British shares traded higher on Wednesday, posting a fifth session of gains in a row as metal prices boosted miners and first-quarter earnings reports lifted the London stock market. The FTSE index ended the session up 0.3 percent at 7,543.20 points, its
Malaysian and Philippine shares fell 1 percent each and snapped three straight sessions of gains, while Thai stocks bounced back in late trade to close more than 0.5 percent higher. Sentiment in Malaysia was cautious ahead of the general elections on May
Sri Lankan shares ended at their lowest in over a week on Wednesday led by textile company Teejay Lanka due to a fall in the rupee and on higher global cotton prices, brokers said. The Colombo stock index ended down 0.23 percent at 6,518.64, its lowest si
European shares rose on Wednesday, boosted by some strong earnings updates and a rising tech sector after results from Apple exceeded weak expectations. Shares in AMS, which provides the facial recognition technology used in Apple's iPhones, jumped 7 perc
China stocks ended Wednesday roughly flat as investors returning from the Labour Day holiday braced for trade talks between US and Chinese officials amid worries about economic health. The blue-chip CSI300 index rose 0.2 percent, to 3,763.65, while the Sh
Australian shares advanced on Wednesday, driven by gains for industrials after Qantas Airways forecast a record annual profit. The S&P/ASX 200 index rose 0.6 percent or 35.0 points to 6,050.2 at the close of trade. The benchmark on Tuesday added 0.5 perce
India's NSE index ended marginally lower after volatile trading on Wednesday, while the BSE index was nearly flat, as IT stocks and public sector lenders weighed on sentiment but auto stocks rose, boosted by strong monthly sales. The benchmark BSE index c
US Treasury yields rose on Tuesday, with prices pressured ahead of a quarterly refunding announcement that is expected to show more supply as the government seeks to finance its massive tax cut program and increased fiscal spending plan. The US Treasury i
US Treasury yields rose on Tuesday, with prices pressured ahead of a quarterly refunding announcement that is expected to show more supply as the government seeks to finance its massive tax cut program and increased fiscal spending plan. The US Treasury i
Hong Kong stocks fell on Wednesday, as investors braced for trade talks between US and Chinese officials, and awaited the US Federal Reserve's upcoming policy statement. The Hang Seng index fell 0.3 percent to 30,723.88, while the China Enterprises Index
The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism. Mexican Economy Minis
US stocks edged lower on Wednesday, with declines in biotechnology and insurers negating Apple's gains after strong results, as investors await the Federal Reserve's policy announcement. The US central bank is expected to stand pat on interest rates and i
Dubai and Abu Dhabi stock exchanges both closed lower on Wednesday, as markets across the Gulf struggled for direction after recent gains, notably in Saudi Arabia. The move was in line with Asian equities, which also eased as investors awaited the US Fede
Saudi Arabia's stock exchange will ensure the weighting of national oil giant Saudi Aramco in its main stock index is not too large when the company lists its shares, the exchange's chief executive said on Wednesday. "We have technical ways to address thi
Tokyo stocks closed slightly lower on Wednesday as investors await the end of a policy meeting at the Federal Reserve and the release of key data. The benchmark Nikkei 225 index slipped 0.16 percent, or 35.25 points, to 22,472.78, while the broader Topix
The Australian and New Zealand dollars spiralled lower to multi-month lows on Wednesday, as the greenback trekked higher against most major currencies amid bets that interest rates will rise at a faster pace in the United States. In contrast, the central
Sterling gave up its earlier gains on Wednesday and fell back towards its lowest level since January as a stronger dollar and concerns about Brexit-related risks overshadowed data showing a rebound in construction activity in April. With the dollar rallyi
China's yuan eased to its weakest level in nearly 2-1/2 months against the US dollar on Wednesday after the central bank set a much lower official fixing, reflecting a further surge in the greenback. The dollar index, a gauge that measures the unit's stre
Asian currencies weakened on Wednesday as the dollar held firm near a four-month high on expectations that a strong US economy would lead to more rate hikes this year. Though market participants don't expect a Federal rate hike at the end of Wednesday's m
The Sri Lankan rupee hit a fresh low on Wednesday on importer demand for the US currency, dealers said, but recovered after the central bank intervened in the market. The local unit gained for the first time in seven sessions on Tuesday, after hitting a r
The US dollar surged into positive territory for 2018 on Tuesday and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher. The d
The US dollar held below 3-1/2-month highs on Wednesday as investors awaited the outcome of a Federal Reserve meeting for indications on the US central bank's future interest rate path. The Fed was viewed as unlikely to raise rates on Wednesday, but marke
The dollar consolidated gains on Wednesday after hitting a 3-1/2 month high in the previous session as investors waited for the outcome of a US Federal Reserve policy meeting at which policymakers may outline the future path for interest rates.
