Twitter CEO Jack Dorsey to step down, Parag Agrawal to be successor Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role and Chief Technology Officer Parag... Updated 29 Nov, 2021 10:23pm
Fertiliser price reportedly decreases after directive to check hoarding The price of fertiliser has registered an average decrease of Rs400 per bag following Prime Minister Imran Khan's... Updated 29 Nov, 2021 09:51pm
Stocks Tech rally lifts Wall Street from Omicron-driven slump Gains in heavyweight technology stocks drove Wall Street indexes higher on Monday as investors rushed to take... Published 29 Nov, 2021 08:19pm
Money & Banking India central bank to start bankruptcy procedure against Reliance Capital; co to comply BENGALURU: India's central bank said on Monday it would initiate bankruptcy proceedings against Reliance Capital ... Published 29 Nov, 2021 08:15pm
Money & Banking Kenya central bank holds its benchmark lending rate at 7.0% NAIROBI: Kenya's central bank held its benchmark lending rate at 7.0% on Monday, its Monetary Policy Committee said,... Published 29 Nov, 2021 08:11pm
Stocks Toronto index rebounds as energy stocks jump Canada's main stock index rebounded on Monday, after posting its biggest decline in more than a year in the previous... Published 29 Nov, 2021 08:03pm
Energy US natural gas slumps 10% as warmer weather forecast tempers demand view US natural gas futures slid more than 10% on Monday, erasing gains from a post-Thanksgiving rally in the previous... Published 29 Nov, 2021 08:03pm
Commodities Gold steadies as COVID variant tempers rate hike expectations Gold steadied near $1,800 an ounce on Monday after the previous week's broad decline, as fears that the new Omicron... Published 29 Nov, 2021 07:27pm
German inflation hits 29-year high in November FRANKFURT: German consumer prices hit a 29-year high in November, preliminary data showed Monday, as soaring energy... Published 29 Nov, 2021 07:20pm
Pakistan's startup PostEx raises $7.1 million Latest funding makes it the second largest investment at this stage in Pakistan Published 29 Nov, 2021 06:54pm
Energy Russia, Saudi signal no rush on Omicron ahead of OPEC+ meeting MOSCOW/LONDON: Russia and Saudi Arabia signalled on Monday there was no need for OPEC+ to race to adjust oil output... Updated 29 Nov, 2021 07:27pm
Stocks Gulf bourses rebound as calm returns after Omicron battering Stock markets in the Gulf rebounded on Monday, mirroring oil prices and global shares as investors waited for more... Updated 29 Nov, 2021 06:53pm
Commodities Gold price increases by Rs1,000 per tola in local market ISLAMABAD: The price of 24-karat per tola gold witnessed an increase of Rs1,000 and was sold at Rs123,800 in the... Updated 29 Nov, 2021 06:52pm
Stocks Best day of 2021: KSE-100 registers 2.76% increase Benchmark index closes over 45,300 due to positive triggers Updated 29 Nov, 2021 08:14pm
Forex Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with ... Updated 29 Nov, 2021 06:16pm
Stocks Sri Lankan shares end flat as financial losses offset industrial gains Sri Lankan shares ended flat on Monday, after rising more than 1% for two straight sessions, as gains in industrial... Published 29 Nov, 2021 05:18pm
Commodities Sugar, cocoa and coffee climb in broad-based rebound March arabica coffee rose 0.7% to $2.4460 per lb March raw sugar rose 0.8% to 19.51 cents per lb Published 29 Nov, 2021 05:14pm
Pakistan, Saudi Arabia sign $3-billion deposit agreement Deposit to help support Pakistan’s foreign currency reserves and contribute towards resolving adverse effects of Covid-19 pandemic, says SBP Updated 29 Nov, 2021 08:13pm
Commodities Copper climbs as inventories outweigh easing Omicron fears LONDON: Copper prices rose on Monday as fears about further damage to growth and demand from the Omicron coronavirus... Updated 29 Nov, 2021 05:14pm
Spanish inflation soars to 29-year high MADRID: Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising... Updated 29 Nov, 2021 04:54pm
Energy Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says DUBAI: Saudi Aramco expects its Jafurah gas field to provide approximately 2 billion cubic feet per day of sales gas... Published 29 Nov, 2021 04:28pm
Stocks Indian shares close higher as Reliance, Kotak Mahindra Bank gain BENGALURU: Indian shares recovered early losses to end higher on Monday, boosted by gains in Reliance, Kotak ... Published 29 Nov, 2021 04:26pm
Currency Against USD: Pakistan's rupee hits historic low, crosses 176 in inter-bank market Falls another 74 paisas to close at 176.2 on Monday Updated 29 Nov, 2021 08:22pm
