Trends - recession - Business Recorder

recession

Industrial slump leaves Germany on brink of recession

FRANKFURT: German output likely contracted again in the third quarter as an industrial slump drags on, official data...

Published 30 Oct, 2024 12:06pm

Business & Finance

German govt expects another recession in 2024

FRANKFURT, (Germany): The German government has slashed its forecast and now expects Europe’s largest economy to...

Published 07 Oct, 2024 06:48am

Opinion

Middle class is in deep recession

What good is a 3.2 percent GDP growth rate next year and inflation dropping below 10 percent in FY25 to someone...

Updated 15 Aug, 2024 06:52am

Business & Finance

Stocks sink with bond yield and dollar on recession fears

NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that...

Published 06 Aug, 2024 06:40am

World

Germany likely to fall into recession: central bank

FRANKFURT: German output is likely to shrink slightly in the first quarter, sending Europe’s top economy into...

Published 20 Feb, 2024 03:09am

Opinion

Unraveling the lipstick effect truth

Let’s get ourselves familiarized with the lipstick effect. It happens during the times of economic downturns and...

Updated 12 Feb, 2024 05:46pm

Business & Finance

Euro zone recession fears harden as surveys show grim start to Q4

LONDON: The downturn in euro zone business activity accelerated last month as demand in the dominant services...

Published 07 Nov, 2023 06:33am

Business & Finance

US economy defies recession fears with strong Q2 performance

WASHINGTON: The US economy grew faster than expected in the second quarter as a resilient labor market supported...

Published 31 Jul, 2023 06:43am

Business & Finance

S Africa skirts recession with surprise Q1 growth

JOHANNESBURG: South Africa’s economy grew slightly in the first three months of the year, confounding fears of a...

Published 12 Jun, 2023 06:26am

Business & Finance

Data lifts dollar, euro soft as Germany enters recession

NEW YORK: The dollar rose for a fourth straight session on Thursday against a basket of major peers to hit a fresh...

Published 26 May, 2023 06:48am

World

Recession, millions of jobs lost if US defaults: Treasury

WASHINGTON: President Joe Biden’s administration again warned Sunday of “catastrophic” consequences for the US...

Published 14 May, 2023 09:50pm

Business & Finance

Recession-wary investors pour $9.1bn into hedge funds in first quarter

BOSTON: Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on ...

Published 22 Apr, 2023 03:38am

Business & Finance

German economy expected to avoid recession: report

BERLIN: Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year,...

Published 17 Apr, 2023 06:41am

World

Europe to see 'sharp slowdown' but not recession: IMF official

WASHINGTON: Europe will see a "sharp slowdown" in economic growth this year, but most countries will avoid a...

Published 15 Apr, 2023 12:16am

World

IMF raises eurozone growth forecast, sees German recession

WASHINGTON: The IMF on Tuesday slightly raised its forecast for economic growth in the eurozone this year but it...

Published 11 Apr, 2023 06:32pm

Markets

European shares rise as banking gains offset US recession jitters

PARIS: European shares rose on Thursday, heading into a long Easter weekend break, as real estate and travel stocks...

Published 07 Apr, 2023 06:06am

Business & Finance

Banking stress brings US closer to recession: Fed’s Kashkari

WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ...

Published 27 Mar, 2023 06:15am

Opinion

Markets bracing for ‘no landing’ world economy scenario curb risk appetite

Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ...

Updated 23 Feb, 2023 06:21am

Business & Finance

US firms face more pain as likely ‘earnings recession’ looms

NEW YORK: US companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor...

Published 20 Feb, 2023 06:26am

BR Research

Oil holds firm ground

Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest...

Published 14 Feb, 2023 09:32am

World

EU lifts growth forecast as eurozone skirts recession

BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with...

Published 14 Feb, 2023 07:03am

World

Hopes grow that eurozone will dodge recession

BRUSSELS: Europe’s economy grew in January for the first time since June, a closely watched survey showed Tuesday,...

Published 24 Jan, 2023 05:54pm

World

Germany 'not going into a recession' in 2023: Scholz

BERLIN: Germany will avoid a painful recession this year, Chancellor Olaf Scholz said Tuesday, predicting that...

Published 17 Jan, 2023 10:20pm

Markets

'Temporary measure': Another Pakistani textile firm cuts production by up to 50%

Crescent Fibres Limited says it will restart production as soon as demand improves

Published 03 Jan, 2023 12:56pm

Business & Finance

Private debt markets face reality check as companies grapple with recession

LONDON: Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming...

Published 26 Dec, 2022 05:48am

Business & Finance

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest...

Published 03 Dec, 2022 11:21pm

Opinion

UK slips towards recession, heaping pressure on next PM to help

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,...

Published 21 Aug, 2022 05:16am

Markets

Wall St slips as hot inflation data rattles investors

NEW YORK: US stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal...

Published 14 Jul, 2022 05:00am

Markets

Dubai leads most Gulf bourses lower on recession fears

DUBAI: Most stock markets in the Gulf ended lower on Wednesday, with the Dubai index falling most, hit by concern...

Published 07 Jul, 2022 05:35am

Business & Finance

Sterling slumps to 2020 low vs dollar

LONDON: Sterling slumped against the dollar, hitting a new two-year low on Tuesday as markets focused on safe-haven...

Published 06 Jul, 2022 05:35am

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

Markets →

Budget 2024-25: income tax calculator for FY25

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