online businesses badly’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of Pakistan... Published 21 Aug, 2024 06:42am
Industry Minister reaffirms commitment to revitalising gems, jewellery industry ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan reaffirmed the government’s commitment to revitalising... Published 21 Aug, 2024 06:42am
FPCCI, ICCD to organise Conference on AgriTech KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI, has apprised that the Federation of Pakistan Chambers of... Published 21 Aug, 2024 06:42am
21st Pharma Asia inaugurated KARACHI: The 21st edition of Pharma Asia, the leading pharmaceutical exhibition in the region, was inaugurated on... Published 21 Aug, 2024 06:42am
Govt ready to support startups, says Dar ISLAMABAD: The government is ready to support the country’s youth in startups as they are s the biggest asset of... Published 21 Aug, 2024 06:42am
Companies Mobilink Bank launches easy-to-use in-app inheritance calculator ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has launched an easy-to-use in-app... Published 21 Aug, 2024 06:42am
Companies Proposed phase-II merger between PTCL, Telenor under CCP study ISLAMABAD: The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase-II Merger analysis... Published 21 Aug, 2024 06:42am
Corporate compliance scheme: PCJCCI, SECP organise awareness session LAHORE: Pakistan China Joint Chamber of Commerce & Industry organized an awareness session on “Major Corporate... Published 21 Aug, 2024 06:42am
Industry BMP threatens to take ‘action’ if critical issues not resolved KARACHI: Businessmen Panel (BMP) has issued a strong call to action, demanding an urgent review of IPP contracts,... Published 21 Aug, 2024 06:42am
Money & Banking Dollar slumps ahead of payrolls revisions, Powell speech NEW YORK: The dollar fell to its lowest level since January on Tuesday as investors awaited revisions to US payrolls... Published 21 Aug, 2024 06:42am
Money & Banking Indian rupee worst Asia performer MUMBAI: The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied ... Published 21 Aug, 2024 06:42am
Industry Compensation to importer: Insurance company denies claim LAHORE: An insurance company has denied insurance claim after the policy holder was compensated by the shipping... Updated 21 Aug, 2024 08:00am
LCCI, UPTIB sign MoU to strengthen economic ties LAHORE: The Lahore Chamber of Commerce & Industry and the UK-Pakistan Trade & Investment Board (UPTIB) have... Updated 21 Aug, 2024 08:02am
Companies Bank Makramah partners with Avanza Solutions KARACHI: Bank Makramah Limited (BML) has entered into an agreement with Avanza Solutions to further strengthen their... Updated 21 Aug, 2024 08:14am