Commodities Palm oil ekes out gains as investors weigh Omicron's impact KUALA LUMPUR: Malaysian palm oil futures ended slightly higher on Monday as crude and global markets rebounded from ... Published 29 Nov, 2021 04:10pm
SSGC suspends gas supply to CNG stations across Sindh, Balochistan till Feb 15 Following a spike in local gas demand, the Sui Southern Gas Company Limited (SSGCL) on Monday has announced to... Updated 29 Nov, 2021 03:55pm
MENA Lebanese protesters block roads over economic meltdown BEIRUT: Demonstrators, some of them burning tyres, blocked roads across parts of Lebanon on Monday in protest at the... Updated 29 Nov, 2021 03:16pm
Forex Dollar edges higher, currencies pull back on Omicron-shock moves LONDON: The dollar edged higher, the euro fell and the yen steadied on Monday as currency markets reversed some of... Published 29 Nov, 2021 02:51pm
Commodities LME aluminium may revisit Nov 25 high of $2,736 this week SINGAPORE: LME aluminium may revisit its Nov. 25 high of $2,736 per tonne this week, following its stabilization... Published 29 Nov, 2021 02:50pm
Forex Kenyan shilling little changed, faces pressure from importers NAIROBI: The Kenyan shilling was little changed on Monday, but touched a new all-time low and was forecast to weaken... Published 29 Nov, 2021 02:48pm
Mutual Funds Euro zone bond yields hover near lows as Omicron assessment begins LONDON: Euro zone government bond yields hovered near two-month lows on Monday as investors looked to assess the... Published 29 Nov, 2021 02:43pm
Companies Pakistani company exports 'first ever' meat consignment to Jordan Jordan had last month approved Tata Best Foods for export of meat and its allied products Published 29 Nov, 2021 02:42pm
Companies Audi-FAW electric vehicle venture in China delayed BERLIN: Volkswagen's premium automaker Audi's joint venture to build electric vehicles in China with state-owned FAW... Published 29 Nov, 2021 02:41pm
Stocks Stocks, oil rebound as calm returns after Omicron hit LONDON: A semblance of calm returned to world markets on Monday as investors waited for more details to assess the... Published 29 Nov, 2021 02:28pm
Stocks Gulf bourses regain some ground after Omicron battering Major stock markets in the Gulf rebounded on Monday, in line with oil prices and global shares as investors settled... Published 29 Nov, 2021 02:03pm
Inflation reached its peak in November: ECB's Schnabel BERLIN: The ECB believes that inflation peaked in November, meaning it would be premature to raise interest rates as... Published 29 Nov, 2021 01:54pm
Forex Sterling holds above 11-month lows on Omicron concerns LONDON: Sterling held above an 11-month low on Monday as calm returned to global markets after the discovery of the... Published 29 Nov, 2021 01:51pm
Stocks FTSE 100 rises after Friday's rout, BT Group jumps on M&A report The FTSE 100 gained 1.1% by 0805 GMT after virus worries knocked 3.6% off the blue-chip index on Friday Published 29 Nov, 2021 01:50pm
Food and fuel costs drive Spanish inflation to 29-year high MADRID: Spanish inflation hit its highest in nearly three decades in November as increases in food and fuel costs... Published 29 Nov, 2021 01:47pm
Stocks Hong Kong shares extend Omicron losses HONG KONG: Hong Kong stocks finished with more losses on Monday after last week's rout caused by fears about the new... Updated 29 Nov, 2021 01:47pm
Stocks European stocks rebound at open after Omicron freefall LONDON: European stock markets rallied in opening deals on Monday, rebounding from a pre-weekend slump that was... Updated 29 Nov, 2021 01:46pm
Forex Russian rouble recovers from over seven-month low vs dollar MOSCOW: The Russian rouble recovered on Monday after sinking to a more than seven-month low on Friday, buffeted by... Published 29 Nov, 2021 12:51pm
Stocks China stocks edge lower on lingering concerns over Omicron variant SHANGHAI: China stocks closed down on Monday, as concerns lingered about the newly discovered and possibly... Published 29 Nov, 2021 12:48pm
Energy Gazprom reports record quarter on surging gas prices, sees even better Q4 MOSCOW: Russia's Gazprom on Monday reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) ... Updated 29 Nov, 2021 02:58pm
Forex South Africa's rand recovers after sinking on Omicron worries JOHANNESBURG: South Africa's rand firmed early on Monday, recovering from last week's plunge to its lowest since... Published 29 Nov, 2021 12:41pm
Commodities Palm rebounds as investors assess Omicron virus variant's impact KUALA LUMPUR: Malaysian palm oil futures rose on Monday, as rival edible oils and global markets rebounded from a... Updated 29 Nov, 2021 08:00pm
Commodities CBOT corn may rise to $6.05; crosses major hurdle SINGAPORE: CBOT corn March corn may break a resistance at $5.96 per bushel and rise to $6.05, driven by a wave C.... Published 29 Nov, 2021 12:40pm
