Stocks Most Gulf markets in the red on weak oil Most stock markets in the Gulf ended lower on Wednesday, dragged down by weaker oil prices, while investors awaited... Published 11 Sep, 2024 07:20pm
USA Fed seen cutting policy rate by 25 bps next week US central bankers will likely start long-awaited interest-rate cuts next week with a quarter-of-a-percentage-point... Updated 11 Sep, 2024 07:13pm
Companies Adobe to launch generative AI video creation tool later this year Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year,... Published 11 Sep, 2024 06:37pm
Stocks Indian shares fall on profit booking ahead of US inflation data BENGALURU: Indian shares ended lower on Wednesday as investors booked profits across sectors, ahead of key U.S.... Published 11 Sep, 2024 06:32pm
Stocks Sri Lanka shares end flat, snap four-session losing run CSE All-Share index settled 0.03% up at 10,574.82 Published 11 Sep, 2024 06:29pm
Commodities Copper prices buoyed by US rate cut expectation, softer dollar LONDON: Copper prices firmed on Wednesday as investors factored in expectations of the first interest rate cut from... Published 11 Sep, 2024 06:27pm
Commodities Palm oil ends higher on rising inventories NEW DELHI: Malaysian palm oil futures ended marginally higher on Wednesday after industry data showed inventories in... Published 11 Sep, 2024 06:24pm
Stocks Ahead of monetary policy announcement, KSE-100 loses 635 points as market divided Key benchmark index settles near 78,650 level Updated 11 Sep, 2024 09:34pm
US consumer inflation eases more than expected in August WASHINGTON: US consumer inflation eased more than expected last month, according to government data published... Published 11 Sep, 2024 05:47pm
Stocks Major Gulf markets in red on weak oil, US data in focus Major Gulf stock markets fell in early trade on Wednesday, dragged by weaker oil prices, while investors awaited key... Published 11 Sep, 2024 03:23pm
Samsung Electronics plans global job cuts of up to 30% in some divisions, sources say SEOUL/NEW DELHI: Samsung Electronics , the world’s top maker of smartphones, TVs and memory chips, is cutting up to... Published 11 Sep, 2024 03:11pm
Forex Ugandan shilling stable as pending taxes offer support KAMPALA: The Ugandan shilling was stable on Wednesday, supported by muted demand for dollars as some players held... Published 11 Sep, 2024 02:55pm
Bullion Rate Gold prices in Pakistan hit record high of Rs264,000 per tola Gold prices in Pakistan registered back-to-back gains on Wednesday in line with their increase in the international... Published 11 Sep, 2024 02:20pm
Business & Economy Saudi Arabia committed to Pakistan’s economic growth, says KSA envoy Finance Division says ambassador has indicated that a Saudi business delegation could visit Pakistan in coming months to explore areas for joint ventures, collaborative investments Updated 11 Sep, 2024 08:44pm
UK economy stalls, dealing blow to new government LONDON: Britain’s economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour... Published 11 Sep, 2024 12:53pm
Stocks Stocks, dollar diverge before key US inflation data LONDON: Major stock markets and the dollar diverged Wednesday before US inflation data that could help indicate the... Updated 11 Sep, 2024 05:32pm
Companies Higher sales tax threatens government’s EV promotion efforts: EDB official An official from the Engineering Development Board (EDB) warned that raising the general sales tax (GST) on electric... Published 11 Sep, 2024 12:44pm
Money & Banking Visa aims for 10-fold rise in Pakistani use of digital payments KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the... Updated 11 Sep, 2024 10:43pm
Energy ADNOC to acquire Covestro for about $15.9bn, FT reports Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion... Published 11 Sep, 2024 12:32pm
Companies Fauji Fertilizer Company intends to acquire Agritech Limited Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, has expressed its intention to... Updated 11 Sep, 2024 09:34pm
Mutual Funds JGB yields fall as BOJ’s rate rise prospects ease amid yen’s strength TOKYO: Japanese government bond (JGB) yields fell on Wednesday, tracking US Treasury yields lower, as the prospects... Published 11 Sep, 2024 12:23pm
Companies Ford held talks with Indian state to restart production for exports, minister says BENGALURU: Ford Motor has held talks with India’s southern state of Tamil Nadu to explore producing vehicles for... Published 11 Sep, 2024 11:25am
Exchange Rupee gains marginally against US dollar Currency settles at 278.54 against the greenback in inter-bank market Updated 11 Sep, 2024 10:42pm
Bullion Rate Gold prices holds steady with US CPI data on radar Gold prices steadied on Wednesday, as investors keenly awaited the US inflation data for hints on the size of the... Published 11 Sep, 2024 10:46am
Stocks Stocks falter, dollar defensive after US presidential debate SINGAPORE: Asian markets wobbled and US stock futures slipped on Wednesday after Democratic Vice President Kamala... Published 11 Sep, 2024 10:44am
Forex Australia, NZ dollars wary as US inflation to impact easing outlook SYDNEY: The Australian and New Zealand dollars were on hold on Wednesday awaiting US inflation figures that could... Published 11 Sep, 2024 10:37am
Commodities Wheat rises for third session as lower production outlook in Russia supports SINGAPORE: Chicago wheat gained more ground on Wednesday, as expectations of lower output in Russia and tighter... Published 11 Sep, 2024 10:32am
Stocks Australian shares flat as miners counter losses in banks Australian shares struggled for momentum on Wednesday as gains in miners countered losses in financial and energy... Published 11 Sep, 2024 10:29am
Stocks Japan’s Nikkei dragged lower by stronger yen, energy stocks TOKYO: Japan’s Nikkei share average fell for a seventh straight session on Wednesday, as a stronger yen dragged down... Published 11 Sep, 2024 10:17am
Mutual Funds India bond yields likely to be steady ahead of US inflation data MUMBAI: Indian government bond yields are likely to hold steady in opening trade on Wednesday, as market... Published 11 Sep, 2024 10:15am
Forex Indian rupee to take support from dollar’s decline, likely inflows MUMBAI: The Indian rupee is likely to open slightly higher on Wednesday, helped by a decline in the dollar amid... Published 11 Sep, 2024 10:13am
Stocks Indian shares set to open flat ahead of US inflation data BENGALURU: Indian shares are likely to open flat on Wednesday, in sync with other Asian peers, ahead of key US... Published 11 Sep, 2024 10:12am
Forex Asian currencies strengthen, stocks slip after US presidential debate Asian currencies edged higher on Wednesday while most equities slipped, as investors assessed the US presidential... Published 11 Sep, 2024 10:10am
Stocks Energy stocks drag China stock markets lower but EV shares rise SINGAPORE: Chinese stock markets fell on Wednesday, with shares in energy companies leading losses as they tracked... Published 11 Sep, 2024 10:08am
Forex Yen hits eight-month high as focus shifts to US politics, BOJ rate hikes TOKYO: The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as US... Published 11 Sep, 2024 10:05am
Energy Oil recovers on worries about Hurricane Francine HOUSTON: Oil rebounded on worries about the impending impact of Hurricane Francine to crude oil production in the... Updated 11 Sep, 2024 09:42pm
IEEEP Fair: energy minister vows full support KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah has said that his department stands fully committed to... Updated 11 Sep, 2024 08:50am
Companies CCP recovers Rs27m in penalties from PSM, Reliance Paints ISLAMABAD: The Competition Commission of Pakistan (CCP) has successfully recovered Rs 27 million in penalties from... Published 11 Sep, 2024 06:31am
Aurangzeb says agriculture, IT key economic drivers ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that agriculture and... Published 11 Sep, 2024 06:31am
13th Ijarah Sukuk auction set for 16th: PSX KARACHI: Pakistan Stock Exchange has announced that the 13th auction for the GoP Ijarah Sukuk (GIS) is planned to be... Published 11 Sep, 2024 06:31am
Commodities Commodity Futures Market: SECP, CFTC hold training session ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the US Commodity Futures... Published 11 Sep, 2024 06:31am
‘Revenue drop is due to economic slowdown, less imports’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan and the President of Pakistan... Published 11 Sep, 2024 06:31am
Money & Banking Monetary Policy tomorrow KARACHI: The Monetary Policy Committee (MPC) of SBP will meet on Thursday, September 12, 2024 to decide about the... Published 11 Sep, 2024 06:31am
Money & Banking China’s yuan dips on firmer dollar HONG KONG: China’s yuan eased slightly against the firmer dollar on Tuesday, but losses were capped by... Published 11 Sep, 2024 06:31am
Money & Banking US dollar falls against major currencies NEW YORK: The dollar slid against major currencies on Tuesday, consolidating Monday’s gains ahead of key inflation... Published 11 Sep, 2024 06:31am
Money & Banking Philippine peso leads decline among weak Asian FX BENGALURU: Asian currencies were subdued on Tuesday, with the Philippine peso leading losses, as investors took a... Published 11 Sep, 2024 06:31am
Industry Various reforms in gemstone sector approved ISLAMABAD: In the meeting of the Prime Minister’s Steering Committee for Gemstones, important decisions have been... Published 11 Sep, 2024 06:31am
Industry APTMA says business leadership can turn country into an ‘economic power’ LAHORE: While stressing the unity of the business community, Patron-in-Chief Aptma Dr Gohar Ejaz has said that the... Published 11 Sep, 2024 06:31am
Industry Shandong CCI China’s delegation visits LCCI LAHORE: A high-level delegation from the Shandong Chamber of Commerce & Industry, China visited the Lahore... Published 11 Sep, 2024 06:31am
Industry Sohail Pasha elected PTEA chairman unopposed FAISALABAD: Pakistan Textile Exporters Association (PTEA) has elected unopposed Sohail Pasha as the Chairman of ... Published 11 Sep, 2024 06:31am
Companies Samsung faces rare employee backlash in India SRIPERUMBUDUR (India): Samsung Electronics’ production at a key plant in southern India was disrupted for a second... Published 11 Sep, 2024 06:31am
Industry Authorities directed to remove seven batches of drugs immediately ISLAMABAD: In a bid to purge drug market of spurious/falsified drug products the Drug Regulatory Authority of... Published 11 Sep, 2024 06:31am