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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 / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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