Commodities London copper recoups losses fuelled by Omicron worries London copper prices rose on Monday, recouping some of the losses fuelled by the newly identified and possibly... Published 29 Nov, 2021 12:39pm
Stocks South Korea stocks mark lowest close in nearly two months on Omicron worries The benchmark KOSPI ended down 27.12 points, or 0.92%, at 2,909.32 Published 29 Nov, 2021 12:38pm
Stocks Nikkei hits 1-1/2-month low on Omicron variant fears TOKYO: Japanese shares tumbled on Monday with the Nikkei average sliding to its lowest level in 1-1/2 months, hit by... Published 29 Nov, 2021 12:37pm
Mutual Funds JGBs little changed as investors look to Omicron fallout TOKYO: Japanese government bond prices were little changed on Monday, with investors staying on the sidelines to... Published 29 Nov, 2021 12:36pm
Commodities Bangladesh issues tender to buy 50,000 tonnes wheat HAMBURG: Bangladesh's state grains buyer has issued another international tender to purchase 50,000 tonnes of ... Published 29 Nov, 2021 12:36pm
Commodities CBOT wheat may drop to $8.37; correction incomplete SINGAPORE: CBOT March wheat may drop to $8.37 per bushel, as it failed to break a resistance at $8.51-1/2. The... Published 29 Nov, 2021 12:29pm
Energy Oil rebounds on speculation OPEC+ may pause output increase TOKYO: Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that... Published 29 Nov, 2021 12:26pm
Real Estate Evergrande shares fall after chairman cuts stake; Fantasia suspends trading HONG KONG: Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his... Published 29 Nov, 2021 12:22pm
Real Estate Even in tech hub Shenzhen, China's property market succumbs to chills SHENZHEN: Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in... Published 29 Nov, 2021 12:20pm
Stocks Australian shares extend fall on COVID-19 variant fears Australian shares closed lower on Monday for the second straight session, as the country reported its first cases of... Published 29 Nov, 2021 12:18pm
Stocks China stocks slip on Omicron variant worries SHANGHAI: China shares slipped on Monday as concerns lingered about the newly discovered and possibly... Published 29 Nov, 2021 11:45am
Forex China's yuan rises to week high on corporate demand, Omicron jitters ease SHANGHAI: China's yuan touched a one-week high against the dollar on Monday, on corporate demand for the local... Published 29 Nov, 2021 11:43am
Forex Australia dollar takes breather from Omicron shock SYDNEY: The Australian dollar recovered against the greenback on Monday after sliding last week as spooked investors... Published 29 Nov, 2021 11:41am
Forex Currencies recover from Omicron chaos but analysts warn more volatility ahead OTTAWA: Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron ... Published 29 Nov, 2021 11:38am
Stocks Australian shares hit near two-month low on Omicron variant concerns Australian shares dropped more than 1% to hit a near two-month low on Monday, extending losses to a second straight... Published 29 Nov, 2021 11:37am
Companies Zia Chishti 'resigns as CEO, director at TRG Pakistan' Has also resigned from his positions at The Resource Group (TRG) International Limited Published 29 Nov, 2021 11:36am
Stocks Australia shares set to drop upon open, NZ falls sharply Australian shares are set to plunge at the open on Monday, extending losses from Friday, as investors are likely to... Published 29 Nov, 2021 11:35am
Commodities CBOT soybeans to test $12.73-1/4; correction complete SINGAPORE: The CBOT soybean January contract may test a resistance at $12.73-1/4 per bushel, a break above which... Published 29 Nov, 2021 11:34am
Stocks Indian shares flat in volatile trade; Reliance jumps BENGALURU: Indian shares traded flat after opening lower in a volatile session on Monday on gains in heavyweight... Published 29 Nov, 2021 11:31am
Mutual Funds Philippines sells $7.2bn of peso retail treasury bonds MANILA: The Philippines said on Monday it had sold 360 billion pesos ($7.2 billion) of new retail treasury bonds,... Published 29 Nov, 2021 11:25am
Forex Turkish lira tumbles 4% in thin trade towards record lows ISTANBUL: The Turkish lira slid more than 4% against the dollar in thin and volatile trading on Monday, nearing the... Published 29 Nov, 2021 11:23am
Companies Nissan plans 50% electric vehicle sales by 2030 TOKYO: Automaker Nissan wants half its global sales to be electric or hybrid vehicles by 2030 and plans to plough... Published 29 Nov, 2021 10:30am
China's Twitter-like Weibo plans $547mn Hong Kong listing BEIJING: US-listed Chinese microblogging platform Weibo is seeking to raise up to $547 million in a share offer in... Published 29 Nov, 2021 10:20am
