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Striking Boeing workers aim to restore old retirement program

NEW YORK: Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts,...

Published 31 Oct, 2024 11:35am

Business & Finance

Asian currencies on track for weekly gains

BENGALURU: Currencies and stocks across most developing economies crept up on Friday amid hopes of imminent US...

Published 14 Sep, 2024 06:31am

Business & Finance

Fed under pressure to cut rates as market turmoil continues

WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates...

Published 07 Aug, 2024 05:37am

Business & Finance

UBS sues Bank of America for $200m over crisis-era mortgage costs

NEW YORK: UBS sued Bank of America for $200 million on Wednesday, saying the second-largest US bank refused to cover...

Published 01 Aug, 2024 06:06am

Markets

Treasuries slip, dollar firm as markets grapple with US politics

SYDNEY: US bond futures slipped and the dollar firmed on Monday as investors wagered the attack on US presidential...

Published 15 Jul, 2024 10:21am

Business & Finance

US retail sales beat expectations, boost Q1 growth estimates

WASHINGTON: US retail sales increased more than expected in March amid a surge in receipts at online retailers,...

Published 16 Apr, 2024 03:38am

Business & Finance

Bank of America cuts 20 staff in Asia

HONG KONG: Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge...

Published 24 Jan, 2024 05:07am

Business & Finance

Bank of America cuts 20 staff in Asia, China-focused bankers affected most

HONG KONG: Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge...

Published 23 Jan, 2024 06:39pm

Markets

Wall St slides as Treasury yields dent megacaps

NEW YORK: Wall Street’s main indexes dropped on Wednesday, as rising Treasury yields pressured megacaps after...

Published 18 Jan, 2024 05:54am

Markets

Wall Street slips as big banks slide

NEW YORK: Wall Street’s main indexes fell on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs...

Published 17 Jan, 2024 06:02am

Markets

Wall Street subdued as mixed bank earnings limit inflation data cheer

NEW YORK: Wall Street’s main indexes were subdued after giving up early gains on Friday, as a mixed bag of big ...

Published 13 Jan, 2024 05:38am

Markets

S&P 500, Nasdaq climb as fresh data boosts rate-cut bets again

NEW YORK: The benchmark S&P 500 and the Nasdaq rose on Friday after services sector data pointing to a weaker...

Published 06 Jan, 2024 05:17am

Technology

Payments app Zelle begins refunds for imposter scams after Washington pressure

Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection...

Published 13 Nov, 2023 11:02am

Markets

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push...

Published 13 Sep, 2023 05:05pm

Business & Finance

Investors optimistic on global growth but China real estate top worry: BofA survey

LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of...

Published 12 Sep, 2023 05:06pm

Business & Finance

Bank of America profit jumps on boost from interest income, investment banking

NEW YORK: Bank of America’s profit rose nearly 20% in the second quarter as it earned more from customers’ loan...

Published 24 Jul, 2023 06:11am

Markets

Wall St kicks off week higher as investors await more earnings

NEW YORK: The tech-heavy Nasdaq led Wall Street higher on Monday supported by megacap growth stocks including Apple...

Published 18 Jul, 2023 05:51am

Business & Finance

Bank of America to expand in four US states

NEW YORK: Bank of America Corp is adding consumer branches in four new US states, it said on Tuesday, bringing its...

Published 03 Jul, 2023 06:04am

Markets

BIS warns world economy at critical juncture in inflation fight

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

Published 25 Jun, 2023 05:50pm

Markets

Japanese investors plans to sue MUFG unit over Credit Suisse bonds

A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including...

Published 09 Jun, 2023 09:26am

Business & Finance

Bank of America profit rises as it cashes in on higher interest rates

Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while...

Published 18 Apr, 2023 04:29pm

Markets

Oman’s OQ seeks bookrunners for gas pipelines IPO

DUBAI: Oman’s OQ Gas Network, the pipelines business of the sultanate’s state oil giant OQ, has invited banks to...

Published 28 Mar, 2023 06:21am

Markets

First Republic shares fall as private placement report stirs fresh liquidity fears

Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a...

Published 20 Mar, 2023 03:36pm

Markets

JPMorgan, other big US banks flooded with new clients post SVB collapse

A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co and...

Published 14 Mar, 2023 02:13pm

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

Wall Street drops as investors fret about interest rates

US markets closed today for Presidents’ Day

Published 20 Feb, 2023 06:26am

Business & Finance

Bank of America plans job cuts in its investment bank

Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would add...

Published 16 Feb, 2023 09:40pm

Markets

NGOs denounce banks financing new oil and gas projects

PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ...

Published 18 Jan, 2023 06:47am

Markets

Wall Street Week Ahead: US bank stocks falter as recession worries take hold

NEW YORK: Shares of US banks are taking a beating in December, as worries over an expected recession and weakening...

Published 19 Dec, 2022 06:00am

Markets

Meta Platforms, banks pull Wall Street lower

NEW YORK: Wall Street’s main indexes fell on Tuesday, dragged down by shares of Meta Platforms and banks, while...

Published 07 Dec, 2022 07:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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