Trends - US economic growth - Business Recorder

US economic growth

IMF slightly downgrades US economic forecast for 2024

WASHINGTON: The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, ...

Published 29 Jun, 2024 06:40am

Markets

Wall St loses over 1pc amid fading rate-cut hopes

NEW YORK: US stocks slumped on Thursday as most megacaps fell after Meta Platforms’ quarterly results, while...

Published 26 Apr, 2024 04:15am

World

US economic growth slows significantly in first quarter

WASHINGTON: The US economy cooled markedly in the first three months this year, expanding less than anticipated as...

Published 25 Apr, 2024 06:45pm

Business & Finance

Yellen says global economy remains resilient, lauds US as growth driver

SAO PAULO: Strong US economic growth has been a “key driver” of better than expected global growth, US Treasury...

Published 27 Feb, 2024 10:36am

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Markets

Oil prices up on strong economic growth

HOUSTON: Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday as...

Published 28 Jan, 2024 02:43am

Markets

Gold steadies ahead of key US data

Gold prices steadied on Monday as traders braced for fresh data on US economic growth and the Federal Reserve’s...

Published 22 Jan, 2024 09:38am

Business & Finance

Dollar on pace for first yearly loss since 2020

NEW YORK: The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies ...

Published 30 Dec, 2023 06:28am

Markets

Wall St rises after soft inflation data

NEW YORK: Wall Street’s main indexes gained on Friday after a key inflation reading came in softer than expected,...

Published 23 Dec, 2023 06:16am

Markets

European shares rise on earnings optimism

PARIS: European shares reversed early declines to gain on Tuesday as robust earnings from the region and the US...

Published 25 Oct, 2023 06:19am

Business & Finance

US growth, a puzzle to policymakers, could pose global risks

JACKSON HOLE: US economic growth, still racing at a potentially inflationary pace as other key parts of the world...

Published 27 Aug, 2023 10:16am

World

Yellen sees 'resilience' in US economy even as it cools

WASHINGTON: US economic growth and wage gains should "serve as a source of resilience" moving forward even if the...

Published 12 Aug, 2023 12:49am

Business & Finance

Moderate US economic growth expected in second quarter

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Published 27 Jul, 2023 10:23am

Markets

Oil eases on lacklustre Chinese import data

HOUSTON: Oil prices fell on Tuesday, retreating from strong gains in the previous two sessions, due to lackluster...

Published 10 May, 2023 06:03am

Markets

Gold set for monthly gain on economic woes, softer dollar

Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and a weaker dollar drove...

Published 28 Apr, 2023 09:21am

Business & Finance

US dollar gains after GDP, jobless claims data; rate hike bets intact

NEW YORK: The dollar rose on Thursday as weaker-than-expected US economic growth in the first quarter is not likely...

Published 28 Apr, 2023 06:08am

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Markets

Wall Street inches higher as Meta earnings offset GDP gloom

NEW YORK: Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and...

Published 29 Apr, 2022 05:43am

Markets

Strong earnings spur rally across European stocks

LONDON: European shares moved further off six-week lows hit last session as forecast-beating results from companies...

Published 29 Apr, 2022 05:43am

Business & Finance

Dollar hits 20-yr high as yen tumbles on dovish BoJ

NEW YORK: The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish...

Published 29 Apr, 2022 05:43am

World

US economy unexpectedly contracts in first quarter

WASHINGTON: US economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases...

Published 28 Apr, 2022 08:20pm

Markets

Wall Street Week Ahead: Investors turn to defensive stocks as economic concerns grow

NEW YORK: US stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation...

Published 18 Apr, 2022 06:51am

Business & Finance

US economic growth accelerates in Q4; corporate profits slow

WASHINGTON: The US economy grew robustly in the fourth quarter, the government confirmed on Wednesday, but momentum...

Published 31 Mar, 2022 07:58am

Markets

US MIDDAY: Gold spirals lower

NEW YORK: Gold prices slid over 1% to more than a two-week low on Thursday, as the dollar rallied after robust US...

Published 28 Jan, 2022 04:44am

Business & Finance

Omicron will pinch, not derail US economic growth: Yellen

WASHINGTON: The latest coronavirus variant will weigh on US economic growth in the months ahead but will not derail...

Published 19 Jan, 2022 03:41pm

World

Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears

NEW YORK: Goldman Sachs on Saturday cut its outlook for US economic growth to 3.8% for 2022, citing risks and...

Published 05 Dec, 2021 04:26am

Markets

Japan's 10-year bond yields track US Treasury peers higher

TOKYO: Japan's benchmark 10-year government bond yields rose on Friday, tracking US Treasury yields higher, while...

Published 01 Nov, 2021 05:18am

Business & Finance

OECD lowers global, US economic growth forecasts

PARIS: The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for...

Published 21 Sep, 2021 04:21pm

World

US retail sales unexpectedly rise in August; weekly jobless claims climb

Retail sales rebounded despite an ongoing global shortage of microchips, which is forcing automakers to cut production, leading to a scarcity of inventory at showrooms

Published 16 Sep, 2021 06:08pm

Business & Finance

Early trade: Dollar languishes, other safe haven currencies shine

NEW YORK/LONDON: The US dollar languished again on Tuesday, particularly against the Swiss franc and Japanese yen, ...

Published 04 Aug, 2021 04:14am

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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