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اردو

Apr 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Latest News

All Markets Business & Finance World Pakistan

Markets

Euro zone bond yields hold steady after Monday’s rise

LONDON: Euro zone bond yields were little changed on Tuesday after rising at the start of the week on the back of...

Published 16 Apr, 2024 01:13pm

Life & Style

‘Rust’ armorer sentenced to 18 months in fatal shooting by Alec Baldwin

SANTA FE, New Mexico: Hannah Gutierrez, the chief weapons handler for the Western movie ‘Rust,’ was sentenced to 18...

Published 16 Apr, 2024 01:10pm

Technology

Tesla’s global job cuts hit China sales team, sources say

SHANGHAI: Tesla’s global job cuts are hitting China, the automaker’s biggest market after the United States,...

Published 16 Apr, 2024 01:07pm

Markets

Australian shares end about 2% lower as US rate cut bets ease on strong data

Australian shares declined on Tuesday as losses in banks and miners reflected a weakening investor sentiment around...

Published 16 Apr, 2024 01:01pm

Markets

Hong Kong shares begin with more losses

HONG KONG: Hong Kong stocks extended the previous day’s losses Tuesday as traders grow increasingly worried about...

Published 16 Apr, 2024 12:53pm

Markets

China crude oil throughput rises 1.3% in March

BEIJING: China’s oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative...

Published 16 Apr, 2024 12:45pm

Markets

Indonesian rupiah hits four-year low, prompts central bank intervention

JAKARTA: The Indonesian rupiah on Tuesday slid to its weakest in four years as the market reopened after the Eid...

Published 16 Apr, 2024 12:37pm

World

Israeli military vows response to Iran attack as calls for restraint mount

OCCUPIED JERUSALEM: Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran’s...

Published 16 Apr, 2024 12:35pm

Markets

Wheat rises but strong dollar, Russian exports limit gains

CANBERRA: Chicago wheat futures rose on Tuesday despite a strengthening dollar and huge exports of cheap grain from...

Published 16 Apr, 2024 12:20pm

World

China’s top diplomat Wang holds call with Iranian counterpart

BEIJING: China’s foreign minister held phone discussions with his Iranian counterpart, Beijing state media said...

Published 16 Apr, 2024 12:14pm

World

Ukraine says it downs all nine drones launched by Russia

Ukraine’s air defence systems destroyed all nine drones launched in a Russian attack, the air force said on Tuesday....

Published 16 Apr, 2024 12:09pm

Business & Finance

Dubai’s high-end property sales rise on overseas demand

DUBAI: Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry...

Published 16 Apr, 2024 12:07pm

Technology

Baidu says AI chatbot ‘Ernie Bot’ has attracted 200 million users

HONG KONG: China’s Baidu said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200...

Published 16 Apr, 2024 12:05pm

Business & Finance

China’s new home prices decline at fastest pace since 2015

BEIJING: New home prices in China fell at their fastest pace in more than eight years in March as the debt woes of...

Published 16 Apr, 2024 12:03pm

Markets

China’s yuan bounces from 5-month low on state bank support, upbeat Q1 data

BEIJING/SHANGHAI: China’s yuan briefly hit a five-month low against the dollar before recouping some of the losses...

Published 16 Apr, 2024 12:01pm

Markets

Gold near record high on growing geopolitical concerns

Gold prices ticked up on Tuesday, not too far away from a record high hit last week, as concerns about rising...

Published 16 Apr, 2024 11:59am

Technology

Microsoft to invest $1.5bn in Emirati AI firm G42, New York Times reports

Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New...

Published 16 Apr, 2024 11:56am

Business & Finance

China’s Q1 GDP growth solid but March data shows feeble demand

BEIJING: China’s economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some...

Published 16 Apr, 2024 11:53am

Business & Finance

UBS added capital needs of $15-25bn are realistic, Swiss minister says

ZURICH: Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government...

Published 16 Apr, 2024 11:50am

World

Hundreds of houses, plots flooded in Russia’s Kurgan region

Water levels in rivers in swathes of Russia’s Ural and southwestern Siberian regions continued to rise rapidly,...

Published 16 Apr, 2024 11:48am

Markets

Palm oil falls to five-week low

KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Tuesday, to hit its lowest in five...

Published 16 Apr, 2024 11:46am

Sports

Former Australia batsman Slater refused bail on domestic violence charges

MELBOURNE: Former Australia batsman Michael Slater was refused bail by a court in Queensland state on Tuesday after...

Published 16 Apr, 2024 11:45am

Markets

JGB yields climb with US peers as Fed cut bets pushed back

TOKYO: Japanese government bond (JGB) yields rose on Tuesday, with the two-year yield reaching the highest since...

