Energy Oil rallies as U.S. crude stocks decline in tight market NEW YORK: Oil prices rallied on Wednesday after U.S. crude inventories at the nation's largest storage site hit ... Updated 20 Oct, 2021 11:59pm
Stocks European stocks hit 6-week highs as Nestle shines in mixed bag of earnings STOXX 600 up 0.3%, oil stocks track crude higher Kering slides as Gucci sales lose sparkle Nestle's 2.7% jump boosts food & beverage stocks Recovery in euro area has further to run - TS Lombard Updated 20 Oct, 2021 09:43pm
Stocks Consumer staple stocks lift London's FTSE 100; miners weigh Unilever gains after strong Nestle earnings Consumer price inflation slowed in September Deliveroo up after forecast lift FTSE 100 up 0.1%, FTSE 250 off 0.4% Updated 20 Oct, 2021 09:08pm
Energy Oil rises modestly as US crude stockpiles dwindle EIA shows expected fall in US crude stocks Oil supplies continue to tighten worldwide Published 20 Oct, 2021 08:07pm
Commodities Gold rises on softer dollar, inflation worries Benchmark 10-year Treasury yields hit five-month peak Dollar dips as riskier currencies gain Silver rises more than 1% Published 20 Oct, 2021 07:59pm
Telecommunication Bold steps needed to harness potential of digitalisation: Jazz's chief business officer Connectivity has now become a fundamental human right, and all governmental initiatives in the ICT arena must take... Published 20 Oct, 2021 07:43pm
Canada inflation rises to 18-year high in September OTTAWA: Widespread price gains led by soaring transportation, housing and food costs pushed Canada's inflation rate... Updated 20 Oct, 2021 08:24pm
Energy US crude, fuel stocks dip in most recent week: EIA US crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on... Published 20 Oct, 2021 07:28pm
Stocks US stocks extend gains after latest trove of earnings NEW YORK: Wall Street stocks extended their rally early Wednesday as markets digested another round of mostly solid... Published 20 Oct, 2021 07:15pm
Business & Economy CAA takes action against local carriers for cancelling scheduled domestic flights Pakistan Civil Aviation Authority (CAA) has taken action against four airlines including the national carrier for... Published 20 Oct, 2021 07:03pm
Bitcoin hits new record above $65,000 after Wall Street foray LONDON: Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream... Updated 20 Oct, 2021 07:15pm
Energy Oil falls as China considers intervention to ease coal crunch Chinese coking coal and coke futures slide API shows larger than expected rise in US crude stocks Market eyes EIA inventory data due later on Wednesday Updated 20 Oct, 2021 07:06pm
Commodities Base metals slide as China pledges to cool coal prices LONDON: Base metals eased on Wednesday after China said it would intervene to lower coal prices and as technical... Published 20 Oct, 2021 06:24pm
Stocks KSE-100 gains 870 points as investor sentiment soothed on IMF front Reports of IMF talks moving 'positively' seem to have calmed nerves at stock market Updated 20 Oct, 2021 06:52pm
VavaCars raises $50m in one of Turkey and Pakistan's largest Series B rounds VavaCars, a Turkey-based online trading platform for buying and selling used cars, has raised $50 million to expand... Updated 20 Oct, 2021 06:53pm
Stocks European stocks steady, as bitcoin nears record high LONDON: European stock markets steadied Wednesday tracking earnings and economic data, while bitcoin neared its... Published 20 Oct, 2021 05:33pm
Energy US natural gas futures slide 2% on mild forecasts, healthy stockpiles US natural gas futures slipped about 2% to a near four-week low on Wednesday on forecasts calling for mild weather... Updated 20 Oct, 2021 06:17pm
Companies Volkswagen's main plant producing fewest cars since 1958, source says BERLIN: Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source ... Published 20 Oct, 2021 05:15pm
Commodities London cocoa hits 3-week low; sugar, coffee rebound December arabica coffee rose 0.8% to $2.06 per lb March raw sugar edged up 0.1% to 18.89 cents per lb March London cocoa fell 0.7% to 1,779 pounds per tonne Published 20 Oct, 2021 05:09pm
Companies Renault sees bigger production hit from chip shortage PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage... Published 20 Oct, 2021 05:04pm
Stocks Toronto index rises as industrial stocks offset inflation data worries Toronto Stock Exchange's S&P/TSX composite index was up 22.26 points, or 0.11%, at 21,109.25 Updated 20 Oct, 2021 07:33pm
