The dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell provided an upbeat assessment on the US economy while downplaying the impact of current global trade policy discussions on the outlook for further monetary tightening.
The dollar rose to a three-week high on Wednesday, as demand increased after upbeat comments from US Federal Reserve Chairman Jerome Powell about the US economy. In congressional testimony on Tuesday, Powell said he believed the United States was on cours
The dollar rose towards a one-year high on Wednesday in the wake of bullish comments from US Federal Reserve Chairman Jerome Powell about the strength of the US economy. Though Powell did not alter future expectations of US monetary policy, traders saw hi
The dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the US economy and reinforced views that the Fed was on track to steadily hike interest ra
More than 1.6 million tourists visited Cyprus in the six months to June, the largest number ever for the first half of the year, the island's statistics office said Tuesday. Tourist arrivals in January-June rose 12.4 percent to 1.64 million from 1.46 mill
EasyJet expects full-year profit to be higher than expected as increased passenger numbers offsets disruption from striking air traffic controllers and bad weather, the British no-frills airline said on Wednesday. EasyJet and European rivals have been hit
Leading global paintmaker AkzoNobel Wednesday posted a sharp drop in second quarter profits, mainly blaming the fall on currency fluctuations. The news of a 10 percent cut in net income, down to 271 million euros ($315 million) in the second quarter of 20
Leading global paintmaker AkzoNobel Wednesday posted a sharp drop in second quarter profits, mainly blaming the fall on currency fluctuations. The news of a 10 percent cut in net income, down to 271 million euros ($315 million) in the second quarter of 20
Japan has amassed enough plutonium to make 6,000 atomic bombs as part of a programme to fuel its nuclear plants, but concern is growing that the stockpile is vulnerable to terrorists and natural disasters. Japan has long been the world's only non-nuclear-
The world airline body on Wednesday urged European governments to urgently fix the region's airspace bottlenecks, saying that delays had more than doubled during the first half of the year. The International Air Transport Association called on the Europea
Nigerian President Muhammadu Buhari ended a four-day visit to the Netherlands Wednesday, after voicing staunch backing for the International Criminal Court and giving oil giant Shell a nod for a new $5 billion investment deal. "The take away from the pres
Johnson & Johnson on Tuesday reported better-than-expected second quarter profit as sales of pharmaceuticals surged 20 percent despite a sharp decline in blockbuster arthritis drug Remicade, and its shares rose more than 4 percent.
Johnson & Johnson on Tuesday reported better-than-expected second quarter profit as sales of pharmaceuticals surged 20 percent despite a sharp decline in blockbuster arthritis drug Remicade, and its shares rose more than 4 percent.
Gabon has tried a new trick to flush out bogus employees on the government payroll, but at the cost of leaving genuine workers bemused at the bureaucratic maze they have to face. Fake jobs are a familiar problem in the west African state - employees are h
Pakistan captain Sarfraz Ahmed hailed "a great performance" after his team sealed a series win by strolling to a nine-wicket victory over Zimbabwe in the third one-day international on Wednesday. Seamer Faheem Ashraf was the pick of a bristling Pakistani
On the request of team management, the Pakistan Cricket Board (PCB) has allowed Haris Sohail to return home from Zimbabwe tour. Haris Sohail had made a request to Pakistan team management to return home from the ongoing tour of Zimbabwe to attend his daug
Welshman Geraint Thomas soared to victory in the 11th stage of the Tour de France on Wednesday to take the leader's yellow jersey. Thomas, of Team Sky, completed an impressive ride on the 108.5km stage from Albertville to the summit of La Rosiere by overt
A gigantic 186-run partnership between Joe Root and captain Eoin Morgan helped England cruise comfortably to an eight wicket victory over India on Tuesday that sealed a 2-1 one-day international series win. After restricting India to 256 for eight, both M
Indian cricket legend Sachin Tendulkar and English county Middlesex are joining forces to launch an academy to teach young girls and boys about the sport, they announced on Wednesday. The children aged between nine and 14 will be put through a comprehensi
Sri Lanka's sports minister called on the International Cricket Council to establish "simple, clear rules" Wednesday after skipper Dinesh Chandimal was punished for ball tampering. "Laws governing the offence / act of altering the condition of the ball ar
Committed to providing the ultimate gaming experience for everyone, Dell announced the launch of its new Dell G Series on Wednesday, in association with the Pakistan Rugby Union. Revitalizing the Dell's gaming portfolio this suite of PCs is designed and e
Asian Games venues will be ready before Indonesia hosts the showpiece event in a month, organisers say, but the threat of terror attacks and endless traffic jams still looms over the huge tournament. An army of labourers has been toiling around the clock
Construction work on Tehsil playgrounds in Mozza Cham area of Tehsil Barawal, Kalkot and Largum in Dir Upper has been started under the supervision of Deputy Commissioner Dir Upper. In this connection Deputy Commissioner (DC) Dir Upper Irfan Ullah Mehsud
Asia's naphtha prices for first-half September at $8 a tonne higher than the following month was at a two-session high on Tuesday as recent demand help kept the intermonth premiums firm. Front-month prices are usually higher than the following months when
US wheat futures rallied to one-week highs on Tuesday on technical buying and concerns about poor weather hurting harvests in Europe and the Black Sea region, traders said. Chicago Board of Trade September soft red winter wheat gained 9-1/4 cents to $4.97
No respite was seen in surge of the cotton rate on the local market on Wednesday in the process of modest trading activity, dealers said. The official spot rate was higher by Rs 100 to Rs 8900, they added. Prices of seed cotton in Sindh were at Rs 4000-44
The Karachi Port handled 159,341 tonnes of cargo comprising 124,311 tonnes of import cargo and 35,030 tonnes of export cargo including 6,166 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
China's construction steel rebar prices fell for a second day on Tuesday, pulled down in the wake of data that showed slowing growth in the Chinese economy and amid an intensifying trade spat with the United States. China's economy expanded at a slower pa
US soyabean futures closed firmer on Tuesday on lower-than-expected US crop ratings and hopes for increased export demand from China, after US soya shipments have declined over the trade war with Beijing, traders said. August soyabeans futures ended up 10
European wheat rose on Tuesday to its highest in more than a week, supported by a rally in Chicago and a lack of sellers amid uncertainty about the European harvest. December milling wheat, the most active position on Paris-based Euronext, unofficially cl
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,567. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.770 billion and the number of lots traded was 9,384.
