Companies AT&T, Verizon agree to new precautions to address 5G air safety concerns WASHINGTON: AT&T and Verizon Communications on Wednesday agreed to adopt new precautionary measures to address... Published 24 Nov, 2021 11:53pm
USA US prices rose 5% last month compared to October 2020: Commerce Dept WASHINGTON: Prices across the United States rose by five percent last month compared to October 2020 as the wave of... Published 24 Nov, 2021 09:31pm
Energy IEA urges OPEC to take 'necessary steps' to lower oil prices PARIS: The head of the International Energy Agency on Wednesday called on OPEC and its allies to take measures to... Published 24 Nov, 2021 09:25pm
Forex KSE-100 falls another 585 points as bearish trend continues Benchmark settles below 44,400 level on Wednesday Published 24 Nov, 2021 08:27pm
Stocks Toronto index falls as consumer stocks drag Canada's main stock index fell on Wednesday, with consumer shares leading losses on dour earnings results from... Updated 24 Nov, 2021 08:39pm
Currency Pakistan’s recent policy measures to curtail rising external risks: Fitch Says Pakistan’s current-account deficit in the ongoing fiscal year is set to be wider than previous forecast of 2.2% of GDP Published 24 Nov, 2021 07:40pm
Energy Oil steady as investors question reserve release LONDON: Oil prices were steady on Wednesday as investors questioned the effectiveness of a US-led release of oil ... Published 24 Nov, 2021 07:13pm
Commodities Gold dips on stronger dollar, investors eye data burst Gold prices eased on Wednesday, set for a fifth consecutive session of losses as the US dollar strengthened and... Published 24 Nov, 2021 07:10pm
Stocks Saudi bourse outperforms most Gulf markets Saudi Arabia's stock market ended higher on Wednesday, buoyed by gains in financial shares, while the Dubai index... Published 24 Nov, 2021 07:04pm
Commodities Gold price increases by Rs2,500 in local market ISLAMABAD: The price of 24-karat per tola gold witnessed an increase of Rs2,500, and was traded at Rs124,100 in the... Published 24 Nov, 2021 07:03pm
Commodities Sugar prices slip, coffee falls from 10-year highs March arabica coffee fell 0.8% to $2.4020 per lb March raw sugar fell 0.8% to 19.97 cents per lb Published 24 Nov, 2021 06:45pm
Commodities Copper rises as China supports its property sector LONDON: Copper prices rose to their highest in a month on Wednesday, with other industrial metals also climbing ... Published 24 Nov, 2021 06:30pm
Energy US natural gas futures little changed ahead of storage report US natural gas futures held steady on Wednesday as the market waited for direction from a federal report expected to... Published 24 Nov, 2021 06:25pm
Stocks Sri Lankan shares end lower ahead of central bank rate decision Sri Lankan shares ended lower on Wednesday, weighed down by financial stocks ahead of the central bank's monetary... Updated 24 Nov, 2021 06:09pm
Stocks Indian shares end lower as IT, auto drag BENGALURU: Indian shares erased early gains to end Wednesday lower, as auto, IT and consumer stocks fell, ... Published 24 Nov, 2021 05:18pm
Commodities Palm rebounds on weaker ringgit, costlier US soyoil SINGAPORE: Malaysian palm oil futures rebounded on Wednesday, having been in retreat for three sessions, tracking... Updated 24 Nov, 2021 05:18pm
Currency Reversal: Pakistan's rupee falls again, closes over 175 against US dollar Loses 0.42% in inter-bank market on Wednesday Updated 24 Nov, 2021 06:53pm
Business & Economy Govt to bring ‘mini-budget’ in coming days: Shaukat Tarin Advisor on finance says government will withdraw tax exemptions worth Rs350 billion in the upcoming mini-budget Updated 24 Nov, 2021 02:49pm
Stocks Saudi index leads major Gulf bourses higher in early trade Major stock markets in the Gulf rose in early trading on Wednesday with the Saudi index leading the gains on the ... Updated 24 Nov, 2021 02:06pm
Warburg cuts Ant valuation by 15% to below $200bn HONG KONG: US private equity firm Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the... Published 24 Nov, 2021 01:40pm
Commodities NY cocoa may test $2,538; rise from Nov.8 low complete SINGAPORE: New York March cocoa may test a support at $2,538 per tonne, a break below which could cause a fall to... Published 24 Nov, 2021 01:38pm
Forex Rouble falls again, Russian stocks recover after sell-off MOSCOW: The Russian rouble fell again on Wednesday, moving towards its weakest point since mid-2021 under pressure... Published 24 Nov, 2021 01:37pm
Commodities Copper prices rise on easing woes over China demand, low stocks London copper prices edged up on Wednesday as tight supplies and easing concerns about Chinese demand lent the metal... Published 24 Nov, 2021 01:30pm
Stocks China stocks close up as food and beverage shares, coal miners gain SHANGHAI: China stocks closed up to their highest in four weeks on Wednesday, as food and beverage shares and coal... Published 24 Nov, 2021 01:26pm
