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UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes

BEIJING: UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes...

Published 15 Apr, 2025 11:21am

Business & Finance

UBS reiterates share buyback intention despite looming capital rule changes, global uncertainty

LUCERNE: UBS Chairman Colm Kelleher reiterated the Swiss bank’s intention to repurchase shares to the tune of $3...

Published 10 Apr, 2025 01:52pm

Business & Finance

UBS completes merger of Credit Suisse service units in India

UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business...

Published 01 Apr, 2025 02:37pm

Business & Finance

Dollar on track for weekly loss

NEW YORK: The dollar was on track for a weekly loss on Friday as a delay in the introduction of trade tariffs...

Published 15 Feb, 2025 05:54am

Markets

Oil prices rally as US hits Russian oil with tougher sanctions

NEW YORK: Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply...

Published 12 Jan, 2025 02:44am

Markets

Gold hits four-week peak

NEW YORK: Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors...

Published 10 Jan, 2025 03:51am

Business & Finance

Billionaires’ wealth more than doubles in 10 years: UBS

ZURICH: Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion,...

Published 05 Dec, 2024 09:27pm

Markets

Gold prices slightly up on Fed rate optimism

NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ...

Published 04 Dec, 2024 03:14am

Business & Finance

UBS smashes forecasts with $1.4 billion Q3 net profit

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

Published 30 Oct, 2024 11:59am

Business & Finance

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

Published 25 Oct, 2024 07:29pm

Business & Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Published 30 Sep, 2024 12:07pm

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

Oil prices down

NEW YORK: Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid...

Published 30 Jul, 2024 03:10am

Markets

Gold prices firm

BENGALURU: Gold prices edged up on Monday as the dollar weakened in response to President Joe Biden’s decision to...

Published 23 Jul, 2024 08:29am

Business & Finance

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

Markets

Tech shares drive China stocks higher

SHANGHAI: China stocks closed higher on Tuesday, led by tech shares, as investors await the highly anticipated...

Published 10 Jul, 2024 03:14am

Business & Finance

Challenges await as UBS makes Credit Suisse merger official

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

Published 08 Jul, 2024 08:25am

Markets

Oil falls after jump in US inventories

NEW YORK: Oil prices fell slightly on Wednesday after US crude stocks posted their third unexpected weekly rise in...

Published 27 Jun, 2024 06:52am

Business & Finance

UBS sets aside $900mn for investors hit by Credit Suisse scandal

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

Published 17 Jun, 2024 05:16pm

Business & Finance

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

Published 11 Jun, 2024 12:30pm

Markets

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Markets

European stocks end lower as rate worries resurface

PARIS: European stocks ended lower on Friday and down for the week, as signs of persistent US price pressures and a...

Published 25 May, 2024 06:33am

Business & Finance

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

Markets

China stocks rise as sentiment improves

SHANGHAI: Mainland China stocks ended higher on Thursday and Hong Kong closed at a five-month high, as sentiment...

Published 26 Apr, 2024 04:15am

Markets

China stocks higher as investors gauge US rate outlook

SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by...

Published 25 Apr, 2024 03:05am

Markets

STOXX 600 falls on banks drag; tech contains losses on ASMI boost

PARIS: Europe’s benchmark stock index dropped on Wednesday as financials sagged on disappointing earnings from...

Published 25 Apr, 2024 03:05am

Markets

US crude futures climb back into positive territory

HOUSTON: US crude futures returned to positive territory on Monday after falling on easing fears of a wider Mideast...

Published 23 Apr, 2024 03:41am

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 17	142.33
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.33
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 17	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 17	64.68
Karachi Cotton PKR/37.32 KG / Apr 17	16,985
Gold 10 Grams PKR / Apr 17	300,068
Gold Spot USD/Ounce / Apr 17	3,326.85
Cotton US¢/pound / Apr 17	67.13
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.45 ▲ 1 (40.82%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.37 ▲ 1 (10.67%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
S.S.Oil / Apr 18 S.S.Oil Mills Limited(SSOM)	269.05 ▲ 24.46 (10%)
Pak Gulf Leasing / Apr 18 Pak-Gulf Leasing Company Limited(PGLC)	24.08 ▲ 2.19 (10%)
Indus Dyeing / Apr 18 Indus Dyeing & Manufacturing Co. Limited(IDYM)	129.98 ▲ 11.82 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.58 ▼ -0.49 (-45.79%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.80 ▼ -1.37 (-19.11%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.20 ▼ -8.62 (-17.3%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.90 ▼ -0.94 (-13.74%)
Tariq Corp.Pref. / Apr 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.40 ▼ -0.89 (-10.74%)
Crescent Fib. / Apr 18 Crescent Fibres Limited(CFL)	45.25 ▼ -5 (-9.95%)
Zephyr Textile / Apr 18 Zephyr Textiles Limited(ZTL)	11.26 ▼ -1.22 (-9.78%)
Idrees Tex. / Apr 18 Idrees Textile Mills Limited(IDRT)	17.20 ▼ -1.85 (-9.71%)
Suraj Cotton / Apr 18 Suraj Cotton Mills Limited(SURC)	119.01 ▼ -12.62 (-9.59%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.65 ▼ -1.32 (-9.45%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	38,207,702 ▲ 1.49
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	30,924,422 ▲ 0.19
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	22,825,989 ▲ 0.07
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	17,207,672 ▼ -0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	12,780,505 ▲ 0.93
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	11,578,802 ▲ 0
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	10,988,493 ▼ -0.53
Habib Bank / Apr 18 Habib Bank Limited(HBL)	9,338,304 ▼ -5.73
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	9,054,335 ▼ -0.49
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	8,925,360 ▼ -0.09

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