Sugar stocks in India are likely to more than double by the end of the current marketing year as the world's biggest producer of the sweetener struggles to export a surplus, a leading trade body said on Tuesday. The rise will weigh on local prices, potent
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 hit Google with its biggest ever fine Wednesday, imposing a 4.34 billion euro ($5 billion) penalty on the US tech giant for illegally abusing the dominance of its operating system for mobile devices. Brussels accused Google of using the Android sys
The federal cabinet on Wednesday decided to hold open trial of former Prime Minister Nawaz Sharif in two references filed by National Accountability Bureau (NAB). Caretaker Minister for Information Syed Ali Zafar stated this during a press conference afte
The rupee continued slide versus the dollar on the money market on Wednesday in process of trading, dealers said. The rupee shed five paisas in relation to the dollar for buying Rs 128.45 while it did not show any change for selling at Rs 128.50, they add
The federal cabinet on Wednesday decided to hold open trial of former Prime Minister Nawaz Sharif in two references filed by National Accountability Bureau (NAB). Caretaker Minister for Information Syed Ali Zafar stated this during a press conference afte
The rupee continued slide versus the dollar on the money market on Wednesday in process of trading, dealers said. The rupee shed five paisas in relation to the dollar for buying Rs 128.45 while it did not show any change for selling at Rs 128.50, they add
The Accountability Court hearing corruption references against the Sharif family on Wednesday adjourned hearing of two references filed against former Prime Minister Nawaz Sharif till July 30. During the hearing, Sharif's counsel Khawaja Haris informed th
The Accountability Court hearing corruption references against the Sharif family on Wednesday adjourned hearing of two references filed against former Prime Minister Nawaz Sharif till July 30. During the hearing, Sharif's counsel Khawaja Haris informed th
National Electric Power Regulatory Authority (Nepra) has upheld its earlier decision, making mandatory for 19 power generation projects under China Pakistan Economic Corridor (CEPC) to pay one per cent of their capital cost as security cost as built-in co
National Electric Power Regulatory Authority (Nepra) has upheld its earlier decision, making mandatory for 19 power generation projects under China Pakistan Economic Corridor (CEPC) to pay one per cent of their capital cost as security cost as built-in co
National Electric Power Regulatory Authority (Nepra) has upheld its earlier decision, making mandatory for 19 power generation projects under China Pakistan Economic Corridor (CEPC) to pay one per cent of their capital cost as security cost as built-in co
The Central Power Purchasing Agency- Guaranteed (CPPA-G) has sought 71 paisas per unit increase in tariffs of power Distribution Companies (Discos) for June 2018 under monthly fuel price adjustment mechanism. The National Electric Power Regulatory Authori
The Ministry of Finance assures all applicants making declarations under the Tax Amnesty Scheme that the information provided by them shall remain strictly confidential and the guarantees provided under the scheme shall be abided in letter and spirit.
Pakistan Stock Exchange Wednesday turned bullish on the back of healthy buying in almost all sectors, mainly by local investors and institutions. BRIndex100 gained 117.98 points or 2.76 percent to close at 4,397.30 points. BRIndex100 touched intraday high
Pakistan Stock Exchange Wednesday turned bullish on the back of healthy buying in almost all sectors, mainly by local investors and institutions. BRIndex100 gained 117.98 points or 2.76 percent to close at 4,397.30 points. BRIndex100 touched intraday high
Pakistan Stock Exchange Wednesday turned bullish on the back of healthy buying in almost all sectors, mainly by local investors and institutions. BRIndex100 gained 117.98 points or 2.76 percent to close at 4,397.30 points. BRIndex100 touched intraday high
The US economy is "especially vulnerable" to damage from the burgeoning global trade war, which could shave hundreds of billions of dollars off global GDP, IMF chief Christine Lagarde said Wednesday. In remarks ahead of this weekend''s meeting of Group of
The US economy is "especially vulnerable" to damage from the burgeoning global trade war, which could shave hundreds of billions of dollars off global GDP, IMF chief Christine Lagarde said Wednesday. In remarks ahead of this weekend's meeting of Group of
The US economy is "especially vulnerable" to damage from the burgeoning global trade war, which could shave hundreds of billions of dollars off global GDP, IMF chief Christine Lagarde said Wednesday. In remarks ahead of this weekend's meeting of Group of