Money & Banking SBP chief outlines factors leading to tapering monetary stimulus 'a bit faster' In interview with CNBC, Dr Reza Baqir says higher-than-anticipated current account deficit among reasons for interest-rate hike Updated 24 Nov, 2021 08:06pm
Forex Lira drops 3% near record low as Turkey stumbles into unknown ISTANBUL: Turkey's lira tumbled anew on Wednesday towards a record low, gripped by worries over soaring inflation ... Updated 24 Nov, 2021 01:25pm
BlackRock joins e-car charging venture Ionity in $788mn funding round FRANKFURT: BlackRock, the world's largest money manager, has joined electric vehicle charging (EV) venture Ionity in... Published 24 Nov, 2021 12:48pm
Japan's factory activity grows at fastest pace in nearly four years -Flash PMI TOKYO: Japan's factory activity grew at the fastest pace in nearly four years in November, as output accelerated on... Published 24 Nov, 2021 12:42pm
Forex South African rand pauses; eyes still on dollar and Turkey JOHANNESBURG: The South African rand paused early on Wednesday after a losing streak linked to a stronger US dollar... Published 24 Nov, 2021 12:15pm
Stocks Tokyo shares close lower TOKYO: Tokyo shares closed lower on Wednesday with high-tech shares down on worries over rising US interest rates.... Published 24 Nov, 2021 12:13pm
China Oct smartphone shipments up 30.6% y/y, likely driven by iPhone SHANGHAI: Shipments of smartphones within China rose 30.6% year-on-year to 32.7 million handsets in October, the... Published 24 Nov, 2021 11:56am
Energy Oil mixed, investors sceptical about effectiveness of joint reserve release TOKYO: Oil prices largely held gains Wednesday, with investors sceptical about the effectiveness of a US-led... Published 24 Nov, 2021 11:52am
Stocks China stocks slip as new energy, agriculture firms weigh SHANGHAI: China stocks slipped on Wednesday as new energy and agriculture companies weighed, while improving... Published 24 Nov, 2021 11:50am
Forex China's yuan stays steady against dollar, value against peers hits near 6-year high SHANGHAI: The yuan was largely flat against the dollar on Wednesday, though it's value struck a near six-year high ... Published 24 Nov, 2021 11:48am
Stocks Australian shares end lower as firmer dollar, bond yields weigh Australian shares ended a see-saw trading session slightly lower on Wednesday, as strength in the US dollar and... Published 24 Nov, 2021 11:46am
Commodities Palm rebounds as ringgit weakens; cheaper rivals cap gains SINGAPORE: Malaysian palm oil futures rebounded on Wednesday after falling for three straight sessions, as a weaker... Published 24 Nov, 2021 11:44am
Mutual Funds JGB yields track US Treasury higher on Powell's reappointment TOKYO: Japanese government bond yields rose on Wednesday, taking cues from elevated US Treasury yields, while local... Published 24 Nov, 2021 11:39am
Commodities CBOT corn may rise to $5.90; pace to quicken SINGAPORE: CBOT corn may extend break a resistance at $5.81-1/2 per bushel, and rise to $5.90, driven by a powerful... Published 24 Nov, 2021 11:37am
Stocks Asian shares on edge as US bond yields rise, oil volatile HONG KONG: Share markets were jittery in Asia on Wednesday as trading was buffeted by a step-up in US Treasury ... Updated 24 Nov, 2021 11:37am
Financial New Zealand lifts interest rates for second straight month WELLINGTON: New Zealand's central bank lifted its base interest rate for the second straight month Wednesday,... Published 24 Nov, 2021 10:50am
Stocks Tokyo stocks open lower after mixed US close TOKYO: Tokyo stocks opened lower on Wednesday after a mixed close on Wall Street, with investors sceptical about a... Published 24 Nov, 2021 10:37am
Stocks Hong Kong shares up at start of trade The Hang Seng Index added 0.08 percent, or 20.52 points, to 24,672.10 Published 24 Nov, 2021 10:34am
Companies Samsung to build $17bn chip plant in Texas SAN FRANCISCO: Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that... Published 24 Nov, 2021 10:32am
Financial Mexico president scraps choice for central bank chief MEXICO CITY: Mexican President Andres Manuel Lopez Obrador has withdrawn his nomination of former finance minister... Published 24 Nov, 2021 10:30am
Real Estate MIDCITY HOUSING: bringing people closer The real estate sector always looks to find ways that would not only bring people together, but instill a... Updated 24 Nov, 2021 03:34pm
Stocks Asian markets fall again on inflation fear as oil prices extend gains HONG KONG: Asian markets fell Wednesday as investors extended a run of weakness, with inflation worries and... Published 24 Nov, 2021 10:23am
Forex New Zealand dollar slips, bonds rally as RBNZ hikes cautiously SYDNEY: The New Zealand dollar slipped on Wednesday and bond markets rallied after the country's central bank hiked... Published 24 Nov, 2021 10:21am
Forex Dollar rests after surging on Powell's reappointment, kiwi weakens SYDNEY: The dollar paused on Wednesday after a surge that followed the reappointment of Federal Reserve chair Jerome... Published 24 Nov, 2021 10:19am
