Money & Banking Bitcoin bursts past $94,000 for the first time SINGAPORE: Bitcoin rose to a fresh record high above $94,000 as a report that Donald Trump’s social media company... Published 21 Nov, 2024 05:51am
Money & Banking Dollar resumes climb after three-day fall NEW YORK: The US dollar rose on Wednesday, restarting its post-election rally after a three-session decline as... Published 21 Nov, 2024 05:51am
Money & Banking Asian currencies: Indonesian rupiah steady BENGALURU: Indonesian assets were steady on Wednesday after the country’s central bank stayed pat on monetary... Published 21 Nov, 2024 05:51am
Money & Banking Fed’s Cook: More cuts likely appropriate as disinflation expected to continue CHARLOTTESVILLE: U.S. inflation continues to ease, with wages and the job market cooling and excess price increases... Published 20 Nov, 2024 09:57pm
Money & Banking Yuan steadies at 3-1/2-month low SHANGHAI: China’s yuan managed to steady at a 3-1/2-month low against the dollar on Tuesday, as signs of tighter... Published 20 Nov, 2024 06:45am
Money & Banking Safe-haven currencies strengthen NEW YORK: Safe-haven currencies saw increased demand on Tuesday, with the US dollar, the Swiss franc and the yen... Published 20 Nov, 2024 06:45am
Money & Banking Asian currencies: Ringgit rises 0.3pc, Taiwan dollar gains BENGALURU: Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations ... Published 20 Nov, 2024 06:45am
Money & Banking Pakistan’s inflation likely to slow down further in November, signals room for another rate cut The slowing inflationary trend in Pakistan is likely to continue as the CPI-based figure is expected to fall below... Updated 19 Nov, 2024 06:16pm
Money & Banking Indian rupee holds ground against dollar MUMBAI: The Indian rupee ended nearly unchanged on Monday, supported by the central bank’s market intervention as... Published 19 Nov, 2024 06:34am
Money & Banking Dollar strengthens against yen NEW YORK: The dollar advanced against the yen on Monday to resume its recent upward trend after Japan’s top ... Published 19 Nov, 2024 06:34am
Money & Banking Pakistan’s REER index increases to 100.9 in October 2024 Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of... Updated 18 Nov, 2024 10:35pm
Money & Banking Strong dollar drag Russian rouble down MOSCOW: The Russian rouble was trading around its lowest level against the dollar in over a year on Friday, hovering... Published 18 Nov, 2024 02:54am
Money & Banking Sterling heads for worst weekly performance since Jan LONDON: The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic... Published 18 Nov, 2024 02:54am
Money & Banking Australia, NZ dollars trampled by greenback bulls SYDNEY: The Australian and New Zealand dollars nursed bruising losses for the week on Friday as their US counterpart... Published 18 Nov, 2024 02:54am
Money & Banking Yuan on course for seventh weekly drop SHANGHAI: China’s yuan slipped against the dollar on Friday and looked set for the seventh straight weekly drop,... Published 18 Nov, 2024 02:54am
Money & Banking BOP Exchange inaugurates its Tricon Centre branch in Lahore LAHORE: BOP Exchange inaugurated its Tricon Centre Branch in Lahore, marking a significant milestone in its mission... Published 18 Nov, 2024 02:54am
Money & Banking Dollar set for strong weekly rise NEW YORK: The US dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed... Published 16 Nov, 2024 06:04am
Money & Banking Indian financial markets closed MUBMAI: India’s currency, debt and equity markets will be closed on Friday, Nov. 15, for a public holiday. The... Published 16 Nov, 2024 06:04am
Money & Banking Asian currencies take a breather after volatile week BENGALURU: Asian currencies found some support on Friday after a volatile past few sessions, with the Singapore... Published 16 Nov, 2024 06:04am
Money & Banking BAFL operations in Bangladesh: central banks give green signal for due diligence facilitation The central banks of Pakistan and Bangladesh have granted in-principle approval to Bank Alfalah Limited (BAFL) to... Updated 15 Nov, 2024 04:42pm
Money & Banking BOJ may offer hints of next rate-hike timing in Ueda’s closely watched speech TOKYO: Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city... Published 15 Nov, 2024 09:48am
Money & Banking Samba Bank Limited: BAFL withdraws PAI to acquire SNB shareholding KARACHI: Bank Alfalah Limited (BAFL) has withdrawn its public announcement of intention (PAI) to acquire 84.51... Published 15 Nov, 2024 06:40am
Money & Banking China’s yuan falls to 3-month low SHANGHAI: China’s yuan fell to its lowest level against the US dollar in more than three months on Thursday, as... Published 15 Nov, 2024 06:58am
Money & Banking Asian currencies extend losses BENGALURU: Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on... Updated 15 Nov, 2024 07:06am
Money & Banking Dollar extends advance on Trump trade momentum NEW YORK: The US dollar extended its recent advance against major peers on Thursday, trading at a one-year high and... Published 15 Nov, 2024 07:05am
Money & Banking Bank Alfalah withdraws intention to acquire stake in Samba Bank as SNB halts divestment Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has withdrawn its public announcement of... Updated 14 Nov, 2024 10:59pm
Money & Banking Indian rupee ends nearly flat MUMBAI: The Indian rupee closed nearly unchanged on Wednesday, as dollar sales by state-run banks helped the ... Published 14 Nov, 2024 06:33am
Money & Banking Dollar advances near 7-month peak NEW YORK: The US dollar advanced near a seven-month high against major currencies on Wednesday after data showed US... Published 14 Nov, 2024 06:33am
Money & Banking Asian currencies: Malaysian ringgit at 3-month low BENGALURU: Malaysia’s ringgit was the major loser on Wednesday among broadly muted emerging Asian peers as its... Published 14 Nov, 2024 06:33am
Money & Banking Bitcoin rises above $90,000 on Trump euphoria DUBAI: Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on... Published 14 Nov, 2024 06:33am