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bloomberg

Walmart to Gulf Royals: world’s richest add $2trn to their wealth in 2024

The owners of US retail chain Walmart – The Walton family – topped Bloomberg’s annual ranking of the world’s...

Published 16 Dec, 2024 04:58pm

Markets

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Updated 18 Apr, 2024 10:42pm

Business & Finance

Adani Energy mulls borrowing up to $600m from banks: Bloomberg

BENGALURU: India’s Adani Energy Solutions is looking to borrow as much as $600 million to fund smart meter ...

Published 30 Mar, 2024 05:15am

Aurangzeb’s appointment a positive step: Bloomberg

ISLAMABAD: The appointment of Muhammad Aurangzeb as Pakistan’s finance minister is a positive step to steer the...

Updated 13 Mar, 2024 12:24pm

Business & Finance

Disney and India’s Reliance agree merger

NEW DELHI: India’s Reliance Industries has signed a “binding pact” for a merger deal with Walt Disney’s local unit,...

Published 26 Feb, 2024 12:19pm

Pakistan

Bloomberg survey says jailed ex-PM Imran Khan favoured most to run Pakistan’s economy

Twelve respondents, not named in the survey, were asked to rate four politicians from 1 to 5 on question of who is best to manage Pakistan's economy with 5 being the most positive

Updated 31 Jan, 2024 10:37pm

Business & Finance

Disney in talks with Adani, Sun TV to sell India assets

BENGALURU: Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as...

Published 06 Oct, 2023 05:02pm

Markets

Pakistan likely to avert default this year after last-minute IMF deal: Bloomberg

Dollar funds could rise up to $9.5 billion on account of inflows from the IMF and friendly nations, but a new programme will be needed, says report

Updated 01 Jul, 2023 07:26pm

Markets

Pakistan keen on paying for Russian crude with Chinese Yuan: report

Facing a growing energy crunch, Pakistan is keen to secure a long-term deal to buy Russian crude in Chinese...

Updated 10 May, 2023 05:40pm

Markets

Govt to address IMF concerns on petroleum subsidy scheme, says Musadik

Minister of State for Petroleum Musadik Malik on Tuesday said that the government remains committed to addressing...

Updated 09 May, 2023 05:12pm

Pakistan

Moody’s warns Pakistan could default without IMF bailout: report

Pakistan’s financing options beyond June are highly uncertain, says analyst with ratings agency

Updated 09 May, 2023 09:39pm

Pakistan

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

As stakeholders contest short-term power, Pakistan's long-term future is in jeopardy, says Pakistan Business Council

Updated 22 Mar, 2023 04:44pm

Business & Finance

Meta plans to cut thousands of jobs as soon as this week

Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News...

Updated 07 Mar, 2023 09:10pm

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

In Bloomberg interview, Imran says will back continued role of IMF if he wins election

Says will reappoint Shaukat Tarin as finance minister

Updated 25 Jan, 2023 04:55pm

Markets

Dalda Foods plans to raise as much as Rs4.6bn through IPO: report

At Rs4.6 billion, Dalda’s IPO would be Pakistan’s largest by a consumer staple company, according to the report

Updated 23 Jan, 2023 10:29pm

Pakistan may dodge default in next 6 months: Bloomberg

ISLAMABAD: Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated...

Updated 10 Jan, 2023 08:54am

Pakistan

Pakistan likely to dodge default in next 6 months, but troubles not over: Bloomberg

Report says investors are now worried about a big dollar debt repayment in April 2024, and pricing those bonds at a distressed level

Updated 09 Jan, 2023 06:39pm

Bloomberg has no interest in acquiring Dow Jones or Washington Post

NEW YORK: Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P....

Updated 26 Dec, 2022 10:27am

Business & Finance

Bloomberg eyes Dow Jones or Washington Post acquisition

NEW YORK: Michael Bloomberg has not reached out to Rupert Murdoch to discuss a possible acquisition of Dow Jones ...

Published 24 Dec, 2022 06:13am

Business & Finance

Alibaba co-founder Joseph Tsai to reduce stake in company

Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the...

Published 16 Dec, 2022 06:13pm

Business & Finance

Unilever mulls $3bn sale of some US ice cream brands

NEW YORK: British consumer goods giant Unilever is considering the sale of a portfolio of US ice cream brands such ...

Published 12 Dec, 2022 06:07am

Modi to skip annual summit with Putin

NEW DELHI: Indian Prime Minister Narendra Modi will not hold an annual in-person summit with Russian President...

Published 10 Dec, 2022 06:32am

World

No Modi-Putin summit this year after they met in September: Indian govt source

NEW DELHI: Indian Prime Minister Narendra Modi and Russian President Vladimir Putin will not hold an annual...

Published 09 Dec, 2022 07:53pm

Markets

Saudi oil minister says OPEC+ remains cautious on production

Saudi Arabia’s energy minister said OPEC+ will remain cautious on oil production, noting that members saw...

Published 11 Nov, 2022 09:30pm

Markets

Goldman Sachs sees Fed rates peaking at 5% in March

Goldman Sachs Group Inc’s economists said the US Federal Reserve could bump up interest rates to as high as 5% by...

Published 30 Oct, 2022 01:16pm

Business & Finance

Adobe nearing $15bn deal to buy online design firm Figma

Photoshop maker Adobe Inc is nearing a deal to buy online design startup Figma, Bloomberg News reported on Thursday,...

Published 15 Sep, 2022 05:47pm

Technology

Apple plans to cut iPhone 14 production lag between China, India: report

Apple Inc plans to start making the iPhone 14 in India about two months after its release out of China, in a move...

Published 23 Aug, 2022 02:04pm

Business & Finance

Credit Suisse top shareholder asks for investment bank overhaul

Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment...

Published 19 Aug, 2022 06:13pm

Business & Finance

Credit Suisse mulls cutting thousands of jobs globally, report says

Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday,...

Published 04 Aug, 2022 05:25pm

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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