The dollar held near a four-month high against a basket of major currencies on Wednesday, buoyed by the outlook for a strong US economy and rising yields amid signs of a slowdown elsewhere, especially in Europe. The dollar's index ticked down 0.1 percent
Britain's Kyle Edmund knocked out Australian teenager Alex de Minaur with a 6-2, 7-5 win to reach the quarter-finals of the Estoril Open on Wednesday. De Minaur is based in Spain and clay is his favoured surface but he had few answers as Edmund advanced i
Disgraced David Warner still has a future in Australian cricket, the sport's chief executive James Sutherland says, handing the explosive opener a lifeline after a cheating scandal. Warner was identified as the mastermind behind the plan to use sandpaper
Thai boxer Wanheng Menayothin clinched his 50th straight victory on Wednesday, stopping a Panamanian challenger to hold onto his WBC minimumweight belt and tie the undefeated record of boxing great Floyd Mayweather Jr. The 32-year-old Thai nicknamed the "
Pakistan bowling coach Azhar Mahmood "wants more" from Mohammad Amir, a challenge he believes the paceman will rise to in upcoming Test matches against Ireland and England. Amir was the hottest property in world cricket after bursting on the scene as a te
Sri Lanka opener Dimuth Karunaratne has fractured a finger in practice, officials said Wednesday, and is in doubt for a West Indies tour starting this month. Sri Lanka's cricket board confirmed Karunaratne sustained the injury while batting in the nets on
West Indies all-rounder Carlos Brathwaite has signed to play for Kent in their opening four matches of the Vitality Blast Twenty20 competition, the county announced on Wednesday. The World T20 champion, who made his name hitting four successive sixes in t
Two Malaysian badminton players have been hit with career-ending bans of 20 and 15 years respectively after being found guilty of corruption and match-fixing, the sport's governing body said Wednesday. The Badminton World Federation (BWF) said former worl
Real Madrid are within touching distance of a third consecutive Champions League triumph after Karim Benzema scored twice to eliminate Bayern Munich on Tuesday and book their place in the final. Bayern, who trailed 2-1 following last week's opening leg in
Algeria's state energy firm Sonatrach said on Monday it boosted its gas output by 5 percent to 135 billion cubic metres in 2017, marking the first time the company has used a news conference to disclose production data. Sonatrach's CEO, appointed a year a
US natural gas speculators cut their net long positions for a fifth time in the past six weeks, betting prices will decline with output at record highs and heating demand falling with the coming of more spring-like weather. Speculators in four major New Y
Modest business was witnessed on the cotton market on Wednesday amid post-holiday session, dealers said. The official spot rate was up by Rs 100 to Rs 7500, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3100, they said. In the r
The Karachi Port handled 132,667 tonnes of cargo comprising 92,213 tonnes of import cargo and 40,454 tonnes of export cargo including 4,177 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year. Benchmark Australian ther
Caterpillars are eating into cocoa crops in coastal regions of Ivory Coast, threatening what so far has been a promising April-to-September mid-crop, farmers said on Monday. An agronomist who advises farmers in San Pedro region told Reuters about 200 hect
Chicago Board of Trade wheat futures rose more than 3 percent Tuesday on technical buying, including short-covering, and uncertainty about the size of the US winter wheat crop as an annual crop tour began scouting fields in top producer Kansas, traders sa
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,417. The traded value of Metals, Energy and COTS/FX was recorded at 4.966 billion and the number of lots traded was 10,002. Major business was contributed by gold amounti
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
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
The EU unveiled plans Wednesday for a bigger 1.279-trillion euro budget for the seven years after Brexit featuring a controversial move to cut funding for countries that fail to respect democratic standards. European Commission chief Jean-Claude Juncker s
The EU unveiled plans Wednesday for a bigger 1.279-trillion euro budget for the seven years after Brexit featuring a controversial move to cut funding for countries that fail to respect democratic standards. European Commission chief Jean-Claude Juncker s
The Lahore High Court on Tuesday directed Interior Minister Ahsan Iqbal to appear before the court on May 07 and explain his position about an 'anti-judiciary' speech responding to remarks of Chief Justice Pakistan about his involvement in appointment of
The Lahore High Court on Tuesday directed Interior Minister Ahsan Iqbal to appear before the court on May 07 and explain his position about an 'anti-judiciary' speech responding to remarks of Chief Justice Pakistan about his involvement in appointment of
Former Prime Minister Nawaz Sharif has been owning and possessing the Avenfield properties since 1993, the prosecution witness and investigation officer of National Accountability Bureau (NAB) told an Accountability Court on Wednesday.
Former Prime Minister Nawaz Sharif has been owning and possessing the Avenfield properties since 1993, the prosecution witness and investigation officer of National Accountability Bureau (NAB) told an Accountability Court on Wednesday.
Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Pakistan Stock Exchange witnessed declining trend due to selling in various sectors. BRIndex100 lost 34.93 points or 0.72 percent to close at 4,837.07 points on Wednesday. During the session the BRIndex100 touched an intraday high of 4,872.22 and an intra
Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
Leader of Opposition in the National Assembly Syed Khursheed Shah Wednesday termed the budget for fiscal year 2018-19 unconstitutional and announced to reject it. "We consider this budget totally unconstitutional and reject it," he said while opening deba
While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country''s tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He mad
While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country's tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He made
While presenting facts about the economy, Prime Minister Shahid Khaqan Abbasi has reportedly acknowledged that the country's tax revenue is not even enough to finance defence and debt servicing; well-informed sources told Business Recorder. He made
The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig
The economy has shown sharply divergent symptoms and indicators in 2017-18. According to the estimates by the Pakistan Bureau of Statistics, the GDP growth rate has been rising consistently since 2012-13 reaching a peak of 5.8% by 2017-18. This is the hig