Stocks Nikkei pares early losses as investors digest risks from Omicron TOKYO: Japanese stock index Nikkei pared almost all of its early losses on Monday, as investors tried to assess the... Published 29 Nov, 2021 09:46am
Energy US oil may bounce towards $74.03; trend at crossroads The contract has bounced above the 61.8% retracement of $70.77 Published 29 Nov, 2021 09:44am
Commodities Palm oil may revisit low of 4,706 ringgit, downside potential untapped This wave may travel into a wide range of 4,555 ringgit to 4,751 ringgit Published 29 Nov, 2021 09:43am
Bullion Rate Spot gold may fall to $1,758; bounce complete This wave is capable of travelling to $1,684.37 Published 29 Nov, 2021 09:38am
Bullion Rate Gold ticks higher as Omicron virus variant woes boost appeal Spot gold rose 0.1% to $1,793.72 per ounce by 0201 GMT. US gold futures advanced 0.4% to $1,793.2 Published 29 Nov, 2021 09:34am
Stocks Tokyo shares open lower on Omicron fears TOKYO: Tokyo stocks opened lower on Monday as scientists raced to learn more about the new Omicron Covid variant ... Published 29 Nov, 2021 09:32am
Stocks Hong Kong stocks sink at open HONG KONG: Shares in Hong Kong and mainland China opened with more losses Monday morning to extend a sell-off across... Published 29 Nov, 2021 09:30am
Stocks Asian markets extended losses but oil bounces after Omicron rout HONG KONG: Asian markets fell again Monday but oil rebounded strongly as investors try to assess the threat of the... Published 29 Nov, 2021 09:29am
Industry 4 months: sports goods’ export surges 20.73pc YoY ISLAMABAD: The exports of sports goods witnessed an increase of 20.73 percent during the first four months of ... Published 29 Nov, 2021 07:01am
Money & Banking Cryptocurrency exchange Coinstore enters India despite pending curbs on trade MUMBAI: Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian... Published 29 Nov, 2021 06:51am
Industry Visa complains to US govt about India backing for local rival RuPay NEW DELHI: Visa Inc has complained to the U.S. government that India’s “informal and formal” promotion of... Published 29 Nov, 2021 06:22am
MENA Pakistan Pavilion at Dubai Expo 2020: A ‘magnet’ for investors and tourists alike One of the Expo’s most coveted pavilions, it also serves as a bastion of the country’s longstanding association with the UAE Updated 30 Nov, 2021 01:26am
Money & Banking BOP sponsors ‘WeCamp Festival-2021’ ISLAMABAD: The Bank of Punjab (BoP), in a bid to support, encourage and promote home-based women entrepreneurs ... Published 29 Nov, 2021 06:03am
Money & Banking Euro zone bond yields drop as Covid variant sows fear LONDON: Euro zone government bond yields dropped sharply across the board on Friday as investors reacted to a newly... Published 29 Nov, 2021 06:03am
Money & Banking Spain’s bad bank sues banks over debt portfolio MADRID: Spain’s bad bank said on Friday it had sued Spanish lenders, such as Caixabank and Sabadell in a Madrid... Published 29 Nov, 2021 06:03am
Money & Banking Australia, NZ dollars hit three-month lows SYDNEY: The Australian and New Zealand dollars were pinned near three-month lows on Friday and heading for another... Published 29 Nov, 2021 06:03am
Money & Banking Canadian dollar weakens TORONTO: The Canadian dollar on Friday posted its biggest decline in more than three months against its US... Published 29 Nov, 2021 06:03am
Industry France sanctions US e-commerce site PARIS: France has ordered search engines to remove US-based e-commerce platform Wish from their results over it... Published 29 Nov, 2021 06:03am
Industry Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles SHANGHAI: Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in... Published 29 Nov, 2021 06:03am
Industry US unions call for halt to Amazon buyout of MGM SAN FRANCISCO: A consortium of US unions called Monday for Amazon’s buyout of the legendary Hollywood studio MGM ... Published 29 Nov, 2021 06:03am
Industry Economy and trade: Alvi, Raisi call for regular Pakistan-Iran bilateral interactions ISLAMABAD: President Dr Arif Alvi on Sunday underscored the importance of regular convening of bilateral mechanisms... Updated 29 Nov, 2021 10:16pm
Industry FPCCI polls: BMP musters ‘overwhelming’ support in KP PESHAWAR: Overwhelming majority of the chambers of commerce & industry and associations have announced support... Published 29 Nov, 2021 06:03am
Budget 2024-25 updates: Pakistan targets 3.6% growth, 38% higher FBR taxes as Aurangzeb presents proposals
Budget 2024-25 updates: Pakistan targets 3.6% growth, 38% higher FBR taxes as Aurangzeb presents proposals