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China’s yuan hovers around 1-week low on loose liquidity conditions

SHANGHAI: China’s yuan hovered close to a one-week low against the dollar on Wednesday, pressured by signs of...

Published 27 Dec, 2023 11:04am

Markets

China’s yuan firms to over one-month high, buoyed by dovish US Fed comment

HONG KONG: China’s yuan firmed on Thursday as investors were relieved by more dovish comments from the US central...

Published 23 Mar, 2023 11:09am

Markets

Asian FX wobbles on recession fears, Thai baht firms on H2 growth outlook

Most Asian currencies weakened on Tuesday a day after grim data from the world’s two biggest economies reignited...

Published 16 Aug, 2022 10:40am

Markets

China’s yuan weakens as Pelosi visit to Taiwan heightens tensions

SHANGHAI: China’s yuan weakened slightly on Wednesday as tensions over a visit to Taiwan by US House of...

Published 03 Aug, 2022 10:02am

Markets

Singapore set for 2022 budget surplus as COVID-19 costs recede, tax hike looms

SINGAPORE: Singapore could return to a small budget surplus in 2022 as the economy recovers from the COVID-19...

Published 11 Feb, 2022 10:33am

Markets

Asian FX, shares steady as investors brace for Fed policy outcome

BENGALURU: Stocks and currencies in emerging Asian markets struggled to find direction on Wednesday ahead of the ...

Published 27 Jan, 2022 04:05am

Markets

Asian FX, shares steady as investors brace for Fed policy outcome

Stocks and currencies in emerging Asian markets struggled to find direction on Wednesday ahead of the US Federal...

Published 26 Jan, 2022 01:38pm

Markets

Gold edges up; US rate hike bets cap gains

Gold prices crawled up on Wednesday as US Treasury yields slightly eased, but held close to a seven-week trough on...

Published 29 Sep, 2021 11:50am

Markets

Asian stocks cling to gains as Fed taper worries ease

The yield on benchmark 10-year Treasury notes rose to 1.2684%

Published 24 Aug, 2021 11:36am

Business & Finance

Yuan eases, but set for best week in two months

SHANGHAI: China’s yuan eased against the dollar on Friday but looked set for its best weekly gain in two months...

Published 31 Jul, 2021 04:05am

Markets

Yuan bounces from 1-week low, investors eye stock risks

Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4734 per dollar, 29 pips firmer than the previous fix of 6.4763

Published 27 Jul, 2021 12:20pm

Markets

Yuan dips below key threshold on rising corporate dollar demand

By midday, the global dollar index rose to 90.153 from the previous close of 90.142, while the offshore yuan was trading at 6.3975 per dollar.

Published 07 Jun, 2021 11:24am

Markets

Yuan eases after flurry of official warnings, but bullish bets rise

However, a Reuters poll showed on Thursday that bullish bets on the yuan have hit a near six-month high.

Published 03 Jun, 2021 12:19pm

Markets

Yuan jumps to 3 year high, investors wary of PBOC pressure

The offshore yuan also followed its onshore counterpart's appreciation in morning trade to test the key 6.4 per dollar level. It jumped to a high of 6.4010 before trading at 6.406 per dollar as of midday.

Published 25 May, 2021 11:16am

Markets

Most Asian currencies flat after Fed message, more US data looms

Philippine stocks declined nearly a percent, giving away gains made in the previous session.

Published 15 Apr, 2021 01:20pm

Markets

Yuan edges up as investors catch up with dollar weakness after holiday

The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.

Published 06 Apr, 2021 09:54am

Markets

Asia's iron ore futures rise for third day on demand pickup, supply worries

However, Lee said any price upside for iron ore appears limited for now.

Published 25 Mar, 2021 01:07pm

Markets

Gold prices little changed in Asia

SINGAPORE: Gold prices were little changed in Asian trade on Tuesday as investors awaited comments on US economic...

Published 24 Mar, 2021 05:10am

Markets

Singapore bank OCBC signals recovery as credit costs ease

Speaking to reporters, Wong said: "It is too early for me to talk about how we are going to utilise our very strong capital but at the moment, we do not have any M&A plan under review."

Published 24 Feb, 2021 12:25pm

Markets

Dollar hits six-week low as focus turns to Powell

"The broad dollar retains a heavy tone, expect the dollar index to continue testing the 90.00 support," said OCBC Bank strategist Terence Wu.

Published 23 Feb, 2021 11:12am

Markets

Gold off 7-month low on dollar weakness, but yields weigh

Bitcoin hit a record high on Sunday, after scaling a market capitalisation of $1 trillion on Friday.

Published 22 Feb, 2021 12:32pm

Markets

Yuan eases on dollar demand, capital outflow concerns

A trader at a Chinese bank said the market was wary of the global reflation trade against the backdrop of rising long-term US Treasury yields, which could be a headwind for the yuan.

Published 22 Feb, 2021 12:11pm

Markets

Iron ore rises on easing China liquidity concerns, upbeat demand outlook

However, trading in spot and futures markets for iron ore and steel has thinned ahead of China's week-long Spring Festival holiday beginning on Thursday.

Published 09 Feb, 2021 11:52am

Markets

Yuan firms on tightening outlook, volume shrinks ahead of holiday

The benchmark one-year dollar/yuan swap points rose to 1,683 points on Monday morning, the loftiest level since Dec. 4, 2020.

Published 08 Feb, 2021 10:35am

Markets

Silver bounces back even as retail-frenzy takes a break

The buzz that started last Thursday saw silver dealers scramble to find supplies for retail buyers, and the amount of silver traded in the London market surged to 1.006 billion ounces on Monday.

Published 03 Feb, 2021 12:03pm

Markets

Iron ore hits near 2-month low on weak China pre-holiday demand

As iron ore demand dips, portside inventory in China rose for a third straight week to 126.20 million tonnes as of Jan. 29, SteelHome data showed.

Published 02 Feb, 2021 01:05pm

Markets

Gold rises

NEW YORK: Gold rose more than 1% on Wednesday on expectations that US President Joe Biden’s administration would...

Published 21 Jan, 2021 04:23am

Markets

Iron ore futures retreat as China steel margins weaken

Rebar on the Shanghai Futures Exchange fell 1.2% by 0307 GMT, while hot-rolled coil slumped 1.6%. Stainless steel outperformed with a gain of 0.9%.

Published 19 Jan, 2021 10:38am

Markets

Gold gains as stocks dip on Washington woes, slow vaccine rollouts

Higher bond yields increase the opportunity cost of holding the non-interest yielding gold.

Published 12 Jan, 2021 12:31pm

Business & Finance

OCBC's Wong to be first woman CEO of Singapore bank

Wong, 59, will become the first woman to head a Singapore bank and among the few to lead an Asian bank. The appointment is effective April 15.
Kevin Kwek, senior analyst at Sanford C. Bernstein, said that given Wong's China experience, he expects OCBC.

Published 08 Jan, 2021 07:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Cotton US¢/pound / Jan 23	67.06
Petrol/Litre / Jan 24	256.13

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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