Money & Banking Dollar set for first monthly drop after US inflation readout NEW YORK: The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed US... Published 01 Jun, 2024 06:59am
Money & Banking Most Asian currencies subdued BENGALURU: Most Asian currencies moved in a narrow range on Friday but were set for monthly gains, while shares rose... Published 01 Jun, 2024 06:59am
Money & Banking EOGM held for sale/transfer of certain assets, liabilities of Ithmaar to GFH KARACHI: Faysal Bank Limited (FBL) on Friday said that an extraordinary general meeting (EOGM) of shareholders of... Published 01 Jun, 2024 06:59am
Money & Banking India’s foreign exchange reserves ease from record high India’s foreign exchange reserves snapped a three-week gaining streak and stood at $646.67 billion as of May 24,... Published 31 May, 2024 05:27pm
Money & Banking Dollar drifts lower after revised data NEW YORK: The dollar fell on Thursday after revised data showed that gross domestic product - the broadest measure ... Published 31 May, 2024 06:58am
Money & Banking Rupee halts 3-day losing streak on flows MUMBAI: The Indian rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows... Published 31 May, 2024 06:58am
Money & Banking Europe’s STOXX 600 dips as rate worries linger PARIS: European shares slipped for a third straight session on Thursday ahead of further economic data from the euro... Published 31 May, 2024 06:58am
Middle East Saudi central bank net foreign assets fall by almost $11bn in April The Saudi central bank’s net foreign assets fell by $10.66 billion in April from the previous month, the central... Published 30 May, 2024 08:33pm
Forex SBP-held foreign exchange reserves decrease $63mn, now stand at $9.09bn Total liquid foreign reserves held by the country stand at $14.31 billion Updated 30 May, 2024 10:28pm
Money & Banking Yen hits 4-week low, dollar steady NEW YORK: The dollar held firm on Wednesday, boosted by higher US yields ahead of key inflation data later in the... Published 30 May, 2024 06:19am
Money & Banking Yuan weakens to 6-month low SHANGHAI: China’s yuan dropped to the lowest level in more than six months against a resurgent US dollar on... Published 30 May, 2024 06:19am
Money & Banking Asian currencies: Indonesia rupiah hits weakest since early May BENGALURU: The Indonesian rupiah and the Philippine peso led declines among weak emerging Asian currencies on... Published 30 May, 2024 06:19am
Money & Banking China’s yuan edges lower SHANGHAI: China’s yuan slipped slightly on Tuesday as traders were wary ahead of key inflation data from major... Published 29 May, 2024 06:05am
Money & Banking Dollar slips ahead of inflation data NEW YORK: The dollar eased against most currencies on Tuesday ahead of key US and euro zone inflation data later ... Published 29 May, 2024 06:05am
Money & Banking Dollar firm ahead of global inflation data SINGAPORE/LONDON: The dollar held steady on Monday, but was set for its first monthly loss this year, as investors... Published 28 May, 2024 05:30am
Money & Banking Most Asian FX gain, interest rate outlook eyed BENGALURU: Most Asian currencies and stocks started the week on a positive note, with the South Korean won and the... Published 28 May, 2024 05:30am
Money & Banking Bank holiday: SBP to remain closed on Tuesday, May 28 The State Bank of Pakistan (SBP) on Monday said it will remain closed on Tuesday, May 28, following a government... Published 27 May, 2024 08:57pm
Money & Banking Australia, NZ dollars on defensive, markets run away from rate cuts SYDNEY: The Australian and New Zealand dollars were ending the week on the defensive on Friday as upbeat economic... Published 27 May, 2024 05:52am
Money & Banking Indian blue-chips post best week in nearly three months BENGALURU: Indian benchmarks ended flat on Friday, but logged their best week since early February, driven by gains... Published 27 May, 2024 05:52am
Money & Banking Canadian dollar gains against greenback TORONTO: The Canadian dollar strengthened against its US counterpart on Friday, clawing back much of its weekly... Published 27 May, 2024 05:52am
Money & Banking Most Latam FX set for weekly losses as Fed rate cut hopes ebb BRASILIA: Most Latin American currencies were set for weekly losses on Friday as crumbling expectations for Federal... Published 27 May, 2024 05:52am
Money & Banking Zindigi JS Bank, 5th Pillar Takaful sign MoU KARACHI: The Digital banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a... Published 26 May, 2024 02:56am
Money & Banking Dollar slips on profit taking NEW YORK: The dollar slipped broadly on Friday as traders booked profits after recent gains but the US currency... Published 25 May, 2024 06:33am
Money & Banking Yuan weakens on strong dollar SHANGHAI: China’s yuan weakened to a near one-month-low on Friday, pressured by dollar strength following strong ... Published 25 May, 2024 06:33am
Money & Banking Asian currencies retreat as US rate cut bets dwindle BENGALURU: Most emerging Asian currencies and equities retreated on Friday as investors reassessed the timing of US... Published 25 May, 2024 06:33am
Money & Banking India’s foreign exchange reserves hit record high at $648.70 billion MUMBAI: India’s foreign exchange reserves rose for a third consecutive week and hit a record high of $648.70 billion... Updated 24 May, 2024 07:38pm
Money & Banking NBP joins hands with TouchPoint to build strong partnership KARACHI: National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have... Published 24 May, 2024 06:25am
Companies HBL holds ‘Global Markets Outlook 2024’ seminars across Pakistan KARACHI: HBL, Pakistan’s leading Bank, held “Global Markets Outlook 2024” seminars in Karachi, Lahore, and... Updated 24 May, 2024 06:44am
Forex SBP-held foreign exchange reserves increase $22mn, now stand at $9.16bn Total liquid foreign reserves held by the country stand at $14.59 billion Updated 23 May, 2024 10:27pm
Money & Banking Dollar cuts loss vs euro NEW YORK: The dollar pared losses against the euro after data showed US business activity accelerated to the highest... Published 24 May, 2024 06:27am