Currency Against USD: Pakistan's rupee weakens further, closes at 173.47 Rupee has lost over 12% in the last five months Updated 20 Oct, 2021 06:58pm
Stocks Indian stocks end lower as metals, energy stocks drag The NSE Nifty 50 index fell 0.8% at 18,266.60, while the S&P BSE Sensex dropped 0.7% at 61,259.96 Updated 20 Oct, 2021 04:37pm
Commodities Palm rallies to record high on improving Oct exports Palm rise 1.36% Malaysia's Oct 1-20 exports fall 7.8% m/m Updated 20 Oct, 2021 04:34pm
To hear good news from IMF soon, says Dr Reza Baqir SBP governor's statement comes after an IMF official also said talks are moving positively Updated 20 Oct, 2021 02:49pm
Forex Sterling stuck below 1-month high after inflation reading LONDON: Sterling laboured below a one-month high on Wednesday as traders said a dip in September inflation was... Published 20 Oct, 2021 02:08pm
Stocks Hong Kong shares close with more gains HONG KONG: Hong Kong stocks rose for a fourth straight day Wednesday following another positive Wall Street lead,... Published 20 Oct, 2021 02:07pm
Stocks Alibaba shares soar after Jack Ma reported on Europe trip HONG KONG: Alibaba shares surged more than six percent on Wednesday after billionaire founder Jack Ma was reported ... Updated 20 Oct, 2021 02:07pm
ADB-backed Rider raises $2.3 million in seed round Karachi-based startup announces raising funds in round led by ADB Ventures, Global Founders Capital, Fatima Gobi Ventures among others Published 20 Oct, 2021 01:14pm
Stocks UK's FTSE flat after inflation data; Deliveroo up on forecast raise London's FTSE 100 was little changed on Wednesday as fears that the Bank of England would raise interest rates as... Published 20 Oct, 2021 01:01pm
Forex South African rand dips before consumer price data JOHANNESBURG: South Africa's rand dipped early on Wednesday, before the release of consumer price data which will... Published 20 Oct, 2021 01:00pm
Commodities CBOT wheat may hover below key resistance at $7.45-1/2 SINGAPORE: CBOT December wheat may hover below a strong resistance at $7.45-1/2 per bushel, or retreat again towards... Published 20 Oct, 2021 12:59pm
Mutual Funds Euro zone bond yields edge higher, eyes on the ECB MILAN: Euro zone government bond yields steadied on Wednesday as recent comments by European Central Bank (ECB)... Published 20 Oct, 2021 12:58pm
Stocks European stock markets ease at open LONDON: European stock markets dipped at the open Wednesday following a largely positive showing in Asia. London's... Published 20 Oct, 2021 12:31pm
Stocks Indian stocks subdued as metal stocks weigh on easing supply worries BENGALURU: Indian shares slipped on Wednesday, dragged by metal stocks as China's pledge to contain coal prices ... Published 20 Oct, 2021 12:29pm
Stocks Gains in financials, BHP lift Australia stocks Australian shares rose on Wednesday, lifted by financial and mining stocks, while global miner BHP touched a month... Published 20 Oct, 2021 12:26pm
Companies Rio Tinto plans $7.5bn spend to halve carbon emissions by 2030 MELBOURNE: Anglo-Australian miner Rio Tinto announced on Wednesday a $7.5 billion plan to reduce carbon emissions by... Published 20 Oct, 2021 12:24pm
Bullion Rate Gold rises as weaker dollar counters higher US bond yields Gold prices rose on Wednesday, as a slightly weaker dollar outweighed pressure from elevated US bond yields and... Published 20 Oct, 2021 12:23pm
Financial ANZ to take $97mn hit to second-half cash profit Australia and New Zealand Banking Group on Wednesday warned of an after-tax hit of A$129 million ($96.66 million) to... Published 20 Oct, 2021 12:21pm
Stocks Japanese shares give up most gains as US Treasury yields weigh TOKYO: Japanese shares rose on Wednesday, underpinned by strong Wall Street finish, but they shed most of the gains... Published 20 Oct, 2021 12:17pm
Forex Yen skids to four-year low as stocks rally with Treasury yields TOKYO: US bonds drove currencies on Wednesday, with a rise in long-term rates pushing the dollar to an almost... Published 20 Oct, 2021 12:13pm
UK inflation dips but rate rise still forecast LONDON: British annual inflation eased to 3.1 percent in September, official data showed Wednesday, remaining close... Updated 20 Oct, 2021 11:54am
Real Estate China new-home prices fall for first time in six years BEIJING: China's new-home prices fell for the first time in six years last month, data showed Wednesday, as the... Published 20 Oct, 2021 11:22am
Stocks Asian shares advance on earnings optimism, yen slips to 4 year low TOKYO: Asian shares advanced and US long-dated bond yields edged up to a five-month high on Wednesday on rising... Published 20 Oct, 2021 11:00am
Companies Roche raises 2021 outlook as COVID-19 tests continue powering sales Roche raised its 2021 sales forecast on Wednesday after the Swiss drugmaker posted an 8% rise in nine-month ... Published 20 Oct, 2021 10:52am
Mutual Funds China raises $4bn in US dollar bond after attracting strong investor demand HONG KONG: China has raised $4 billion through a US dollar sovereign bond issue, a term sheet showed, with the offer... Published 20 Oct, 2021 10:51am
Energy Oil dips as China considers intervention to ease coal crunch SINGAPORE: Oil prices slipped on Wednesday after the Chinese government stepped up efforts to tame record high coal... Published 20 Oct, 2021 10:50am
Forex China's yuan touches firmest point since June after strong fixing SHANGHAI: China's yuan briefly rose to its highest point against the US dollar in more than four-and-a-half months ... Published 20 Oct, 2021 10:49am
Forex Ringgit leads gains, Thai bond outflows hit baht The Malaysian ringgit led gains in emerging Asia on Wednesday as signs China's policymakers were moving to contain... Published 20 Oct, 2021 10:47am
Commodities Palm rise to near record highs on improving Oct exports KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to near record highs hit last week, as October export ... Published 20 Oct, 2021 10:43am
Companies Nestle raises full year sales outlook to 6-7% organic growth this year ZURICH: Nestle raised its sales guidance on Wednesday, saying it now expects full year organic growth of 6-7% after... Published 20 Oct, 2021 10:21am
Bullion Rate Spot gold may bounce to $1,783 before dropping SINGAPORE: Spot gold may bounce a bit further to $1,783 per ounce, before turning around and retesting a support at... Published 20 Oct, 2021 10:11am
Energy US oil may retest support at $81.79 SINGAPORE: US oil may retest a support at $81.79 per barrel, a break below which could cause a fall into... Published 20 Oct, 2021 10:09am
Commodities CBOT soybeans still target $12.43-1/2 to $12.54-1/4 range SINGAPORE: The CBOT soybean November contract is expected to break a resistance at $12.33 and rise into a range of... Published 20 Oct, 2021 10:06am
Energy Saudi Sept oil supplies to China up 2%, Russian volumes down 18% BEIJING/SINGAPORE: Saudi Arabia, the world's biggest oil exporter, kept its ranking as China's top crude supplier ... Published 20 Oct, 2021 10:04am
Stocks HK stocks hit near 6-week high on tech boost; China market range-bound SHANGHAI: Hong Kong stocks hit a near six-week high on Wednesday, aided by a sustained rebound in technology names,... Published 20 Oct, 2021 10:02am
Stocks Tokyo stocks open higher extending US gains TOKYO: Tokyo stocks opened higher on Wednesday, extending US rallies supported by buoyant corporate earnings, with a... Published 20 Oct, 2021 09:56am
Stocks Hong Kong stocks rise at start of the day HONG KONG: Hong Kong shares rallied more than one percent in the opening few minutes of trade Wednesday, building on... Published 20 Oct, 2021 09:51am
'Unintentional gift': US steps into China's bitcoin breach ROCKDALE: The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type... Published 20 Oct, 2021 09:43am
Stocks Asian markets rise further on more earnings joy as Fed mulls taper HONG KONG: Asian markets advanced further on Wednesday, joining a global rally fuelled by strong earnings, while... Published 20 Oct, 2021 09:40am
Energy Planned fossil fuel output shatters 1.5C climate target: UN PARIS: The world's nations are currently planning to produce more than double the amount of coal, oil and gas... Published 20 Oct, 2021 09:23am
Commodities China eyes coal market intervention to curb price spikes BEIJING: China's top economic planner said it is considering an intervention to bring down soaring coal prices, as... Published 20 Oct, 2021 09:21am
Business & Economy Pakistan's current account deficit narrows to $1.11 billion in September Improvement in balance of trade helps bring down deficit on a monthly basis Updated 20 Oct, 2021 08:31am