Stocks Australian shares slip as tech, gold stocks track Wall Street sell-off Australian shares inched lower on Wednesday, dragged down by technology and gold stocks, as rising Treasury yields... Published 24 Nov, 2021 10:14am
Stocks Australia shares to open flat, NZ inches lower Australian shares are set to open largely unchanged on Wednesday, with domestic technology stocks expected to track... Published 24 Nov, 2021 10:03am
Companies Xiaomi revenue misses estimates as competition intensifies SHANGHAI: China's Xiaomi Corp on Tuesday reported a smaller-than-expected 8.2% rise in third-quarter revenue as... Published 24 Nov, 2021 09:57am
Stocks Indian shares inch higher as energy, banking stocks gain BENGALURU: Indian shares edged up on Wednesday, boosted by energy and financial sectors, while stocks globally were... Published 24 Nov, 2021 09:56am
Financial Indonesia central bank to reduce excess liquidity in 2022, keep rates low until signs of inflation JAKARTA: Indonesia's central bank plans to reduce the amount of excess liquidity in the banking system next year... Published 24 Nov, 2021 09:54am
Stocks Tesla's Musk exercises more options, sells shares worth $1.05bn Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion... Published 24 Nov, 2021 09:51am
Energy US oil targets $79.52-$80.56 range; morning star promising A break below $77.84 could cause a fall into $76.80-$77.34 range Published 24 Nov, 2021 09:50am
Commodities Palm oil may fall to 4,781 ringgit, driven by fierce wave (c) SINGAPORE: Palm oil may break a support at 4,827 ringgit per tonne, and fall towards a range of 4,706 ringgit to... Published 24 Nov, 2021 09:48am
Energy Brent oil may test $83.22; bullish reversal confirmed SINGAPORE: Brent oil may test a resistance at $83.22 per barrel, a break above which could lead to a gain to ... Published 24 Nov, 2021 09:47am
Commodities CBOT soybeans may test $12.87-1/2; bullish wedge confirmed SINGAPORE: The CBOT soybean January contract may test a resistance at $12.87-1/2 per bushel, a break above which... Published 24 Nov, 2021 09:45am
Bullion Rate Spot gold to end bounce in $1,803-$1,817 range; downtrend intact The drop is deep enough to confirm a reversal of the trend from $1,720.49 Published 24 Nov, 2021 09:43am
Bullion Rate Gold hovers below $1,800-mark on dollar strength, sooner rate-hike bets Spot gold rose 0.3% to $1,794.96 per ounce Updated 24 Nov, 2021 11:54am
Forex Asian FX resilient against strong dollar, stocks jittery Currencies in Asia's emerging markets were broadly subdued on Wednesday, as regional assets remained resilient, even... Published 24 Nov, 2021 09:30am
Industry FPCCI’s UBG will continue to serve traders: Iftikhar LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s United Business Group (UBG) Tuesday vowed ... Published 24 Nov, 2021 06:28am
Money & Banking ‘Monetary Policy Statement’: clarification by SBP KARACHI: With regard to the editorial in Business Recorder dated November 22, 2021 titled “Monetary Policy... Published 24 Nov, 2021 06:25am
Industry SECP amends regulations to facilitate SMEs, startups ISLAMABAD: The SECP has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to ... Published 24 Nov, 2021 05:18am
Taxes FBR to extend track, trace system to other key sectors: chairman ISLAMABAD: The Federal Board of Revenue (FBR) Chairman, Dr Muhammad Ashfaq Ahmed, said Tuesday that the FBR will... Published 24 Nov, 2021 05:18am
Industry KCCI urged to take up issue of ‘excessive’ taxes, duties on polyester yarn KARACHI: Saqib Naseem, Central Chairman Pakistan Yarn Merchants Association (PYMA) has sought the cooperation of... Published 24 Nov, 2021 05:18am
Taxes E&T department launches tax recovery drive in Karachi KARACHI: Sindh Excise and Taxation (E&T) department has launched a tax recovery campaign in Karachi. According... Published 24 Nov, 2021 05:18am
Industry LCCI delegation tells President: Rising inflation, PKR slide hitting all sectors of economy LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Tuesday informed President Dr Arif Alvi that... Published 24 Nov, 2021 05:18am
Money & Banking Dollar gains, euro recovers on better than expected data NEW YORK: The dollar index held near 16-month highs on Tuesday after Federal Reserve Chair Jerome Powell was picked... Published 24 Nov, 2021 05:18am
Money & Banking NZ dollar retreats SYDNEY: The New Zealand dollar fell to a near six-week low on Tuesday as its US counterpart basked in the afterglow... Published 24 Nov, 2021 05:18am
Money & Banking Sterling touches lowest level in 2021 vs dollar LONDON: Sterling slipped on Tuesday to its lowest level versus the dollar this year as traders assessed the impact ... Published 24 Nov, 2021 05:18am
Governor for tapping pharma sector’s real export potential KARACHI: Sindh Governor Imran Ismail has said that billions of dollars worth of medicines are exported from Pakistan... Published 24 Nov, 2021 05:18am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn