Pakistan Stock Exchange Wednesday witnessed a mixed trend due to investors'' cautious stance over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 46,359.91 points intra-day high and 45,149.49 points intr
Pakistan Stock Exchange Wednesday witnessed a mixed trend due to investors' cautious stance over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 46,359.91 points intra-day high and 45,149.49 points intra
Pakistan Stock Exchange Wednesday witnessed a mixed trend due to investors' cautious stance over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 46,359.91 points intra-day high and 45,149.49 points intra
The global economy is strengthening but the International Monetary Fund warned on Wednesday that leaders of the Group of 20 must take action to deal with risks that remain a threat to growth. Ahead of the G20 leaders summit this weekend in Hamburg, IMF Ma
The global economy is strengthening but the International Monetary Fund warned on Wednesday that leaders of the Group of 20 must take action to deal with risks that remain a threat to growth. Ahead of the G20 leaders summit this weekend in Hamburg, IMF Ma
The global economy is strengthening but the International Monetary Fund warned on Wednesday that leaders of the Group of 20 must take action to deal with risks that remain a threat to growth. Ahead of the G20 leaders summit this weekend in Hamburg, IMF Ma
Pakistan Wednesday underscored the need for mutual legal exchange mechanism with China through uniform commercial code to strengthen the China-Pakistan Economic Corridor (CPEC) infrastructure development in the region. Attorney General for Pakistan Ashtar
Pakistan Wednesday underscored the need for mutual legal exchange mechanism with China through uniform commercial code to strengthen the China-Pakistan Economic Corridor (CPEC) infrastructure development in the region. Attorney General for Pakistan Ashtar
Pakistan Wednesday underscored the need for mutual legal exchange mechanism with China through uniform commercial code to strengthen the China-Pakistan Economic Corridor (CPEC) infrastructure development in the region. Attorney General for Pakistan Ashtar
Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry Wednesday appeared before the joint investigation team (JIT) probing Panama Papers case. The chairman NAB reached the Federal Judicial Academy (FJA) at 4:00pm and the six members team head
Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry Wednesday appeared before the joint investigation team (JIT) probing Panama Papers case. The chairman NAB reached the Federal Judicial Academy (FJA) at 4:00pm and the six members team head
Maryam Nawaz Sharif, the daughter of Prime Minister Nawaz Sharif, appeared before joint investigation team (JIT) on Wednesday and warned opponents that they must stop "hatching conspiracies" against her father. Talking to reporters outside Federal Judicia
Maryam Nawaz Sharif, the daughter of Prime Minister Nawaz Sharif, appeared before joint investigation team (JIT) on Wednesday and warned opponents that they must stop "hatching conspiracies" against her father. Talking to reporters outside Federal Judicia
Four Arab states refrained on Wednesday from slapping further sanctions on Qatar but voiced disappointment at its "negative" response to their demands and said their boycott of the tiny Gulf nation would continue. Qatar earlier in the day accused Saudi Ar
Four Arab states refrained on Wednesday from slapping further sanctions on Qatar but voiced disappointment at its "negative" response to their demands and said their boycott of the tiny Gulf nation would continue. Qatar earlier in the day accused Saudi Ar
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,887. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 1.522 billion and the number of lots traded was 4,414. Major business was contributed by cur
Chicago Board of Trade soyabean futures rose on Monday in an abbreviated session, buoyed by on technical buying including short-covering and spillover strength from corn and wheat, traders said. CBOT August soyabeans settled up 23 cents at $9.70 per bushe
Euronext wheat futures were slightly firmer on Tuesday, with a holiday closure in the United States leaving European prices to consolidate after hitting a one-year high on Monday on fears of weather damage to US spring wheat. Traders were assessing harves
Floods have slowed corn harvesting in some parts of Argentina but the crop losses being reported in waterlogged fields have been made up for by higher-than expected yields countrywide, farmers and analysts said on Monday. With 51 percent of the 2016/17 cr
The Karachi Port handled 153,869 tonnes of cargo comprising 127,782 tonnes of import cargo and 26,087 tonnes of export cargo including 6,629 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Volume of business increased on the cotton market on Wednesday as the mills and spinners showed interest in renewed buying to cover their immediate needs, dealers said. The official spot rate was inert at Rs 6050, they said. In the ready session over 5000
Palm oil on the European vegetable oils market was mostly easier in slow trade on Tuesday, pressured by a slightly firmer dollar after Malaysian palm oil futures closed barely changed. Asking prices for palm oil were between unchanged and $5 a tonne lower
Corn futures on the Chicago Board of Trade closed higher on Monday in a shortened session ahead of the US July Fourth holiday, supported by fears of hot and dry weather expanding in the western Midwest later this month, traders said. CBOT September corn s
Officials in Vietnam's traffic-choked capital Hanoi vowed on Tuesday to banish motorbikes by 2030 to ease environment and congestion woes, a decision that swiftly divided a city where two-wheelers are the main means of transportation. Hanoi is famed for l
Thailand's top business group said on Tuesday it expects exports to grow 3.5-4.5 percent this year, faster than it had predicted earlier, but maintained its outlook for the economy which continues to face risks. The group had earlier forecast exports woul
Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis. Industrial production rose 0.8 percent in
EU member states can ban ride-hailing pioneer Uber without informing the European Commission because at heart it is an ordinary transport company under their jurisdiction, a top EU lawyer said Tuesday. San Francisco-based Uber insists it is a service, not
Taiwan's parliament on Wednesday approved an infrastructure stimulus plan aimed at bolstering domestic demand and rebalancing the island's economy away from its heavy reliance on exports. The plan, worth T $420 billion ($12.6 billion), was only half the s
China's central bank injected a net 99.5 billion yuan ($14.65 billion) into the financial system via short- and medium-term liquidity tools in June, up 95 percent from the previous month, to ease tight cash conditions at the end of the quarter. The People
India's state-run power utility plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator's assessment that thermal plants now under construction will be able to meet demand until 2027. In the
Europe's markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. The idea, they said, is to create a "more leve
Europe's markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. The idea, they said, is to create a "more leve
Airbus said Wednesday it had won a major order from China of 140 planes for $22.8 billion, during a visit by President Xi Jinping to Berlin. The European aircraft maker said it had sealed the agreement with China Aviation Supplies Holding Company (CAS), w
Chancellor Angela Merkel vowed Wednesday to make China's new "special envoys" feel welcome in Berlin, as she unveiled two eagerly awaited giant pandas at the German capital's zoo alongside Chinese President Xi Jinping. "I think that this event today is a
New orders for US-made goods fell more than expected in May, but orders for capital equipment were a bit stronger than previously reported, suggesting the manufacturing sector remained on a moderate growth path. Factory goods orders dropped 0.8 percent, t
Assets linked to Chinese tech giant LeEco have been frozen in a dispute with a creditor, a unit of the troubled company has confirmed, highlighting its perilous financial state. Chinese financial magazine Caixin first reported Monday that a Shanghai court
Assets linked to Chinese tech giant LeEco have been frozen in a dispute with a creditor, a unit of the troubled company has confirmed, highlighting its perilous financial state. Chinese financial magazine Caixin first reported Monday that a Shanghai court
The European Parliament overwhelmingly approved Wednesday a first-ever cooperation deal between the EU and Cuba, despite lingering concerns about human rights violations in the communist-ruled country. Lawmakers in the eastern French city of Strasbourg ap
The EU's competition authority on Wednesday approved the blockbuster takeover of Germany's Opel by France's Peugeot PSA that will create Europe's second-largest carmaker after Volkswagen. PSA - which also owns Citroen and DS - agreed in early March to pay
London-based GFG Alliance has bought Australia's Arrium, the miner and steelmaking giant said Wednesday, ending a tussle with a Korean consortium over the company after it went into voluntary administration last year. The cash-strapped firm, formerly know
Eurozone finance ministers delayed the latest bailout disbursement to Greece on Wednesday awaiting clarification on a legal case against European experts who had worked on the Greek privatisation programme. While officially approving the latest raft of re
The EU and Japan broadly agreed on a massive free trade deal Wednesday in a clear challenge to US President Donald Trump days before he takes his "America First" stance to a key summit. "We've reached political agreement at ministerial level on an EU-Japa
The Hotel de Crillon, one of the world's oldest luxury hotels which looks onto the square where Louis XVI lost his head, reopened Wednesday after a multi-million-euro makeover lasting four years.
US payment processing company Vantiv has agreed to take over British peer Worldpay, the pair said Wednesday, to create a global giant worth $27 billion. The deal was billed as a merger, with Worldpay shareholders owning 41 percent of the new group, whose
US payment processing company Vantiv has agreed to take over British peer Worldpay, the pair said Wednesday, to create a global giant worth $27 billion. The deal was billed as a merger, with Worldpay shareholders owning 41 percent of the new group, whose
The euro gained ground as a reserve currency in 2016 after years of decline, the European Central Bank said Wednesday, suggesting that receding political uncertainty in the eurozone could boost the trend. The euro's share of foreign currency reserves worl
Qatar's stock index edged up on Wednesday as foreign ministers of four Arab states prepared to meet to consider sanctions against Doha. A deadline for Qatar to comply with a list of demands made by the states expired overnight. Doha has submitted replies
Sri Lankan stocks fell to a near one-week closing low on Wednesday as investors booked profits in diversified and telecom shares while concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended 0.36 percent down
Tokyo stocks rebounded to end Wednesday higher, though nervous investors continue to keep close track of soaring tensions in Asia after North Korea tested its first rocket capable of striking the United States. Washington confirmed Tuesday that Pyongyang'
A fall in oil prices took a toll on energy stocks, capping gains on the S&P 500 and the Dow, while a rise in shares of chipmakers lifted the Nasdaq. Crude prices fell 3 percent, ending their longest bull-run in more than five years, hurt by rising Opec ex
Hong Kong shares rebounded on Wednesday following the previous session's slump, helped by consumer and financial stocks and as index heavyweight Tencent Holdings Ltd bounced from a seven-week low.
Most Southeast Asian stock markets ended higher on Wednesday with Singapore gaining more than one percent while investors awaited minutes of the US Federal Reserve's last meeting, moving past tensions over North Korea. Investors around the globe are await
Canada's main stock index fell on Tuesday to its lowest close in nearly seven months, as precious metal miners and technology shares led a retreat in lighter than usual trading volumes with US markets closed for Independence Day. The Toronto Stock Exchang
China's blue-chips snapped a three-day losing streak on Wednesday, helped by a wider quota for Hong Kong institutional investors and a cabinet paper promoting the use of commercial pension money in capital markets. The blue-chip CSI300 index rose 1.1 perc
European shares rose on Wednesday at the end of a volatile session with gains among consumer stocks, led by Adidas on optimism over its upcoming earnings. A renewed slide in oil prices kept a lid on the increase, with the pan-European STOXX 600 index endi
Australian shares fell on Wednesday with financials and healthcare stocks weighing on the benchmark, as a lack of major data kept activity muted and as investors awaited minutes of the Federal Reserve's last meeting due later in the day.
Indian shares ended higher on Wednesday, as Reliance Industries extended recent gains on the back of lower oil prices, while auto makers gained on hopes they would benefit from a unified goods and services tax. The benchmark BSE index closed up 0.12 perce
Britain's major share index climbed higher on Wednesday, bolstered by buoyant housebuilders after a strong trading update from Persimmon, as strength in consumer staples underpinned gains. The FTSE 100 ended up 0.1 percent, while mid-caps gained 0.8 perce
China's yuan strengthened against the dollar on Wednesday as greenback sales by major state-owned banks eclipsed corporate demand for it, though traders were wary of the outlook amid uncertainty over Beijing's policies on the local currency. The People's
The dollar slipped against the yen on Wednesday on concerns about rising tensions between the United States and North Korea while the Canadian dollar held firm after the nation's central bank chief backed an interest rate increase. The dollar shed 0.3 per
The dollar inched up on Wednesday against a basket of currencies as traders awaited the release of the Federal Reserve's minutes on its June policy meeting which may hold more clues on its plan to possibly reduce its balance sheet later this year. The yen
The dollar rose its highest levels in nearly two months against the Japanese yen on Wednesday as investors reduced bearish bets against the greenback before data this week sheds more light on the ongoing recovery in the US economy. A gradual rise in short
The Sri Lankan rupee ended steady on Wednesday as late dollar sales by exporters and banks offset importer demand for greenbacks, while expectations that imports would increase also weighed on the local currency, dealers said. The spot rupee was traded as
Emerging Asian currencies edged up on Wednesday as the dollar slipped against the yen on concerns about rising tensions between the United States and North Korea and investors trimmed greenback positions ahead of Federal Reserve minutes. North Korea said
The Canadian dollar hit its strongest level since September against its US counterpart on Tuesday as Bank of Canada Governor Stephen Poloz added more support to the view the central bank will raise interest rates as early as next week.
Sterling steadied close to a one-week low on Wednesday, as a survey of Britain's services businesses added to a string of weak-looking data that could deter the Bank of England from raising interest rates for the first time in 10 years. A number of centra
The Australian dollar huddled near one-week lows on Wednesday with bulls still upset the country's central bank had resisted pressure to turn hawkish on interest rates. The Australian dollar was at $0.7618, not far from a low of $0.7591 hit just after the
Russia's Daniil Medvedev stunned Wimbledon on Wednesday when he threw coins at the umpire's chair before apologising for the bizarre gesture which he insisted was not meant to imply the official was corrupt. The 21-year-old, who had shocked world number t
Defending champion Andy Murray stormed into the Wimbledon third round with a ruthless 6-3, 6-2, 6-2 demolition of Dustin Brown on Wednesday. Murray needed only 96 minutes to see off the dreadlocked German on Centre Court as he underlined his return to fit
New mum Victoria Azarenka continued her comeback bid for Wimbledon glory on Wednesday as Kei Nishikori and Johanna Konta ground out victories to reach the third round. Andy Murray, Rafael Nadal and Venus Williams were made to sweat it out waiting on a swe
India's anti-doping agency Wednesday revoked the suspension of veteran football goalkeeper Subrata Paul after the footballer proved he had taken a banned drug unintentionally. Paul, dubbed the "Indian Spiderman", was provisionally suspended after testing