Published 16 Apr, 2024 11:23am

Markets

Intra-day update: rupee sees marginal gain against US dollar

Currency hovering at 278-279 level in inter-bank market

Published 16 Apr, 2024 11:16am

Markets

Australia, NZ dollars hit five-month lows on geopolitical worries, yuan slides

SYDNEY: The Australian and New Zealand dollars hit five-month lows on Tuesday, weighed down by weaker appetite for...

Published 16 Apr, 2024 11:09am

Markets

Equities sink, oil rallies on fears of Iran-Israel conflict

HONG KONG: Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after...

Published 16 Apr, 2024 11:07am

Markets

China’s March coal output slumps on high stockpiles, lower demand

BEIJING: China’s coal output fell 4.2% in March, statistics bureau data showed on Tuesday, as miners cut back...

Published 16 Apr, 2024 11:04am

World

Joe Biden unlikely to cut Iran’s oil lifeline after Israel attack

WASHINGTON: Iran’s unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action...

Published 16 Apr, 2024 11:01am

Markets

India bond yields at near 3-month highs amid Middle East worries

MUMBAI: India’s benchmark government bond yields rose to near three-month highs on Tuesday, as heightened...

Published 16 Apr, 2024 10:45am

Markets

Philippines rejects all bids for $527mn T-bond offer

MANILA: The Philippines’ Bureau of the Treasury rejected all bids made for its offer of 30 billion Philippine pesos...

Published 16 Apr, 2024 10:41am

Markets

Indian rupee falls to record low on rising US yields; RBI likely steps in

MUMBAI: The Indian rupee dropped to a record low on Tuesday, weighed by the rise in US Treasury yields on bets that...

Published 16 Apr, 2024 10:39am

World

China’s air passenger numbers hit first-quarter record

BEIJING: China’s air passenger numbers rose 37.7% year-on-year to nearly 180 million trips in the first quarter,...

Published 16 Apr, 2024 10:37am

Markets

Japan’s Nikkei touches one-month low on US peers weakness

TOKYO: Japan’s Nikkei share average fell more than 2% to a one-month low on Tuesday as technology stocks tracked the...

Published 16 Apr, 2024 10:34am

Markets

Indian shares set to open lower as US rate worries add to geopolitical woes

BENGALURU: Indian shares are set to open lower on Tuesday, tracking Asian peers, as expectations of likely delay in...

Published 16 Apr, 2024 10:31am

Markets

Dollar firms after hot retail sales, yen languishes; China data awaited

TOKYO: The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday,...

Published 16 Apr, 2024 10:29am

Markets

Oil prices rise on China growth, Middle East tensions

Oil prices rose on Tuesday after data showed China’s economy grew faster than expected, while heightened tensions in...

Updated 16 Apr, 2024 12:58pm

Markets

China stocks fall, small-cap companies slump despite strong GDP

SHANGHAI: China stocks fell on Tuesday, with small-cap companies leading the decline, as March economic indicators...

Published 16 Apr, 2024 10:19am

Sports

Glenn Maxwell takes indefinite ‘mental and physical break’ from IPL

BENGALURU: Australia’s Glenn Maxwell will take an indefinite “mental and physical break” from the IPL after...

Published 16 Apr, 2024 10:13am

World

Germany’s Scholz says to discuss ‘just peace’ in Ukraine with Xi

BEIJING: German Chancellor Olaf Scholz on Tuesday said he would discuss a “just peace” in Ukraine with Chinese...

Published 16 Apr, 2024 10:11am

World

Indonesia landslide death toll rises to 20 as search ends

JAKARTA: Indonesian authorities said they have ended a search and rescue operation after a landslide in central...

Published 16 Apr, 2024 10:08am

Pakistan

Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says

Pakistan seeks at least a three-year programme with the IMF, says Aurangzeb

Updated 16 Apr, 2024 01:05pm

Pakistan

BR launches www.urdu.brecorder.com

Business Recorder on Monday launched www.urdu.brecorder.com, the Urdu version of its website www.brecorder.com....

Updated 16 Apr, 2024 09:08am

BR Research

Pakistan’s extreme energy poverty

The Power Minister during the Eid break felicitated the nation for a Rs3/unit respite in electricity tariff – that...

Published 16 Apr, 2024 08:38am

BR Research

Cotton demand: addressing the panda in the room

The uneasy calm continues in the global cotton market. As per US Department of Agriculture’s monthly forecast,...

Published 16 Apr, 2024 08:34am

BR Research

Security Investment Bank Limited

Security Investment Bank Limited (PSX: SIBL) was incorporated in Pakistan as a public limited company in 1991. The...

Published 16 Apr, 2024 08:33am

World

Russia restoring oil refining capacity knocked out by drones

MOSCOW: Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity...